AltaCanada announces completion of private placement



    TSX-V SYMBOL: ANG

    CALGARY, Jan. 9 /CNW/ - AltaCanada Energy Corp. (the "Corporation")
announces that prior to year end it completed the private placement of
5,100,000 common shares of the Corporation in accordance with its December 10,
2007 press release.
    The Corporation is engaged in the acquisition, exploitation and
production of crude oil and natural gas reserves in Montana and Western
Canada. For more information on the Corporation, visit www.altacanada.com.

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    BOEs MAY BE MISLEADING, PARTICULARLY IF USED IN ISOLATION. A BOE
CONVERSION RATIO OF 6 MCF : 1 BBL IS BASED UPON AN ENERGY EQUIVALENCY
CONVERSION METHOD PRIMARILY APPLICABLE AT THE BURNER TIP AND DOES NOT
REPRESENT A VALUE EQUIVALENCY AT THE WELLHEAD.

    The corporate information contained in this news release may contain
forward-looking forecast information. The reader is cautioned that assumptions
used in the preparation of such information, although considered reasonably
accurate by AltaCanada Energy Corp. at the time of preparation, may prove to
be incorrect. The actual results achieved during the forecast period will vary
from the information provided herein and the variations may be material.
Consequently there is no representation by AltaCanada Energy Corp. that actual
results achieved during the forecast period will be the same in whole or in
part as that forecast.





For further information:

For further information: Don Foulkes, President & CEO, Telephone: (403)
265-9091 (ext 248), Fax: (403) 265-9021, Email: info@altacanada.com; Don
Jackson, Exec VP & COO, (403) 265-9091 (ext 234), (403) 265-9021

Organization Profile

ALTACANADA ENERGY CORP.

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