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AE.A

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Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:AE.A TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Anterra Completes $7 Million Financing With LandOcean

08/04/2013 1:40pm

Marketwired Canada


Anterra Energy Inc. (TSX VENTURE:AE.A) ("Anterra" or the "Company") is pleased
to announce that the previously announced financing with LandOcean Energy
Services Co. Ltd ("LandOcean") of Beijing, China has now been completed.
LandOcean's subsidiary, LandOcean Resources Investment Canada Co. Ltd., has
acquired 107,692,308 Class A shares of Anterra at a price of $0.065 per share,
which represents 27.6% of Anterra's outstanding Class A shares. LandOcean's
nominees, Mr. Gengwen Sun and Mr. Chengfeng Tang, have been appointed as
directors to Anterra's board. 


In conjunction with the financing, Anterra has agreed to give priority to
LandOcean for its exploration and production technical services. These services
are intended to include a comprehensive reservoir study of all of Anterra's
properties, an evaluation of acquisition and development projects and other
engineering services.


LandOcean has acquired the shares of Anterra for investment purposes.

Anterra intends to use the proceeds of the financing for general working capital
purposes. The Company paid Langgata Financial Consulting a cash fee of $350,000
and issued 1,000,000 warrants. The warrants have an exercise price of $0.10 and
will expire on April 4, 2015. The securities issued under the offering
(including the Class A shares and warrants) are all subject to a hold period
under applicable Canadian securities laws of four months, which will expire on
August 6, 2013.


About Anterra Energy Inc.

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 symbol AE.A. 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 future operations. 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, volatility of commodity prices,
availability of 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, 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 there from.
Readers are cautioned that the foregoing list of factors is not exhaustive. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anterra Energy Inc.
Gang Fang
Chief Executive Officer
(403) 215-2383
(403) 261-6601 (FAX)
fangg@anterraenergy.com


Anterra Energy Inc.
Owen C. Pinnell
Chairman
(403) 215-2427
(403) 261-6601 (FAX)
pinnello@anterraenergy.com

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