Mr. Joe DeVries reports

ALTIMA PROVIDES OPERATIONAL UPDATE ON THE RED EARTH AREA

After a thorough review of non-producing wells in the Red Earth area in Alberta, Altima Resources Ltd. has identified three additional Keg River wells to bring on production. Work on the three wells has begun and is expected to be completed in several days. This will bring the total number of producing wells to seven.

The company will be sequentially placing these wells back into production, all of which are connected to the Altima Panny pipeline, and flow through the pipeline to the 3-11 Blue Sky processing facility. The Panny pipeline continues to provide the company sustainable, year-round production capability from the Panny field.

The company is also adding equipment at the 3-11 Blue Sky processing facility to facilitate more accurate measurement of the production flowing through the Altima Panny pipeline. This work is expected to be completed within two weeks.

The company has completed a workover on the 11-22-31-24 W4M well in the Twining field as well as completing the acquisition of Primrose Drilling Ventures Ltd. and is in the process of reviewing potential additional production from the existing Primrose assets.

Joe DeVries, interim chief executive officer and president, commented, "We are very encouraged in this next step towards creating multiple long-term, sustainable, economic production."

Jamie Carlson, PEng, is the practising professional engineer responsible for reviewing and approving the data contained in this press release.

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