Dr. Gang Fang reports

ANTERRA ENERGY ANNOUNCES DEMAND BY LENDER TO REPAY OUTSTANDING INDEBTEDNESS

Anterra Energy Inc.'s lender, Canadian Western Bank (CWB), has made demand, upon the company as debtor, for payment in full of Anterra's outstanding indebtedness in the aggregate amount of approximately $10.2-million by April 21, 2016. In addition CWB has provided Anterra with a notice of intention to enforce security pursuant to Subsection 244 (1), of the Bankruptcy and Insolvency Act.

Anterra is pursuing alternative financing, including a private placement equity issue; however, there is no assurance that the company will be successful in securing such financing or if such a finacing can be secured prior to April 21, 2016.

To secure the safety of its operations, Anterra has undertaken a process of shutting in its operated/licensed wells and facilities, with the exception of its mid-stream facilities at Breton.