Anterra Issues Stock Options

    TSXV Symbol: AE.A and AE.B

    32,169,040 Class A Shares
    753,014 Class B Shares

    CALGARY, July 3 /CNW/ - Anterra Energy Inc. ("Anterra" or the "Company")
announces today that options to acquire an aggregate of 500,000 Class A shares
have been granted to William Johnson, the Company's new President and Chief
Operating Officer. The options have an exercise price of $0.37 per share,
which was the closing price of the Class A shares on July 2, 2008, and are
subject to standard vesting provisions and such other terms as are prescribed
by the TSX Venture Exchange policies. Mr. Johnson has also been appointed to
the board of directors of Anterra, as announced on June 25, 2008.

    About Anterra Energy

    Anterra Energy is an emerging energy company with a balanced portfolio of
lower risk conventional and non-conventional development projects and
high-impact exploration opportunities. The Company's growth strategy is to
increase reserves and production through focused development drilling while
continuing to explore its high-impact opportunities through joint ventures and
farm-out agreements. Complementing this strategy are Anterra's company-owned
and operated oil and gas production and associated fee-based midstream
facilities in western Canada. Anterra is a public Canadian company listed on
the TSX Venture Exchange under the symbols AE.A and AE.B. More information
about Anterra is available at

    Forward-Looking Information

    This news release contains forward-looking information related to the
Company's planned drilling program, production and operating costs. These
statements are based on current expectations that involve a number of risks
and uncertainties, which could cause actual results to differ from those
anticipated. These risks include, but are not limited to, risks associated
with the oil and gas industry (e.g., operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty
of estimates in relation to reserves, production and expenses; health, safety
and environmental risks; and the uncertainty of dealing with government and
obtaining regulatory approvals). Due to the risks, uncertainties and
assumptions inherent in forward-looking statements, prospective investors in
the Company's securities should not place undue reliance on them.

    Reader Advisory

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.

    %SEDAR: 00025272E

For further information:

For further information: Owen C. Pinnell, Chairman and Chief Executive
Officer, Anterra Energy Inc., Telephone: (403) 215-2427, Facsimile: (403)
261-6601, E-mail:

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