American Petro-Hunter Announces Colby Oil Prospect Acquisition in Kansas

SCOTTSDALE, AZ, Aug 27 (MARKET WIRE) --
American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the
"Company") is pleased to announce that the Company has executed Letter of
Intent (L.O.I.) to acquire a 25% Working Interest in the Colby Prospect,
a Kansas oil play added to the Company's growing Kansas project portfolio.

The Colby Prospect is located in Thomas County, Kansas, and is
approximately 13 miles southwest of the town of Colby. The 500 acre block
has a well defined 3D seismic anomaly that includes 7 potential zones to
be tested. The primary objective of the first test well is oil in the
Lansing and Kansas City Formations. Colby is a potential multi-well
program with the first location to be drilled designated as the #1 Keck
well. The operator of the project, S&W Oil & Gas, LLC of Wichita, Kansas,
plans to spud the first test well on or around September 21st dependent
upon rig availability.

Engineering estimates place the potential production from the indicated
pay zones at between 75 and 100 barrels per day. Full development of the
field from 2 or 3 offset well locations on the structure could produce
between 200 and 400 BOPD. Of significance there is a plugged oil well
within the lease that was previously drilled and which discovered oil
during a period when prices were depressed and subsequently was not
completed. The current prospect partners anticipate a recompletion in
order to potentially bring this well into production if and when the #1
Keck well is proven to have commercial viability.

Under the terms of the L.O.I, the Company will pay S&W Oil & Gas, LLC of
Wichita, Kansas costs which have yet to be finalized for the 25% Working
Interest that covers dry-hole cased drilling charges associated with the
#1 Keck exploratory oil drilling program and 25% of all further moving
forward costs such as completion and related infrastructure expenditures.
The Company will announce these finalized payment costs as soon as they
are made available from the vendor. If a successful commercial oil well is
established, the Company will receive an 81.5% Net Revenue Interest (NRI)
in the well.

In other Kansas based news, the 3D seismic shoot has commenced at the
Rooney Prospect located in southwestern Ford County 20 miles due south of
Dodge City. The Company has advanced $108,333.00 as part its 50% Working
Interest costs of the survey. The acreage block totaling 5,120 acres will
be covered by the 3D seismic aimed at identifying Morrow Sand oil and gas
targets in sand channels. Once the data is processed and interpreted, it
is Management's hope that multiple well locations will be identified. The
first test well at Rooney is planned for early November of this year. If
successful, a multi-well program is envisaged immediately thereafter.

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 THE BOARD
American Petro-Hunter, Inc.
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Robert McIntosh
President & C.E.O.

To find out more about American Petro-Hunter, Inc. (OTCBB: AAPH),
visit our website at www.americanpetrohunter.com

Investor Relations:
Bakerview Investor Relations, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com

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