News

Dec 18, 2003 - 14:16 ET Antrim Energy Inc. Announces First Closing of $10 Million Private Placement

CALGARY, ALBERTA and LONDON, UNITED KINGDOM-- 

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

Antrim Energy Inc. ("Antrim") is pleased to announce that it has 
had its first closing of its previously announced bought deal 
financing of 8,335,000 Units at a price of $0.90 per Unit.  
Antrim also is pleased to announce that the Underwriters have 
exercised their option to increase the size of the offering by 
2,836,867 Units for total gross proceeds of $10,054,680 
(11,171,867 Units).  Final closing of the placement is expected 
to occur within the next few days following the completion of 
certain UK AIM exchange share settlement procedures.   

This press release is not for distribution to United States 
newswire services or for dissemination in the United States. This 
news release does not constitute an offer to sell or a 
solicitation of an offer to buy any of the securities in the 
United States. The securities have not been and will not be 
registered under the United States Securities Act of 1933, as 
amended (the "U.S. Securities Act") or any state securities laws 
and may not be offered or sold within the United States or to 
U.S. Persons unless registered under the U.S. Securities Act and 
applicable state securities laws or an exemption from such 
registration is available. 

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. The TSX has not reviewed and does not accept 
responsibility for the adequacy or accuracy of this release. 

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

or

Antrim Energy Inc.
Anthony J. Potter
Chief Financial Officer
(403) 264 5111
(403) 264 5113 (FAX)
Email: potter@antrimenergy.com
Website: www.antrimenergy.com