AltaCanada closes private placement

TSX-V SYMBOL: ANG

CALGARY, Aug. 9 /CNW/ - AltaCanada Energy Corp. (the "Corporation") announces that it has obtained the conditional acceptance of the TSX Venture Exchange and closed its previously announced private placement of 1,200,000 Common Shares.

The Corporation is engaged in the acquisition, exploitation and production of crude oil and natural gas reserves in Western Canada and Montana. For more information on the Corporation, visit www.altacanada.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTRUE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE ALTACANADA ENERGY CORP.

For further information: For further information: Don Jackson, Exec VP & COO, Telephone: (403) 265 9091 (ext 234), Fax: (403) 265 9021, Email: info@altacanada.com; Brian Page, VP Finance & CFO, Telephone: (403) 265 9091 (ext 233), Fax: (403) 265 9021, Email: Info@altacanada.com

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ALTACANADA ENERGY CORP.

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