Please find below today’s “News Release”, May 17, 2010, concerning American Petro-Hunter, Inc.(OTCBB: AAPH) for your review. For those of you who may have missed an informative 3 minute video concerning American Petro-Hunter, Inc., (OTCBB: AAPH), please proceed to the following link in order to view this video: http://www.youtube.com/watch_popup?v=k-r0Ig491T4. Also, additional information can be found at the Company’s website: www.americanpetrohunter.com. If you have any questions or wish additional information, please feel free to contact the undersigned. Also, if you know anyone who would like to be added to American Petro-Hunter, Inc.’s email update list, please have them contact us directly. Thank you for your ongoing support concerning American Petro-Hunter, Inc. As progress is achieved, you will be informed. (Please Note: There were NO attachments sent along with this email).

Direct link to American Petro-Hunter, Inc.’s April “Corporate Overview”: http://www.americanpetrohunterinc.com/about/AAPHCorporateOverview.pdf

Direct link to American Petro-Hunter, Inc.’s previous news release dated May 13, 2010: http://www.americanpetrohunterinc.com/news/news.aspx?nrnum=342

American Petro-Hunter Announces Equity Financing Agreement

SCOTTSDALE, AZ--(Marketwire - 05/17/10) - American Petro-Hunter, Inc. (OTC.BB:AAPH - News) ("American Petro-Hunter" or the "Company") is pleased to announce that the Company has secured a $1,500,000 financing commitment from an Institutional Investor, the Maxum Overseas Fund.

Under the terms of the agreement, American Petro-Hunter has the right to call upon funds as needed up to $1,500,000. The Company has received $259,000 to date and has received notification of approval of its request for an additional $225,000 and will use the proceeds from the second tranche for ongoing operations in Oklahoma and Kansas as well as operating expenses.

American Petro-Hunter may draw up to $1,500,000 in total by issuing convertible debentures which may be converted into shares of common stock of the Company at a price per share of $0.90. Additionally, upon issuance of a convertible debenture, the Company will also issue a warrant to purchase that number of shares of common stock equal to the principal amount of such debenture divided by $0.90. The warrant may be exercisable to purchase one share of common stock at 130% of the then conversion price of such debenture. The Company has a forced conversion provision at the election of the Company in the event that the share price closes above $1.50 per share.

The securities to be issued under the agreement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent filing a registration statement or the availability of an applicable exemption from the registration requirements.

The use of proceeds from the remainder of the financing will be for the ongoing development of the Company's oil and gas projects, specifically in the near term on the Rooney Project in Kansas and the North Oklahoma Project for drilling and completion costs, land leasing and for general administration going forward.

Additional details regarding the Company and its business, financial condition and management of American Petro-Hunter are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's EDGAR database.

About American Petro-Hunter, Inc. (OTC.BB:AAPH - News)

The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and at the Rooney Project in Ford County, Kansas with production anticipated shortly at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets. Visit us at: http://www.americanpetrohunter.com/

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF TH E BOARD
American Petro-Hunter, Inc.
Robert McIntosh
President & C.E.O.

To find out more about American Petro-Hunter, Inc. (OTC.BB:AAPH - News), visit our website athttp://www.americanpetrohunter.com/