Antrim Cinches 'Bought Deal' Financing, Sells to Syndicate

Antrim Energy Inc. has announced the closing of its previously announced "bought deal" financing. Antrim has sold to a syndicate of underwriters 16,130,000 common shares at a price of C$3.10 per common share for gross proceeds of C$50,003,000. The syndicate was co-led by RBC Capital Markets, as sole bookrunner, and Wellington West Capital Markets Inc. and also includes Cormark Securities Inc. and Research Capital Corporation, collectively.

Antrim has made an application to the London Stock Exchange for 16,130,000 new shares to be admitted to trading on AIM and admission is expected to take place on Wednesday July 16, 2008. After giving effect to the financing, Antrim has 133,955,064 common shares issued and outstanding.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold in the United States unless an exemption from registration is available.