News

May 8, 2006 - 10:05 ET Antrim Energy Inc. Announces Closing of Offering

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - May 8, 2006) - 

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 the closing of its previously announced offering (the "Offering") of 14,750,000 common shares in the capital of Antrim at a price of $1.95 per Common Share for aggregate gross proceeds of approximately $28.75 million. The Offering was led by Research Capital Corporation (the "Agent") assisted by Oriel Securities Limited (the "UK Sub-Broker").

Antrim intends to use the net proceeds of this offering to fund its exploration and development projects in Argentina and for corporate working capital.

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
President & 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