Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

November 21, 2006 09:16 ET

Antrim Energy Inc. Announces Closing of Financing

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 21, 2006) -

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

Antrim Energy Inc. ("Antrim") (TSX:AEN) (AIM:AEY) is pleased to announce the closing of its previously announced "bought deal" financing. Antrim has sold to a syndicate of underwriters 13,175,000 common shares at a price of C$3.70 per common share for gross proceeds of $48,747,500. The syndicate was led by Blackmont Capital Inc. and included GMP Securities L.P., Tristone Capital Inc., Wellington West Capital Markets Inc. and Research Capital Corporation. Blackmont Capital's alliance partner Oriel Securities acted as a special selling agent in the U.K. Antrim has granted to the underwriters an over-allotment option, exercisable at any time until 30 days following the Closing Date, to purchase an additional 1,975,000 common shares at a price of C$3.70 per Share.

This news release is not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in any jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Certain statements contained in this press release may be considered as "forward looking". Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Updated information about Antrim can be accessed on its website: www.antrimenergy.com.

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