Green Baron New “Stock Alert”

American Petro-Hunter, Inc.

(OTCBB: AAPH – $1.05 per share)

www.AmericanPetroHunter.com

Common Shares Outstanding / 23.749 million

Market Cap / $24.9 million

2010 Year-High / $1.06

2010 Year-Low / $.57

Average Price / $.6645 (50-day) .4892 (200-day)

 At Conservative Price of $70 Oil and Production of 1000 Barrels per day, AAPH Would Have Combined Yearly Revenue Run Rate of $25.5M; Rooney Field Alone has Estimated Reserve of 3M Barrels

Three Recently Released Independent Analyst Reports suggest Target Prices for AAPH that Range Between $3 and $6 per share

News Issued After Close Today: American Petro-Hunter Updates Events at New Kansas Oil Reservoir Estimated to Contain 3M Barrels of Oil

Today’s Green Baron “Stock Alert” is from an industry we have had tremendous success from over the years.  The key to successful investing in oil and gas exploration and production companies starts with management and then proven success in the initial target zones.  We believe our new stock idea today has done just about everything right thus far, and there is no reason to believe the good news will stop anytime soon.

American Petro-Hunter, Inc. (BB: AAPH) is officially our newest Green Baron “Stock Alert”.  Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members.  Although we have very aggressive price projections for AAPH, we still suggest our members try to accumulate shares as close to our profile price as possible. 

TRADER’S NOTES:  AAPH has been an investor’s dream and a cash cow for traders.  The stock has been trading with an extremely tight spread of just pennies or less and has recently broken into new year-highs.  Multiple market makers are represented as this fully reporting Bulletin Board stock has recently generated tremendous trading volumes.  For example, last week on Friday, February 26, AAPH was up .08 per share on massive volume of 1,138,887 shares traded.  The continued heavy trading action in the stock and beautiful uptrend indicate that most of the overhead resistance is gone.  We have seen this technical action before with other oil and gas stocks, and we anticipate much more upside here.

If you wish to receive News Release Alerts or an Investor Kit for AAPH, please visit

http://www.americanpetrohunterinc.com/contact/contact-inquiry.aspx.

The Green Baron Report considers AAPH to be a fantastic investment for our members at current prices primarily for the following reasons:

Additionally, several independent research and energy analysts have recently identified AAPH as a great speculative investment.  Here some of their quotes and a link to their research report: 

Jarrett Wollstein – Intelligent Investor Report
“This incredible stock, ripe with potential and backed by bedrock fundamentals, could rise as high as $4.00, perhaps even to $6.00 per share... Buy American Petro-Hunter (AAPH.OB) up to $2.50 per share.”  http://www.aaph-stockreport.com/

John Myers – Energy Analyst
“American Petro-Hunter is just now being discovered...This incredible stock could rise as high as $5.00 per share... I can tell you that after being in this business for 30-years, no stock is better positioned to reap the riches of an energy boon than American Petro-Hunter (OTC BB: AAPH).” http://www.topenergypicks.com/

Paul Cohen – Grass Roots Research and Distribution, Inc.
“We expect significant growth potential from AAPH’s prolific oil and gas projects in Kansas in the immediate to medium term. The prospects of the company have further brightened after it went in-production at its core acreage at the Rooney Oil Project... The quality of the portfolio assembled is excellent. We believe this quality together with the experience and proven track record of its management team will enable enhanced returns on investment.”  See 33-page updated report dated January 23, 2010 at 

http://americanpetrohunterinc.com/about/AAPH_COHEN_Report...

The Green Baron Report believes that AAPH management has successfully identified properties that will continue to deliver.  Investors are flocking into this stock because of its recent success at Rooney and the potential that experts believe exists on current claims and new acreage leased out at Rooney. 

AAPH stock steadily increased since mid-December and just broke out over the past week.  We believe AAPH could test the recent break out price we identify at .85 per share, but will likely rally from here to new highs over the coming weeks.  We figure AAPH could easily hit $1.50 per share by the end of March, and much higher if news of more successful wells are hit over the near-term.  Target prices of $3 to $6 per share over the next year set by the analysts and writers listed appear to be reasonable.

