Huntington Announces Closing of Private Placement

Huntington Exploration Inc. ("Huntington" or the "Company") (TSX VENTURE:HEI) is
pleased to announce that it has closed a non-brokered private placement (the
"Private Placement") of units (each "Unit" as set out below) in the capital of
the Company, subject to final approval from the TSX Venture Exchange. Each Unit
was comprised of one (1) common share in the capital of the Corporation issued
on a "flow-through" basis as defined in the Income Tax Act (Canada) and one (1)
common share purchase warrant (each a "Warrant"). Each Warrant will entitle the
holder thereof to purchase one (1) common share in the capital of the
Corporation at a price of $0.10 per share until December 31, 2014. The Company
issued 9,750,000 Units for aggregate gross proceeds of $487,500. 


Huntington intends to use the proceeds of the Private Placement to incur
eligible Canadian Exploration Expenses to fund its ongoing capital programs
prior to December 31, 2013. These qualifying Canadian Exploration Expense
expenditures will be renounced to subscribers effective December 31, 2012. All
securities issued in connection with the Private Placement are subject to a
four-month hold period under applicable securities laws, which hold period
expires on May 1, 2013.


Finders acting in connection with the Private Placement received aggregate fees
of $13,950 and 279,000 finder's warrants. Each finder's warrant entitles the
holder to purchase one (1) common share at a price of $0.10 per share until
December 31, 2014.


Bob Verhelst, an executive officer of the Corporation, subscribed for 1,500,000
Units and Michael Binnion, a director of the Corporation, subscribed for 500,000
Units under the Private Placement. Huntington has determined that there are
exemptions available from the various requirements of TSX Venture Policy 5.9 and
Multilateral Instrument 61-101 for the issuance of these shares, (Formal
Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair
Market Value Not More Than 25% of Market Capitalization). No new insiders were
created, nor has any change of control occurred, as a result of this Private
Placement. 


Huntington is an exploration-focused company actively pursuing opportunities in
the oil and natural gas business in the Western Canada sedimentary basin. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Huntington Exploration Inc.
Bob Verhelst
President and Chief Executive Officer
[phone]
[e-mail]