Dr. Gang Fang reports

ANTERRA ENERGY ANNOUNCES FILING OF SECOND QUARTER 2016 FINANCIAL STATEMENTS AND MD&A AND CORRECTION TO DISCLOSURE REGARDING CONVERTIBILITY OF INTERIM CCAA FUNDING

Anterra Energy Inc. has filed on SEDAR and on the company's website the financial statements and related management's discussion and analysis for the three and six months ended June 30, 2016.

Anterra also announces that it previously inaccurately referred to a $2.5-million loan, which has been made available to finance the company's proceedings under the Companies' Creditors Arrangement Act (Canada), as being "convertible." The loan has no convertibility feature either at the option of the company or the lender. The statement appears in Anterra's audited annual financial statements, and management's discussion and analysis for the year ended Dec. 31, 2015, as well as the interim financial statements, and management's discussion and analysis for the three-month period ended March 31, 2016, all of which were filed on July 28, 2016, and which are available at SEDAR.

The relevant excerpt from the disclosure documents is as follows,

"In conjunction with the CCAA application, the company has arranged for a $2.5 million interim convertible loan which is available to the company to fund the CCAA proceedings."

The corrected statement is as follows,

"In conjunction with the CCAA application, the company has arranged for a $2.5 million interim loan which is available to the company to fund the CCAA proceedings."

About Anterra Energy

Anterra is an independent, oil-focused junior exploration and production company operating in the Western Canadian Sedimentary basin. The company is actively engaged in the acquisition, development, and production of oil and natural gas while operating fee-based mid-stream assets.