Altima Resources Ltd.
TSX VENTURE : ARH

Altima Resources Ltd.

September 21, 2007 12:24 ET

Altima Provides Operational Update Chambers Area, Alberta

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 21, 2007) - Altima Resources Ltd. (TSX VENTURE:ARH) ("Altima" or the "Company") is pleased to provide an update on the drilling of its option well at 16-21-41-11W5M (16-21) in the Chambers/Ferrier area of west-central Alberta.

The 16-21 well was spud on August 26, 2007, intermediate casing set at 2896 meters, and reached a Total Depth (TD) of 3,289 meters on September 20, 2007. Open-hole logs will now be run and additional offset option lands further evaluated for future drilling. The Company also reports that drilling costs are in line with the targeted budget.

As previously reported (September 5 and 17, 2007), the sale and purchase from Golden Eagle Energy Inc. (Calgary, Alberta) brings Altima's overall interest in the Chambers area to approximately 63%. Land holdings include 17 sections (10,880 gross acres) of Crown land and 6 sections (3,840 gross acres) of farmin and farmin option lands.

ON BEHALF OF THE BOARD

Richard Switzer, President

Forward-Looking Statements:

Certain of the statements contained in this press release may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Statements or information regarding objectives of the board of directors are forward-looking statements. The words "intends" and "expects" and similar expressions are intended to identify forward-looking statements or information, although not all forward-looking statements or information contain these identifying words. Plans, intentions or expectations disclosed in any forward-looking statements or information should not be read as guarantees of future results or events, and will not necessarily be accurate indications of whether or the times at or by which such results or events will be achieved. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Altima, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Except as required by law, Altima expressly disclaims any intention and undertakes no obligation to update any forward looking statements or information as conditions change.

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)