PetroHunter Energy Corporation Obtains Extensions From Secured Lenders

DENVER, CO–(Marketwire – March 10, 2010) –  PetroHunter Energy Corporation (OTCBB: PHUN) today announced that its largest secured creditors, Global Project Finance and Renn Capital, extended the maturity date of $44.65 million of debt to December 31, 2014. PetroHunter paid accrued interest to these creditors with restricted shares of its common stock, valued at $0.125 per share. Going forward, interest will be accrued but paid at maturity, together with the debt principal.

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