Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) (TSX
VENTURE:AE.B) today announced that it has signed an Investment Agreement (the
"Agreement") with Alliance Success Holding Group Limited ("Alliance") under
which Alliance will invest, subject to the satisfaction of certain conditions,
up to $15 million in the Company (the "Transaction"). Under the terms of the
Agreement, on October 6, 2009, Alliance will purchase 40,000,000 Class A Shares
of Anterra for $0.075 per share for gross proceeds of $3.0 million (the "First
Investment") and on or before December 31, 2009, Alliance shall purchase a
further 150,000,000 Class A Shares of Anterra for $0.08 per share for gross
proceeds of $12 million (the "Second Investment") for a total investment of $15
million. The Transaction is subject to a number of conditions including
regulatory approval, the finalization of due diligence and minority approval of
the Anterra shareholders. The Agreement sets out the definitive terms and
conditions of the Transaction, including the condition that on or before
September 30, 2009, Alliance shall place a $500,000 deposit in trust with its
Canadian legal counsel subject to the closing of the First Investment. Alliance
also has the right, subject to regulatory approvals, to appoint up to three
directors to the board of directors of Anterra which shall be comprised of seven
directors, upon completion of the First Investment. The Company has also agreed
to pay to Research Capital Inc. and ISTDC Canada Inc. of Regina, Saskatchewan,
Finder's Fees of 4.4% cash of the total investment amount and 2,533,333 broker
warrants. The warrants have a term of two years and are exercisable into Common
Shares of Anterra at a price of $0.15 per share. Alliance is incorporated in
Hong Kong and is an investment holding company focused on developing resource
assets including minerals, oil and gas.


A special meeting of shareholders of Anterra has been scheduled for October 6,
2009 at 10:00 a.m. (Calgary time) at the offices of Macleod Dixon, to approve
the Transaction and the resulting change of control. The record date for the
meeting has been set at September 4, 2009 and the Information Circular for the
meeting was mailed on Friday, September 11, 2009.


The Transaction reflects the interest in Anterra's Lower Shaunavon resource
project in southwest Saskatchewan and the long term strategic value of this
asset which the Company believes has been substantially undervalued by the
market. Anterra's management chose Alliance as a financial partner over other
strategic alternatives due to Alliance's financial strength and their ability to
source additional capital from Asia which will be needed to accelerate the
development of the Company's Lower Shaunavon and Bakken projects. The
Calgary-based company said that drilling on its 10,000 acre Lower Shaunavon
project, which it operates, will commence in the fourth quarter of 2009 with
development continuing through 2010. The Company also plans to commence
exploratory drilling on its Saskatchewan Bakken lands in 2010.


The Company also advises that it has entered into a Forbearance Agreement (the
"Forbearance Agreement") with its principal lender (the "Bank"). Under the terms
of the Forbearance Agreement, the Company agreed to sell, refinance or
re-capitalize its operations by October 15, 2009 with the intention that all
long-term defaults will be eliminated by this date and the loan shall either be
repaid in full or the Company shall be re-financed. Also, under the terms of the
Forbearance Agreement, the Company agreed to meet certain interim deadlines to
demonstrate its progress toward eliminating long-term defaults within stated
time frames. In addition, effective August 1, 2009, the Company agreed to a
reduction of its revolving demand loan facility to $5,250,000 and the Company's
non-revolving acquisition and development facility has been cancelled. The
interest rate on the Company's operating loan has been increased to prime plus
2% and a forbearance fee of $100,000 will be paid to the Bank at the end of the
forbearance period.


About Anterra Energy

Anterra Energy is an independent exploration, development and production company
with an emerging focus on the use of advanced exploration technologies including
3-D imaging, horizontal drilling and multi-stage completions to systematically
develop its portfolio of conventional and non-conventional oil and gas projects.
Complementing this strong exploitation and development focus, the Company owns
and operates fee-based midstream facilities in western Canada. Anterra is a
public Canadian company listed on the TSXV under the symbols AE.A and AE.B. More
information about Anterra is available on the Company's website at
www.anterraenergy.com.


Reader Advisory:

This news release contains certain forward-looking statements, which include
assumptions with respect to (i) exploration strategy; (ii) future capital
expenditures; and (iii) financing strategy. The reader is cautioned that
assumptions used in the preparation of such information may prove to be
incorrect. All such forward-looking statements involve substantial known and
unknown risks and uncertainties, certain of which are beyond the Company's
control. Such risks and uncertainties include, without limitation, the ability
of the Company to reach settlement with certain of its creditors, risks
associated with oil and natural gas exploration, development, exploitation,
production, marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to retain
drilling rigs and other services, delays resulting from or inability to obtain
required regulatory approvals and ability to access sufficient capital from
internal and external sources, the impact of general economic conditions in
Canada and the United States, industry conditions, changes in laws and
regulations (including the adoption of new environmental laws and regulations)
and changes in how they are interpreted and enforced, increased competition, the
lack of availability of qualified personnel or management, fluctuations in
foreign exchange or interest rates, and stock market volatility. The Company's
actual results, performance or achievements could differ materially from those
expressed in, or implied by, these forward-looking statements and, accordingly,
no assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do, what
benefits, including the amount of proceeds, the Company will derive therefrom.
Readers are cautioned that the foregoing list of factors is not exhaustive. All
subsequent forward-looking statements, whether written or oral, attributable to
the Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update publicly or
to revise any of the included forward-looking statements, whether as a result of
new information, future events or otherwise, except as may be required by
applicable securities laws.


46,957,892 Class A Shares

753,014 Class B Shares