News

ANTERRA ISSUES STOCK OPTIONS

CALGARY, ALBERTA, July 3, 2008 – Anterra Energy Inc. (“Anterra” or the “Company”) announces today that options to acquire an aggregate of 500,000 Class A shares have been granted to William Johnson, the Company’s new President and Chief Operating Officer. The options have an exercise price of $0.37 per share, which was the closing price of the Class A shares on July 2, 2008, and are subject to standard vesting provisions and such other terms as are prescribed by the TSX Venture Exchange policies. Mr. Johnson has also been appointed to the board of directors of Anterra, as announced on June 25, 2008.     

About Anterra Energy

Anterra Energy is an emerging energy company with a balanced portfolio of lower risk conventional and non-conventional development projects and high-impact exploration opportunities. The Company’s growth strategy is to increase reserves and production through focused development drilling while continuing to explore its high-impact opportunities through joint ventures and farm-out agreements. Complementing this strategy are Anterra’s company-owned and operated oil and gas production and associated 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 at www.anterraenergy.com.

For further information, please contact:

Owen C. Pinnell
Chairman and Chief Executive Officer
Anterra Energy Inc.

Telephone:        (403) 215-2427
Facsimile:          (403) 261-6601

E-mail:              pinnello@anterraenergy.com

Forward-Looking Information

This news release contains forward-looking information related to the Company’s planned drilling program, production and operating costs. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates in relation to reserves, production and expenses; health, safety and environmental risks; and the uncertainty of dealing with government and obtaining regulatory approvals). Due to the risks, uncertainties and assumptions inherent in forward-looking statements, prospective investors in the Company's securities should not place undue reliance on them.

Reader Advisory 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.