News

Nov 26, 2003 - 17:57 ET Antrim Energy Inc. Announces Proposed $12 Million Private Placement

CALGARY, ALBERTA 

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

(TSX: AEN) - LONDON, UK (AIM: AEY) 

Antrim Energy Inc. ("Antrim") is pleased to announce that it has 
entered into an agreement with Canaccord Capital Corporation to 
purchase on a bought deal basis an aggregate of 8,335,000 Units 
at a price of $0.90 per Unit for gross proceeds of $7,501,500.   
Canaccord Capital Corporation will also act as lead agent in 
connection with a private placement, on a "best efforts" basis, 
to European and Canadian investors of up to 5,000,000 Units for 
additional gross  proceeds of $4,500,000.   Each Unit consists of 
one Common Share and one-half of one Warrant.  Each whole Warrant 
shall be exercisable for a period of 12 months following the 
closing of the Offer and shall entitle the holder thereof to 
acquire one additional Common Share of Antrim at a price of $1.30 
per share. 

Antrim plans to use the net proceeds of this offering for the 
further development of its global exploration program and for 
corporate working capital.  It is contemplated that the offering 
will close on December 18, 2003 and is subject to certain 
conditions including, but not limited to, the receipt of all 
necessary regulatory approvals. 

Antrim is a global oil and gas exploration and production company 
with properties and current exploration activities in Argentina, 
Australia, Tanzania and the United Kingdom. 

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