Antrim Energy (fka ATGYF)

[Ed Monton]

Antrim Corporate Update

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Jan. 18,
2005) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") announced
today that it has exercised a right to acquire an additional 18.19%
working interest in UK North Sea Licence P.201 (Block 211/22a, "Osprey
Ridge"). The acquisition will increase Antrim's interest in the Block
from 57.6% to 75.79%. Closing of the purchase is expected to occur prior
to the end of January 2005.

Antrim also announces that Mr. Murray Sinclair has resigned from the
Board of Directors. Antrim would like to thank Mr. Sinclair for his many
contributions since joining the Board in October 2002. Mr. Sinclair's
insight and valuable input will be missed.

Certain statements contained in this press release may be considered as
"forward looking". Such "forward looking" statements are subject to
risks and uncertainties that could cause actual results to differ
materially from estimated or implied results.

Updated information about Antrim can be accessed on its website:
www.antrimenergy.com

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FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Keith Skipper
Executive Vice-President
[phone]
[phone] (FAX)
Email: [e-mail]
Website: www.antrimenergy.com
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.