About American Petro-Hunter, Inc. (OTCBB: AAPH)

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 the achievable target of becoming a 1000 BOE producer as its goal, American Petro-Hunter is actively on the "hunt" for domestic petroleum assets.

Vision

The Company believes alternative sources of energy won’t become a significant or practical solution for years to come and that the country must support increased domestic drilling in order to capitalize upon our existing technical supremacy and the unearthing of significant and important new finds here at home.

American Petro-Hunter solidly supports “growth by the drill bit” as the only “home grown solution” to produce more American oil and gas that will stabilize gasoline and energy prices. The number of projects currently available for acquisition is extensive and American Petro-Hunter plans an aggressive campaign towards targeting production from smaller, underutilized fields via farm-ins and outright purchases. 

Mission

To explore, develop and produce oil and gas reserves in the continental USA thereby assisting our nation in reducing its dependence on foreign oil. "America First" and "in our back yard" are the motto's we will apply to each and every project we acquire. Any partnerships will only be with other likeminded companies also desiring to drill America out of these tough economic times by using American workers and US technologies to target, and exploit America’s vast wealth of untapped petroleum reserves. 

Goals

#24-1 Double H Oil Well at Rooney Project Tested at over 200 Barrels per Day 

Rooney Oil Project - Field Development

American Petro-Hunter has successfully drilled the first of a series of  wells proposed for the Rooney oil project located in southwestern Ford County, Kansas, 20 miles due south of Dodge City off US Highway 283. The acreage block presently contains 8 sections totaling 5,120 acres in T-29-S, R-24 & 25W Ford County.

Management considers this acreage to be a “core” land holding, one that future development can provide the basis for the requisite BOE production necessary to meet intermediate and long term goals. The Rooney Project is directly adjacent to the north edge of an existing oil and gas production area. An analog well designated as 3-30-25W in the pool has cumulatively produced 344,448 Barrels of oil and 933,622 MCF gas. There are multiple wells within 2 miles of our acreage that have produced in the 35,000 to 40,000 barrel range from discrete sand channels.

The #24-1 Double H well was drilled in late November of 2009 and encountered a 12 foot pay zone that produced excellent quality 44 degree oil in the tubing up to the surface from 5,400 feet of depth with fluid test results returning 99% oil cut. The strong down-hole reservoir pressure combined with the initial data results have allowed engineers to calculate that the well should be capable of producing over 200 barrels per day. 

After a review of the 3D seismic data in conjunction with the electronic logs, the potential barrels of oil associated to the #24-1 Double H well and oil pool is currently estimated at 500,000 barrels. 

American Petro-Hunter is now preparing to commence offset drilling operations at the Rooney Project in Kansas. The Company participated in a 3D seismic shoot this summer which has provided ample data regarding the potential on the acreage. The shoot was successful as multiple targets have been identified from the recently interpreted 3D seismic across the entire acreage. 

The partners and operator have identified up to ten promising targets and are readying plans to move ahead with the first in a series of 5 wells chosen as the best candidates heading into 2010. The first offset location is being readied and, if successful, an ongoing multi well program is envisaged immediately thereafter.

Pictures and other projects – We strongly urge our members and interested investors to visit the Company’s website at www.AmericanPetroHunterinc.com to view the many photos and descriptions of all its projects.

Recent Key Announcements

Tuesday, March 2, 2010 – American Petro-Hunter Updates Events at New Kansas Oil Reservoir Estimated to Contain 3M Barrels of Oil - SCOTTSDALE, AZ – American Petro-Hunter, Inc. (OTCBB: AAPH) (“American Petro-Hunter” or the “Company”) is pleased to update the drilling progress at the Shelor Oil Well at the Rooney Project, located in Ford County Kansas.

Currently, the well has passed the 4,500 foot level and is drilling ahead. The Shelor well is planned for a total depth (T.D.) of approximately 5,400 feet and the Company now anticipates that the well will reach T.D. within 3 days.

