Anterra Energy Announces Filing of Second Quarter 2016 Financial Statements and MD&A and Correction to Disclosure Regarding Convertibility of Interim CCAA Funding

CALGARY, ALBERTA--(Marketwired - Aug. 30, 2016) - Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) announces that it has filed on SEDAR and on the Company's website at www.anterraenergy.com, the Financial Statements and related MD&A for the three and six months ended June 30, 2016,

Anterra also announces that it previously inaccurately referred to a $2.5 million loan (the "Loan"), which has been made available to fund the Company's ongoing proceedings under the Companies' Creditors Arrangement Act (Canada), as being "convertible" The Loan has no convertibility feature either at the option of the Company or the lender. The statement appears in Anterra's audited annual financial statements, and management's discussion and analysis for the year ended December 31, 2015 as well as the interim financial statements, and management's discussion and analysis for the three-month period ended March 31, 2016, all of which were filed on July 28, 2016 (collectively, the "Disclosure Documents") and which are available at www.sedar.com.

The relevant excerpt from the Disclosure Documents is as follows:

"In conjunction with the CCAA application, the Company has arranged for a $2.5 million interim convertible loan which is available to the Company to fund the CCAA proceedings....."

The corrected statement is as follows:

"In conjunction with the CCAA application, the Company has arranged for a $2.5 million interim loan which is available to the Company to fund the CCAA proceedings....."

About Anterra Energy Inc.

Anterra is an independent oil focused junior exploration and production company with operating in the Western Canadian Sedimentary Basin. The Company is actively engaged in the acquisition, development and production of oil and natural gas complemented by the operation of fee-based midstream facilities. Anterra is headquartered in Calgary, Alberta, is listed and trades on the TSX-V under the symbol "AE.A". Additional information is available on the Company's website at www.anterraenergy.com.

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