News

Jul 21, 2005 - 15:04 ET Antrim Energy Inc. Announces Extension of Warrants

CALGARY, ALBERTA--(CCNMatthews - July 21, 2005) - 

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

Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") is pleased to announce that it has received approval from the Toronto Stock Exchange ("TSX") to extend the time of expiry of common share purchase warrants issued on August 24, 2004 and due to expire on August 24, 2005.

Under the extension, the common share purchase warrants will now expire at the earlier of January 24, 2006 and a triggered expiry date which is 30 days immediately following a period in which the ten day volume weighted average price of Antrim's common shares on the TSX exceeds $2.50 per share.

A total of 2,343,750 common share purchase warrants were issued on August 24, 2004. Each whole warrant entitles the holder thereof to acquire one common share at a price of $2.10 per common share.

Antrim sought approval to extend the term of the common share purchase warrants to allow subscribers to Antrim's August 2004 private placement an opportunity to participate in the Antrim's recently announced exploration program in the North Sea. No insider of Antrim holds common share purchase warrants. A total of 468,750 broker warrants due to expire on August 24, 2005 are unaffected by this announcement.

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