Altima Resources Ltd.
TSX VENTURE : ARH

Altima Resources Ltd.

December 18, 2008 11:57 ET

Altima Increases Chambers Alberta Area Property Holdings

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2008) - Altima Resources Ltd. (TSX VENTURE:ARH) ("Altima" or the "Company") announces that it has purchased Alberta Crown Petroleum and Natural Gas Rights at the Public Offering on December 17, 2008. The purchased lands are part of the Altima Chambers Project Area of west central Alberta.

Altima was successful in purchasing a 100% interest in three sections, thus increasing the Company's landholdings in the Chambers Area by an additional 1,920 acres. The purchase brings Altima's Chambers gross landholdings to 24 sections (15,360 acres, 6,144 hectares) with Altima holding an approximate average 64% overall interest in 21 of the 24 sections. Overall, the Chambers play is quickly growing toward an opportunity to drill a significant number of wells over a large acreage position. The project area contains significant potential to rapidly grow cash flow and reserves.

The Chambers area lies immediately west of the multi-zone producing pools in the Ferrier Field, which continues to see significant industry activity. Other area operators include EnCana, Devon Energy Corporation, and Husky.

ON BEHALF OF THE BOARD

Richard Switzer, President

Forward-Looking Statements:

Certain statements included herein are "forward-looking statements". Management cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Factors beyond the control of the Company could cause the actual results of operations, exploration or development programs, or the financial condition of the Company, to differ.

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

Contact Information

  • Altima Resources Ltd.
    Richard Switzer
    President
    (604) 718-2800
    (604) 718-2808 (FAX)