Anterra Energy Announces Settlement With Creditors

Anterra Energy Inc. (TSX VENTURE:AE.A) (TSX VENTURE:AE.B) ("Anterra" or the
"Company") announces that it has entered into Settlement Agreements with certain
of its creditors whereby the Company will issue settlements comprised of cash,
debentures and Class A Shares of the Company. The creditors will receive the
cash component based upon 20% of the monies owing to the creditor. The
debentures will be redeemable, subordinated and unsecured debentures with a 5%
yield and a term expiring on July 31, 2011. Subject to final approval of the TSX
Venture Exchange, the Company will issue up to 5,000,000 Class A Shares of the
Company at a deemed price of $0.10 per share in satisfaction of 25% of its
outstanding obligation to a creditor. In the Settlement Agreements, the Company
is removing approximately $1,800,000 of negative working capital from its
balance sheet. 


About Anterra Energy

Anterra Energy is an independent exploration, development and production company
with an emerging focus on the use of advanced 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 TSX Venture Exchange under the symbols
AE.A and AE.B. More information about Anterra is available on the internet at
www.anterraenergy.com.


Reader Advisory:

This news release may contain certain forward-looking statements, which include
assumptions with respect to (i) production; (ii) future capital expenditures;
(iii) funds from operations; (iv) cash flow; (v) debt levels and (vi) working
capital. 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, 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, stock market volatility and market
valuations of companies with respect to announced transactions and the final
valuations thereof, and obtaining required approvals of regulatory authorities.
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.


43,334,878 Class A Shares

753,014 Class B Shares