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Altima to Spud Alberta Well

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Altima Resources Ltd. announced the Altima Chambers 14-35-41-11 W5M well is anticipated to spud within the third week of February. Road and lease construction has commenced and a rig contracted. The 14-35 well is to be drilled to a depth of approximately 10,138 feet (3,090 meters) into the Nordegg formation.

The 14-35 well will be the first well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. The 14-35 well is located approximately 3 miles (5 kilometers) to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well drilled and completed in 2012.

The Company's mostly contiguous land base at Chambers-Ferrier totals twenty sections (12,800 gross acres) with an approximate average working interest of 97.2 percent in 10 of the 20 sections and varying interests in eight wells.

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