Once the well reaches the T.D., any and all prospective oil and gas shows will be evaluated through a series of Drill Stem Tests and a suite of electronic well logs. The election to run casing as a commercial well in readiness for production would be made at that time. Management anticipates well testing to proceed during the upcoming weekend.

The Shelor well is the second oil well to be drilled at Rooney and is part of the Company’s planned drill program aimed at drilling at least one well per month in order to rapidly develop the newly discovered reservoir.

The Shelor location is up-dip and North West from the currently producing 24 Double H well. In the event that the Shelor results as the second commercial producer at Rooney, the Company plans a rapid tie-in to the existing oil storage infrastructure and in the event of significant natural gas production to a nearby gas pipeline, a process estimated to take approximately two weeks to complete. Therefore, we would estimate that the Shelor well, if successful, could be generating revenue by mid-March.

In related news, American Petro-Hunter is pleased to announce the launch of an informative video outlining the Company’s strategic aims and detailing recent important corporate events. To view the video, please visit our website at: www.americanpetrohunter.com   

Monday, February 22, 2010 - American Petro-Hunter Drilling New Oil Well at Rooney Project, Kansas - SCOTTSDALE, AZ -- (MARKET WIRE) - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company") is pleased to announce that the drill program has commenced on the Shelor 23-2 well location at the Rooney Project, located in Ford County Kansas. The drilling rig has arrived on the lease and the well is set to spud immediately.

The Shelor 23-2 well is the second oil well to be drilled at the project and is part of our goal to drill one well per month in order to develop the newly discovered reservoir at Rooney. The Shelor location is up-dip and North West from the #1 Double H producing well and is planned for a total depth (T.D.) of 5,400 feet. It is expected to take approximately 7 days to reach the T.D. after which any prospective oil shows will be drill stem tested. In the event of a second commercial producer, the Company plans a rapid tie-in to the existing infrastructure at the Rooney lease.

About the Rooney Project:

The Rooney Project is located in southwestern Ford County, Kansas, 20 miles due south of Dodge City and totals 7,040 acres adjacent to the north edge of existing Morrow Sand oil and gas production. The initial discovery well, #24-1 Double H commenced commercial production from the Mississippian reservoir in January. The potential barrels of oil associated with the discovery well and underlying oil pool are currently estimated at 500,000 barrels. The Company and partners have developed a minimum of 10 target locations to drill that could add 10 additional wells to our portfolio by the end of the fourth quarter of 2010 at a planned drilling schedule of one new well per month. The operator of the project is S&W Oil & Gas, LLC of Wichita, Kansas. The purchaser of the oil production at Rooney is N.C.R.A. of McPherson, Kansas.

Wednesday, February 10, 2010 - American Petro-Hunter Announces Details of New Discovery at Rooney Project, Kansas - American Petro-Hunter, Inc. is pleased to provide updated information regarding the nature of the Rooney Project, located in Ford County, Kansas.

The production of oil at Rooney appears to represent the discovery of a new and unanticipated reservoir. This conclusion is based on data resulting from the test of promising 3D seismic information targeting the Morrow sands in the area.

During the drilling of the #24-1 Double H well, the Morrow formation was intersected with good oil and gas shows but little porosity and permeability. A timely decision was made to continue drilling to the Mississippian St. Louis Formation where the strike was subsequently achieved. The Rooney is producing oil and gas from this Mississippian Limestone reservoir and will be the primary focus of all upcoming exploration.

There appears to be great reserve potential in this limestone reservoir given the aerial extent throughout the acreage. The Company and engineers are now drawing direct analogous comparisons to the Ingalls field, which is another St. Louis Mississippian regional producer.

The Ingalls field is located 30 miles west of Dodge City and 10 miles from Cimarron in neighboring Gray County. Discovered in the early 1980s, the 5,100 foot deep field is comprised of 30 producing wells and 16 plugged and abandoned and dry wells. Producing wells vary from lows of 19 BPD to 185 BPD with gas rates in the 150 MMCF per day range. A central line of 5 wells through the core of the trend produces between 150 and 180 BPD each.

