Antamena Capital completes Qualifying Transaction



    TORONTO, Aug. 26 /CNW/ - Antamena Capital Corp. (TSXV - symbol ANT.P), a
capital pool corporation, is pleased to announce the completion of its
Qualifying Transaction with Orca Minerals Limited ("Orca") of Toronto. The
agreed change of Antamena's name to XTIERRA RE

SOURCES LIMITED ("Xtierra") and the contemporaneous one-for-two share consolidation of its issued shares will be completed as soon as possible. About Orca Minerals Limited Orca, a wholly-owned subsidiary of Minco plc. (London AIM market - symbol MIO) incorporated in Ontario on July 17, 2007, is a natural resource company with the primary business objective of exploring for and developing base and precious metals deposits on properties in which it holds interests located in and around the Central Mexican Silver Belt in the States of Zacatecas and San Luis Potosi, Mexico (the "Properties"). The Company expects to initiate at the earliest opportunity feasibility studies on its Bilbao and Laguna Properties and, if warranted, to advance to commercial production. The Central Mexican Silver Belt generated the bulk of Mexico's silver production from the early colonial period to the present day and hosts many world class silver and base metal deposits. Orca's Properties consist of: - the Bilbao project, a polymetallic sulphide and oxide replacement prospect upon which Orca has recently completed a 14 hole in-fill drill programme to upgrade the existing resource into compliance with NI-43-101 requirements; - the La Laguna Pedernalillo (Laguna) tailings project, a silver-gold- mercury tailings reprocessing project upon which Micon International completed a bankable feasibility study in 2006, and produced a revised estimate of Proven and Probable reserves of 6,799,000 tonnes at 57.92g/t silver, 0.31g/t gold and 328.92g/t mercury in February 2008; and - over 18,000 hectares of exploration properties in three groupings identified as the Villa de Ramos, El Morro and Milagros Properties in the Panfilo Natera Mining District of Zacatecas and neighbouring San Luis Potosi, in the general vicinity of the Bilbao Project. Orca has completed $8.8 million in three private placement financings of special warrants since September 2007. Complete details of Orca's property holdings, their geology, past work and prospects are contained in Antamena's filing statement dated August 14, 2008 and in technical reports on each of the above properties prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators available on www.SEDAR.com. The Qualifying Transaction The Qualifying Transaction has been completed pursuant to a merger agreement (the "Merger Agreement") dated May 29, 2008, among Antamena, Orca and 1770082 Ontario Limited ("Subco"), a wholly-owned subsidiary of Antamena. The Merger agreement provides that Antamena will change its name to XTIERRA RE

SOURCES LIMITED and consolidate its 4,500,000 outstanding common shares on a one-for-two basis into 2,250,000 post-consolidation shares and Subco and Orca will amalgamate to form a new corporation to be named Orca Minerals Limited. Effective upon completion of the Qualifying Transaction: - The newly-amalgamated Orca Minerals Limited will be a wholly-owned subsidiary of Xtierra; - Each of the 17,612,000 previously issued special warrants of Orca will become equity securities of Xtierra and will be automatically exercised immediately thereafter resulting in the issue of an aggregate of 17,612,000 Xtierra Shares and 8,806,000 warrants to purchase Xtierra Shares; - all outstanding options to purchase Orca shares and Antamena shares (after adjustment for the one-for-two consolidation) will be exchanged for options to purchase Xtierra Shares upon the same terms; and - Xtierra will be a subsidiary of Minco plc. which will hold 30,000,003 Xtierra shares (60.1%) of Xtierra Minco plc. In addition to the holdings of Minco plc., a further 22.6% of the issued shares of Xtierra will be held by the Pacific Road group of funds which are managed or advised by Pacific Road Capital Management Pty. Limited ("PRCM") of Sydney, Australia. Xtierra will have 49,862,003 shares outstanding. The new management team of Xtierra will consist of John F. Kearney, Chairman, Terence N. McKillen, President and Chief Executive Officer, Danesh Varma, Chief Financial Officer and Neil J. F. Steenberg, Secretary. The Board of Directors will consist of John F. Kearney, Terence N. McKillen, Neil J. F. Steenberg, Lee Graber and Tim Gallagher. Full details of the Qualifying Transaction and the experience and qualifications of management and the Board are contained in Antamena's filing statement dated August 14, 2008 and available on www.SEDAR.com. Shares of Xtierra will commence trading under the symbol XAG on Tier 1 of the TSX Venture Exchange following the issue of the Exchange's final bulletin after filing of remaining documentation. Filings will be completed within the next 2 days. Letters of Transmittal will be sent to all current registered shareholders Antamena as soon as possible requesting that they send in all the certificates representing their shares of Antamena to be exchanged for post-consolidation shares of Xtierra. This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from this projected herein. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.

For further information:

For further information: Terence N. McKillen, President & Chief
Executive, (416) 362-8243 - ext. 4102, Email: info@xtierra.ca; Tim Gallagher,
(416) 925-0090, Email: tim@inflectioncapital.ca

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ANTAMENA CAPITAL CORP.

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ORCA MINERALS LTD.

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