Anterra Energy Inc.
TSX VENTURE : AE.A
TSX VENTURE : AE.B

Anterra Energy Inc.

November 12, 2007 09:00 ET

Anterra Announces Closing of $3.4 Million Financing

CALGARY, ALBERTA--(Marketwire - Nov. 12, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Anterra Energy Inc. (TSX VENTURE:AE.A) (TSX VENTURE:AE.B) ("Anterra" or the "Company") is pleased to announce that it has closed its previously announced financing for aggregate gross proceeds of $3,400,000. Evergreen Capital Partners Inc. acted as exclusive agent in connection with the offering. An aggregate of 4,000,000 units were issued at $0.85 per unit. Each unit consists of one Class A share ("Share") and one-half of one purchase warrant ("Warrant") of Anterra. Each whole Warrant will entitle the holder to purchase one Share at an exercise price of $1.10 per Share for a period of 12 months from the date of closing of the Offering. The securities issued under the private placement are subject to a hold period under applicable securities laws of 4 months which will expire on March 10, 2008.

The net proceeds of the offering are expected to be used to fund further drilling of Anterra's Judy Creek project where the Company recently announced an oil discovery, as well as for general working capital purposes.

Anterra is an emerging energy company with a balanced portfolio of high impact exploration and lower risk exploitation projects. Complementing this strong exploration and development focus, the Company owns and operates oil and gas production and associated fee-based midstream facilities in western Canada. Anterra is a public Canadian company listed on the TSX Venture Exchange under the symbols AE.A and AE.B. More information about Anterra is available on the internet at www.anterraenergy.com.

This news release contains forward looking information related to the planned drilling program, production and operating costs. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates in relation to reserves, production and expenses; and health, safety and environmental risks). Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in the company's securities should not place undue reliance on these forward-looking statements. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in the company's securities should not place undue reliance on these forward-looking statements

30,365,606 Class A Shares

753,014 Class B Shares

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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