Anterra Energy Announces Corporate Update and First Quarter Financial Results

Anterra Energy Inc. (TSX VENTURE:AE.A) ("Anterra" or the "Company") today
released its financial results for the three months ended March 31, 2013. The
full text of the Company's consolidated financial report and related
management's discussion and analysis ("MD&A") can be found at www.sedar.com and
on the Company's website at www.anterraenergy.com.


CORPORATE UPDATE:

Banking: Effective May 6, 2013, the Company's lender increased the credit
facilities for Anterra. The revolving operating demand loan has been increased
from $12 million to $15 million and the non-revolving acquisition/demand loan
has been increased from $3 million to $ 5 million.


Equity Financing: On May 24, 2013, Anterra signed a letter of intent with a Hong
Kong based investment group (the "Investor") for a $7 million private placement
of common equity priced at $0.066 per share. This private placement is in
addition to the $7 million financing with LandOcean of Beijing which closed on
April 5, 2013. The financing is subject to several conditions including
compliance with all Canadian rules and regulations, TSX Venture Exchange
approval and the allocation of one board seat for the Investor.


Operating Update: The Company continues to pursue a growth orientated plan for
its midstream and oil and gas producing assets. This includes a $3 million
expansion of its midstream facilities at Breton and a thorough review and
analysis of the reservoir characteristics and development potential of all
producing properties in western Canada (being carried out by LandOcean of
Beijing, China). The Company is currently producing approximately 500 boepd.


Acquisitions and Mergers: Following the successful completion of the acquisition
of Terrex Energy Inc., the Company plans to pursue an active program to acquire
assets or merge with other companies utilizing its evolving financial strength.


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 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.


BOE's may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anterra Energy Inc.
Gang Fang
Chief Executive Officer
[phone]
[phone] (FAX)
[e-mail]


Anterra Energy Inc.
Owen C. Pinnell
Chairman
[phone]
[phone] (FAX)
[e-mail]
www.anterraenergy.com