CALGARY, ALBERTA, August 30, 2010
Anterra  Energy  Inc  (TSXV:   AE.A)  (“Anterra”  or  the  “Company”)  announces  its  financial  and  operating  results  for  the  six  months  ended  June  30,  2010.  The  full  text  of the  Company’s  consolidated  financial  statements  and  related  management's  discussion  and  analysis  ("MD&A")  can  be  found  at: www.sedar.com and on the Company’s website at www.anterraenergy.com.

FINANCIAL AND OPERATING HIGHLIGHTS 

Three Months Three Months Six Months Six Months

30-Jun-10 30-Jun-09 30-Jun-10 30-Jun-09

Oil and Gas Production

Revenue 867,372 783,769 1,800,171 1,424,552

Royalties -61,008 -26,260 -127,893 -67,406

Gross overriding royalties 875 - 875 -

Net revenue 807,239 757,509 1,673,153 1,357,146

Operating costs 606,755 452,165 1,370,214 937,481

Oil and gas operating margin 200,484 305,344 302,938 419,665

Midstream Processing

Revenue 397,170 301,038 804,463 644,805

Operating costs 182,607 169,410 383,542 383,863

Midstream operating margin 214,563 131,628 420,921 260,942

Intersegment revenue and cost -29,765 -20,154 -57,793 -43,391

Total Net Revenue 1,174,644 1,038,393 2,419,823 1,958,560

Total Operating Costs 759,597 601,421 1,695,963 1,277,953

Total Operating Margin 415,047 436,972 723,860 680,607

Expenses

General and administration 538,472 338,165 1,064,103 669,755

Stock compensation - 75,208 - 84,373

Interest 20,181 53,169 35,211 108,672

Depletion, depreciation, accretion 597,425 567,442 1,149,660 1,190,883

Creditor settlements - -

Total Expenses 1,156,078 1,033,984 2,248,974 2,053,683

Net Loss Before Tax -741,031 -597,012 -1,525,114 -1,373,076

Provision For Taxes -197,652 -157,048 -429,792 -387,131

Net Loss -543,379 -439,964 -1,095,322 -985,945

Earnings (loss) per Class A share

Basic -0.002 -0.012 -0.005 -0.026

Fully Diluted -0.002 -0.012 -0.005 -0.026

Weighted Average Number of Class A

Shares In Thousands

244,488 38,001 236,201 38,001

Funds Flow From Operations -165,159 25,315 -397,007 -118,143

Second Quarter Review 

 During  the  second  quarter  of  2010,  the  Company  reviewed  its  management  requirements  with  a 

view  to  developing  effective  communication  protocols  and  procedures  with  its  Beijing  based 

directors  and  investment  group.  As  a  result,  Gang  Fang,  Ph.D.  of  Beijing  was  appointed  as  Chief 

Executive Officer of the Company. Mr. Fang is in the process of relocating to Calgary. 

 Also  during  the  quarter,  the  Company  completed  the  licensing  process  for  the  drilling  of  its  first  horizontal  Cardium  well  in  the  Pembina  area  on  Section  17,  Township  45,  and  Range  5W5M.  This  well is scheduled to commence drilling prior to the end of the third quarter, subject to the Company  finding a joint venture partner. 

Outlook 

With  conventional  production  from  the  Company’s  legacy  assets  continuing  to  decline,  Anterra  will  rely  on  production  growth  from  its  higher  impact  resource  projects  in  central  Alberta  and  Saskatchewan  to

create  value.  In  the Pembina  area,  the  Company  intends  to  joint  venture  the  drilling  of  the  first  horizontal  Cardium  well  before  preparing  a  development  plan  for  the  seven  sections  of  land  it  holds  in  the  area.  The  Company  is  also  considering  the  drilling  of  a  horizontal  Belly  River  well  on  its  Breton property.  In  Saskatchewan, the  Company  continues  to  seek  a  partner  to  participate  in  a  3‐  D  seismic  program on its 17 section block of Bakken lands in the Abbott area.   

The  management  and  directors  of  Anterra  appreciate  the  patience  and  support  of  shareholders  while  plans  are  developed  for  the  Company’s  resource  properties.  Managementis  committed  to  achieving  per share growth for investors, through the drilling of high quality, repeatable low risk resource projects   targeting primarily oil. 

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 symbol AE.A. More information about Anterra is available on the Company's website at www.anterraenergy.com.

For further information, please contact:

Reader Advisory:

This news release contains certain forward-looking statements, which include assumptions with respect to future operations. 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, risks associated with oil and natural gas exploration, development, exploitation, production, marketing and transportation, volatility of commodity prices, availability of 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, 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 there from. Readers are cautioned that the foregoing list of factors is not exhaustive. A BOE conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.