Historically, the Ingalls field produced over 2.5 million barrels from acreage that is smaller and from pay zones less than what the Company has mapped at Rooney. Given that Ingalls offers analogous data to Rooney there is a heightened probability that with proper development the Rooney project may exceed Ingalls in scope. Current estimates by Company engineers estimate this newly discovered potential to be in excess of 3 million barrels. 

American Petro-Hunter is also pleased to report that it continues to anticipate great promise and potential for future Morrow Sand oil and gas exploration at Rooney and may encounter locations that have multiple objectives in future wells. The next well in the planned 10 well Rooney Development Program is the Shelor 23-2, which is scheduled to spud on February 15th. The well is up-dip and North West from the producing #1 Double H well and is slated for a total depth (T.D.) of 5,400 feet. Once drilling commences it is anticipated to require 7 days to reach the T.D. after which any prospective oil shows will be tested.

Wednesday, February 3, 2010 – American Petro-Hunter Announces Spud Date for New Oil Well at Rooney Project, Kansas - American Petro-Hunter, Inc. is pleased to announce that a spud date has been set for the newest development well at the producing oil & gas Rooney Project, located in Ford County, Kansas.

The well has been designated Shelor 23-2 and is scheduled to spud on February 13th. The well is up-dip and North West from the currently producing #1 Double H well and is slated for a total depth (T.D.) of 5,400 feet. Once drilling commences it is anticipated to take 7 days to reach the T.D. after which any prospective oil shows will be tested.

Monday, February 1, 2010 - American Petro-Hunter Updates Developments at the #24-1 Double H Well at Rooney, Kansas - American Petro-Hunter, Inc. wishes to provide a progress report regarding the previously announced installation of a natural gas pipeline at the Rooney project #24-1 Double H Oil & Gas Well in Kansas.

The well has undergone a regimen of natural gas flow testing that resulted in a rate of 130 MMCF per day. This would be the anticipated production rate following the imminent tie-in to the pipeline.

The pipeline construction is nearing completion and was subject to a short delay in obtaining a permit to bore under the US 60 State Highway. The Company has been advised that the requisite permit is due shortly and it is anticipated that the gas will be tied into the pipeline in approximately 7 days.

The Company further wishes to report that the results of a gas analysis shows a BTU value of 1,527 and is of excellent quality containing various condensates of value. A contract has been executed with the local buyer and pipeline operator and all factors are now in place to commence commercial gas production shortly. NGPL-Midcont prices yesterday were quoted at $5.35 per MCF.

As previously reported, a review of the Rooney engineering and seismic data has indicated that this newly discovered oil and gas reservoir has a potential aerial extent exceeding the acreage of existing nearby oil fields in the area that have produced in excess of 2.5 million barrels of oil. If the Company is successful in its initial 10 well drill program, and should the entire seismically indicated target prove productive, Rooney could mature into a full field development project offering a recovery scenario in excess of 3 million barrels of oil based on this comparative analogy.

Monday, January 25, 2010 - American Petro-Hunter Obtains New Research Report and Equity Opinion on the Company - SCOTTSDALE, AZ -- (MARKET WIRE) - American Petro-Hunter, Inc. (OTCBB: AAPH) ("American Petro-Hunter" or the "Company"), is very pleased to announce that it has received a newly updated, follow-on research report authored by Grass Roots Research and Distribution, Inc. ("Grass Roots"). Grass Roots has released the report which contains an equity opinion on the Company on its website and American Petro-Hunter has subsequently posted the report to its corporate website.

The report features an updated analysis of the Company focusing on the new oil field discovery at the Rooney Project and the potential for future opportunity as the Company looks towards developing significant production at that location. The author, Paul Cohen, is the principal of Grass Roots and is noted for his diligent efforts on behalf of many early stage companies across a diverse industrial client base. The current report is supported by his significant depth of knowledge pertaining to the analysis of the oil and gas sector.

To view the entire research report, or for more information on Grass Roots Research, go to www.grassrootsrd.com or visit AAPH's website at: www.americanpetrohunterinc.com

The information, opinions, conclusions, views and statements in the report are those of Grass Roots and its authors only and the conclusions determined by Grass Roots were formed by an analysis of data provided by the Company. American Petro-Hunter commissioned and paid $7,500 for the development of the report as a follow-up to the initiation report issued in August 2009.

