News

Apr 18, 2006 - 17:32 ET Antrim Energy Inc. Announces Proposed Financing

CALGARY, ALBERTA AND LONDON, UNITED KINGDOM--(CCNMatthews - April 18, 2006) - 

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

Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") announced today that it has filed a preliminary short form prospectus in the provinces of Alberta, British Columbia and Ontario in connection with a "best efforts" offering of Common Shares. The offering is being led by Research Capital Corporation and includes provision for Antrim to include the appointment of a sub-broker in the United Kingdom. Aggregate gross proceeds from the financing are anticipated to be up to US$25.0 million.

Antrim plans to use the net proceeds from this financing to fund its exploration and development projects in Argentina and for corporate working capital. It is contemplated that the offering will close on or about May 5, 2006. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals.

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. 

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