Antrim Energy (fka ATGYF)

[Ed Monton]

Antrim Completes Acquisition of Oil and Gas Fields in
Argentina

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(CCNMatthews - Feb. 14,
2005) - Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim") is pleased to
announce that it has completed the purchase of producing oil and natural
gas assets in the Tierra del Fuego region in southern Argentina.

The assets consist of a 25.78% working interest in three producing
exploitation concessions. The cost of the acquisition was approximately
US$5.7 million after closing adjustments, and was funded from existing
working capital. The acquisition adds approximately 140 bopd, 2.6 mmcf/d
of natural gas and 60 barrels of LPG's (butane and propane) per day to
Antrim's production. The effective date of the transaction was October
28, 2004.

Antrim is also pleased to report that an extensive 3-D seismic survey
has commenced over the Tierra del Fuego property. The survey will cover
300 km2 of prospective land and is expected to be completed within eight
weeks.

Stephen Greer, CEO of Antrim said "the successful acquisition of these
oil and gas fields strengthens our position in Argentina and underscores
our commitment to high net-back production growth, the acquisition
adding at least 100% to our current daily production in a duty and
tax-free area. Together with our partners, we believe that the new
properties will yield significant production increases through low risk
drilling. To capture these additional drilling opportunities we have
already initiated a comprehensive 300 km2 3-D seismic survey."

Antrim continues to focus on two primary areas, Argentina the site of
its latest production acquisition, and the UK where Antrim recently
announced the acquisition of additional interest in the North Sea Block
211/22a, the "Osprey Ridge."

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

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Antrim Energy Inc.
Stephen Greer
Chairman & CEO
[phone]
[phone] (FAX)
Email: [e-mail]
or
Antrim Energy Inc.
Dwayne Warkentin
Vice-President, Operations
[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.