Monday, January 11, 2010 - American Petro-Hunter #24-1 Double H Well in Production at Rooney - American Petro-Hunter, Inc. is very pleased to announce that the #24-1 Double H well commenced oil production on January 4th.

The Initial Production Rate (I.P.R.) has reached levels of 240 BPD equivalent (10 barrels per hour) at between a 75% to 98% oil cut. The oil to the tanks is actually being limited due to high gas pressures and gas flow estimated at 150,000 to 200,000 cubic feet per day levels (150-200 MCF per day). The operator is working to contain the gas as soon as a tie-in to a nearby pipeline can be accomplished. The high gas pressures have not dropped sufficiently to allow the free steady flow of oil to the tanks at this time. However, once the gas is contained the Company will achieve a definitive assessment of stable production rates which are indicated currently at over 200 barrels per day.

The Company will report when further data on daily rates are received from the operator and will closely monitor production over the next 30 to 60 days. Predicting actual rates is approximate and the total barrels per day produced may exceed or be less than calculated therefore oil pumped to the tanks is the most accurate assessment of any early stage producer.

In related news, an oil purchase contract has been executed with N.C.R.A. (National Co-op Refinery Assoc.) of McPherson, Kansas to purchase all production at the Rooney lease. The Company and operator have negotiated a premium to Kansas common oil prices reflecting the value and quality of the 44 degree oil being produced at Rooney. Also, NGPL-Midcont gas prices are currently trading in the $6.20 per MCF range.

As previously reported, a review of the Rooney engineering and seismic data has indicated that this newly discovered oil and gas reservoir has a potential aerial extent exceeding the acreage of existing nearby oil fields in the area that have produced in excess of 2.5 million barrels of oil. If the Company is successful in its initial 10 well drill program and should the entire seismically indicated target prove productive, Rooney could mature into a full field development project offering a recovery scenario in excess of 3 million barrels of oil based on this comparative analogy.

Wednesday, December 9, 2010 – American Petro-Hunter's Rooney Project Tests at Over 200 Barrels of Oil per Day With Estimated 500,000 Barrel Potential - American Petro-Hunter, Inc. (OTCBB: AAPH) is pleased to announce the preliminary findings from the initial drill stem tests at the #24-1 Double H Oil Well on the Rooney Project, Kansas.

A 12 foot pay zone was encountered that produced excellent quality 44 degree oil in the tubing up to the surface from 5,400 feet of depth with fluid test results returning 99% oil cut. The strong down-hole reservoir pressure combined with the initial data results have allowed engineers to calculate that the well should be capable of producing in excess of 200 barrels per day. After a review of the 3D seismic data in conjunction with the electronic logs, the potential barrels of oil associated to the #24-1 Double H well and oil pool is currently estimated at 500,000 barrels.

The work over and completion rig has been scheduled to further test the well and prepare it for commercial production. The completion process should be accomplished by December 20th with the perforation of the casing and swabbing of the well. The Company anticipates having the #24-1 Double H well in production by January 1st 2010 at an Initial Production Rate (I.P.R.) of 200 Barrels Per Day.

The Company will announce the results of any additional tests as soon as they become available from the operator. The completion data will provide further information as to what the Initial Production Rates (I.P.R.) will be. The well could prove capable of exceeding the original estimates but the Company and partners may opt to produce the well at rates more amenable to the reservoir in order to maintain pressures and integrity.

Ultimately, daily production rates will be fully established once the well is put "on pump" and the actual barrels of oil produced to the tanks are measured. The first 90 days of production for a new well is critical to determine what the rates may level off to and what rates are best to maintain reservoir integrity. The construction of site facilities, including storage tanks and pump-jack, have been purchased and are awaiting delivery to the lease shortly after December 20th.

In related news, offset drilling locations are now being engineered and selected on the Rooney lease and the engineering team will be proposing the full development plan shortly.

Please visit www.americanpetrohunter.com to view background information on the project as well as recently posted photos of drilling operations in Kansas.

