News

ANTERRA ENERGY ANNOUNCES $2.0 MILLION PRIVATE PLACEMENT

CALGARY, ALBERTA, September 22, 2008 – Anterra Energy Inc. (“Anterra” or the “Company”) is pleased to announce that it intends to complete a non-brokered, private placement of up to 6,666,667 Class A common shares of the Company to be issued on a flow-through basis ("Flow-Through Shares") at a price of $0.30 per Flow-Through Share (the "Offering") for aggregate gross proceeds of approximately CAD$2,000,000.  It is anticipated that directors and officers of the Company will participate in the Offering.

The proceeds raised in connection with the Offering will be used to incur Canadian Exploration Expenses, which will be renounced in favour of the subscribers for the 2008 taxation year.

Anterra also announces that options have been granted to employees, a consultant and a director and officer of the Corporation to acquire an aggregate of 190,000 Shares at $0.30 per share.

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.

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

For further information, please contact:

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

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

This news release contains forward-looking information related to the Company’s planned land acquisitions, 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.