News

Oct 17, 2001 - 11:01 ET Antrim Energy Inc. Files Final Prospectus

CALGARY, ALBERTA--ANTRIM ENERGY INC. (TSE: "AEN" " Antrim") is 
pleased to announce that official receipts, dated October 16, 
2001, for its final prospectus were received from the Alberta, 
Ontario and British Columbia securities commissions.  The 
prospectus qualifies for distribution 4,715,000 Common Shares and 
2,357,500 common share purchase warrants on exercise of previously
issued Special Warrants. 

The Special Warrants were issued on August 16, 2001 at a price of 
$1.25 per Special Warrant for gross proceeds of approximately $5.9
million.  The Special Warrant financing was completed through a 
syndicate of investment dealers, which was led by Haywood 
Securities Inc. and included FirstEnergy Capital Corp., J.F. 
Mackie & Company and Jennings Capital Inc. 

Each Special Warrant is exercisable for one (1) Common Share and 
one-half (1/2) of one common share purchase warrant ("Warrant") at
no additional cost.  Each whole Warrant entitles the holder to 
acquire one (1) Common Share at a price of $1.50 per Common Share 
expiring August 16, 2002. 

Updated information about Antrim can be accessed on its website: 
www.antrimenergy.com

FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
Chairman & CEO
(403) 264-5111
(403) 264-5113 (FAX)
Email: greer@antrimenergy.com
Website: www.antrimenergy.com

or

Antrim Energy Inc.
Randal J. Matkaluk
CFO
(403) 264-5111
(403) 264-5113 (FAX)
Email: rjm@antrimenergy.com
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.