Antrim Energy Inc.
TSX : AEN
AIM : AEY

Antrim Energy Inc.

November 23, 2006 12:50 ET

Antrim Energy Inc. Announces Closing of Over-Allotment Option

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 23, 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 that it has closed the sale of an additional 1,975,000 common shares for gross proceeds of $7,307,500 in connection with the exercise of the over-allotment option granted to the underwriters under its recent bought deal financing, which closed on November 21, 2006. Upon closing of the purchase of the over-allotment shares, a total of 15,150,000 common shares have been sold, resulting in gross proceeds of $56,055,000. The underwriting 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.

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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