News

Oct 16, 2002 - 07:43 ET Antrim Announces A Change In Its Board Of Directors

CALGARY, ALBERTA--ANTRIM ENERGY INC. (TSX:AEN) ("Antrim") 
announces a change in its board of directors with the addition of 
Dr. G. Orbell and Mr. M. Sinclair effective October 15, 2002. Mr. 
J. Brussa and Mr. M. Nunns have resigned their positions on the 
Antrim Board also effective October 15, 2002. In addition, Dr. R. 
Walls resigned from the Antrim Board effective September 30th 
2002. The Board of Directors wish to thank the past members of the
Board for their valuable contribution to Company over the past 
several years. 

Based in the UK, Dr. Orbell brings a wealth of international 
experience to the Antrim Board having served on the boards of 
London-based Premier Oil plc, Fina Petroleum Development Ltd. and 
Fina Exploration Ltd. Dr. Orbell is joined by Mr. M. Sinclair, 
President of Quest Investment Corporation, a Vancouver-based 
Merchant Bank. Mr. Sinclair's appointment is expected to add 
significantly to the financial strength of the Antrim Board. 

The board terminated the special committee, which was announced in
June this year to plot the future strategic direction of the 
company. 

Mr. Stephen Greer (Chairman and CEO) stated, " The recent changes 
to the Antrim Board reinforces the Company's commitment to high 
impact overseas oil and gas exploration and development. The 
Company is on a solid financial footing with over $10 million in 
working capital and no debt. Underlining the Company's commitment 
to high impact exploration, Antrim anticipates drilling operations
will commence on its major oil and gas target in Tunisia in 
November this year. Antrim has 34% working interest in this 
drilling prospect". 

Certain statements contained in this press release may be 
considered as "forward looking". Such "forward looking" statements
are subject to risks and uncertainties that could cause actual 
results to differ materially from estimated or implied results. 

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)
E-mail: greer@antrimenergy.com