Management

Robert B. McIntosh President & CEO

Mr. McIntosh is a businessman and consulting geologist with a proven track record spanning the past 25 years. He brings diverse experience both as a resource exploration geoscientist alongside noteworthy strengths in all facets of corporate development. Since 1983 his career has taken him across the Americas and abroad where he has been instrumental in the design, implementation, execution and management of programs in the oil, gas, precious and base metals segments of the resource sector. His skills encompass virtually every aspect of oil & gas exploration, well completion and production techniques along with extensive experience in project acquisition, contract negotiation, and project divestitures within the petroleum industry. He has developed singular expertise and broad industry contacts in his various roles across the publicly traded market sector as well as with private junior E&P companies. Mr. McIntosh has successfully assisted his clients and stakeholders in the U.S.A. and Canada on projects that ultimately became producing properties where he has significantly contributed towards full-field exploitation programs utilizing both traditional and secondary forms of drilling and completion along with ongoing well site supervisory management aimed at fully optimizing the potential of each asset. 

Dan Holladay Director

Mr. Dan Holladay is oil industry management consultant based in Wichita Kansas. He graduated in 1983 graduate from the University of Eastern New Mexico with an Associate degree in Petroleum Management following extensive studies at the University of Kansas in geology. After a short career in a variety of oil field work he began a 25 year career as an Investment Adviser for firms such as AG Edwards where he advised high net worth clients. Recently, Mr. Holladay has been working as an independent oil industry management consultant where he has been identifying, evaluating and assisting companies and individuals on a variety of Kansas based oil and gas prospects for both exploration and production projects. He will continue this role for American Petro-Hunter with a focus on the current Kansas asset as well as the development of future prospects. 

John J. Lennon Secretary Treasurer

Mr. Lennon has served as Treasurer and VP of Finance of Brite-Strike Tactical Illumination Products, Inc., since May 30, 2008. Previously, he was President of LED Power Group, Inc. from December 2008, President of Chamberlain Capital Partners from 2004, Director of American Durahomes from 2006 and Treasurer/Director/VP of Finance of US Starcom from 2005-2007. Chamberlain Capital Partners assists companies in the area of maximizing shareholder value through increased sales, cost reduction and refined business strategy. Mr. Lennon has also assisted companies in obtaining debt financing, private placements or other methods of funding. On December 31, 2007, Mr. Lennon was appointed Chief Executive Officer, President, Chief Financial Officer, Secretary, Treasurer and director of Explortex Energy Inc., a publicly reporting company, which is a natural resource exploration company engaged in the participation in drilling of oil and gas in the United States. From 1987 to 2004, Mr. Lennon served as Senior Vice President of Janney Montgomery Scott, Osterville, MA, Smith Barney and Prudential Bache Securities, managing financial assets for high net worth individuals.

Green Baron Conclusion

American Petro-Hunter, Inc. (BB: AAPH) is positioned to profit greatly from its interest in the Rooney oil wells and new drill targets.  A well with production capacity of over 200 barrels per day is considered very healthy, and the Company believes it can duplicate these results many times over.  Experts and analysts believe The Rooney Field will provide solid production for years to come, and AAPH has plans to actively drill on its leases throughout the year and add to its interests.

It should be assuring to investors that AAPH already has two producing wells to provide its revenue stream.  Although continued success on new drill sites is no guarantee, we expect that management will be going after the most reliable, low risk target zones to ensure additional revenue.  Investors buying up AAPH now believe this is just the start, and that the share price is going to continue to rocket higher.

Independent analyst and marketing reports point to a much higher target price for AAPH.  A great deal of research has already been written about AAPH that justifies its explosive potential.  We understand that AAPH has rallied some already, but this stock is certainly in play now and some say it’s just the beginning of the move.  We expect that management will certainly do everything in its power to deliver continued good news for its supporters.  

Contacts:

At the Company:

American Petro-Hunter, Inc.

17470 N. Pacesetter Way 
Scottsdale, AZ 85255 
Email: info@aaphinfo.com 

Investor Relations: