Anterra Energy Announces Closing of Financing and Director Changes

Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) (TSX
VENTURE:AE.B) announced today that it closed the balance of the first $3,000,000
tranche of its previously announced $15,000,000 private placement. In the
closing today, the Company received $2,650,000 and issued 35,333,334 Class A
Shares to Alliance Success Holding Group Limited ("Alliance"). The funds
received today are in addition to the $350,000 of proceeds received from
Alliance on October 6, 2009. Alliance is incorporated in Hong Kong, is an
investment holding company focused on developing resource assets including
minerals, oil and gas and is owned and controlled by Hong Lei, Zhen Xiang Huo
and Jialong Gong. Anterra paid finder's fees of $90,000 and 466,667 warrants to
each of Research Capital Corporation and ISTDC Canada Inc. in the two closings.
The shares issued today are subject to a four month hold period. Anterra
anticipates that it will close the balance of the $15,000,000 private placement
in the next few weeks. 


In conjunction with the closing of the first tranche of the Alliance private
placement and pursuant to the clearance of personal information forms by the TSX
Venture Exchange ("TSXV"), Anterra has appointed three new directors to its
Board of Directors effective as of this date. The three new directors are
nominees of Alliance and are Gary Chang, Hong Lei and Zhen Xiang Huo. The Board
of Directors will continue to include current directors Owen C. Pinnell, James
H. Coleman, Ross O. Drysdale and J. Ronald Woods. 


About Anterra Energy

Anterra Energy is an independent exploration, development and production company
with an emerging focus on the use of advanced exploration technologies including
3-D imaging, horizontal drilling and multi-stage completions to systematically
develop its portfolio of conventional and non-conventional oil and gas projects.
Complementing this strong exploitation and development focus, the Company owns
and operates fee-based midstream facilities in western Canada. Anterra is a
public Canadian company listed on the TSXV under the symbols AE.A and AE.B. More
information about Anterra is available on the Company's website at
www.anterraenergy.com.


Reader Advisory:

This news release contains certain forward-looking statements, which include
assumptions with respect to financing plans. The reader is cautioned that
assumptions used in the preparation of such information may prove to be
incorrect. All such forward-looking statements involve substantial known and
unknown risks and uncertainties, certain of which are beyond the Company's
control. Such risks and uncertainties include, without limitation, the ability
of the Company to reach settlement with certain of its creditors, risks
associated with oil and natural gas exploration, development, exploitation,
production, marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to retain
drilling rigs and other services, delays resulting from or inability to obtain
required regulatory approvals and ability to access sufficient capital from
internal and external sources, the impact of general economic conditions in
Canada and the United States, industry conditions, changes in laws and
regulations (including the adoption of new environmental laws and regulations)
and changes in how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, and stock market volatility. The Company's
actual results, performance or achievements could differ materially from those
expressed in, or implied by, these forward-looking statements and, accordingly,
no assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do, what
benefits, including the amount of proceeds, the Company will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All
subsequent forward-looking statements, whether written or oral, attributable to
the Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required by
applicable securities laws.


86,957,892 Class A Shares

753,014 Class B Shares