American Petro-Hunter, Inc. Acquires Brazos River Prospect, Texas.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Nov. 14, 2001

American Petro-Hunter, Inc. (AAPH) (OTCBB:AAPH), is pleased to announce it has acquired the Brazos River Prospect, Texaco No.1A, located in Fisher and Kent Counties Texas.

The consideration paid by AAPH to Exor Oil Company Inc., Dallas, Texas, is 665,000 common (144) shares of AAPH with a deemed value of $300,000. AAPH has acquired a 100% working interest (75% NRI), Texaco Inc. retains an 18.75% ORRI and 6.25% ORRI is retained by geologists.

The first prospect to be drilled on the Brazos River acreage will be the Petro Hunter Texaco Fisher No.1A in section 35, Texas Pacific Survey, Fisher County, Texas. The Petro Hunter Texaco Fisher No.1A will be drilled through the Noodle Creek Zone at 2,000 feet through the Canyon Creek Zone at 6,000 feet to the Ellenburger Formation at 6,800 to 7,200 feet.

Hydrocarbons in place per successful well location are estimated to be 280,000 barrels of oil and 250,000 MCF of natural gas from the Canyon Reef and 220,000 barrels of oil and 250,000 MCF of natural gas from the Ellenburger. If successful, there are 15 possible offsets which could contain 8 million barrels of oil with 7.2 billion cubic feet of natural gas. The prospect could have a value of $228,800,000 according to estimated reserve studies.

For further information, maps, engineering reports or reserve studies refer to AAPH's website at www.petrohunter.com. or call Patrick McGowan, President & C.E.O. toll free at [phone].

Certain information included in this communication (as well as information included in oral statements or other written statements made or to be made by American Petro Hunter Inc.) contains statements that are forward looking, such a statements related to the future anticipated direction of the oil & gas industry, plans for future expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. These forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.