CALGARY, ALBERTA, February 2, 2010
Anterra Energy Inc. (“Anterra” or the “Company”) is pleased to provide this update on recent land acquisition and drilling activities.

Cardium Lands Acquired

The Company announces that following the recent crown land sale, it now holds seven (7) sections of land (4,480 net acres) over the emerging Cardium light oil play in the Company’s core area of Buck Lake/Breton. Management is presently assessing its drilling plans for the lands which are also prospective for Viking oil and gas and will be making further announcements in the near future with respect to the development of these properties. These lands considerably expand the Company’s drilling inventory of horizontal well opportunities.

Drilling Activity

The Company advises that at Matziwin in Alberta, the short leg horizontal oil well drilled by a joint venture partner at LSD 5-15-23-14W4M (40% interest before payout, 45% interest after payout) has been placed on production. Production rates over the next 30 days will determine whether an acid stimulation is needed to optimize well performance. The well is producing an estimated 6 m per day of fluid with an 85% oil cut. The Company has a number of 100% owned locations to drill on its Matziwin lands.

The Company also advises that the first horizontal Lower Shaunavon well at LSD 4-12-2-21W3M in the Claydon area of Saskatchewan was drilled in December to evaluate and delineate the extent of the Lower Shaunavon resource in that area. This well did not encounter the productive zone and has subsequently been abandoned. The Company will provide more details on its technical interpretation of this well and its plans for further drilling on the property in the near future. At Frontier in Saskatchewan, the Company is cleaning out the horizontal leg of the Lower Shaunavon well at LSD 1507-4-20W3M and the well will be returned to production once the work has been completed.

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.

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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.