AE.A

Anterra Energy Inc.  (TSX VENTURE:AE.A) ("Anterra" or the "Company") announces
that it has been advised by Terrex Energy Inc. ("Terrex") that the information
circular respecting the proposed arrangement (the "Arrangement"), whereby
Anterra will acquire 100% of the issued and outstanding common shares of Terrex,
is expected to be mailed to the holders of Terrex shares and warrants on or
about February 19, 2013. The special meeting of Terrex securityholders (the
"Meeting") is scheduled to be held on March 13, 2013, and the closing of the
transaction is expected to occur on or about March 14, 2013. The Company will
provide a further update on the details of the transaction when mailing of the
information circular has occurred. 


Corporate Update 

Anterra also announces it has filed restated financial statements, and the
related management's discussion and analysis, for the three and nine months
ended September 30, 2012. Subsequent to the issuance of the 2012 third quarter
financial report, Anterra determined that an error in the measurement of the
deferred tax expense (recovery) existed in the comparative information presented
in the financial report. The result of the error is that deferred income tax
recovery and net income for the three and nine months ended September 30, 2011
was overstated by $131,591 and $664,384, respectively. There was no impact to
net cash from operating activities. These error corrections had been
incorporated in Anterra's annual audited financial statements for the year ended
December 31, 2011. The full text of Anterra's restated consolidated financial
report and related management discussion and analysis can be found at
www.sedar.com and on Anterra's website at www.anterraenergy.com. 


Operations Update 

Anterra also advises that since first production on December 28, 1012, the
Pembina Buck Lake LSD 09-17 Cardium well has produced 14,141 barrels of oil
equivalent (boe). The well continues to flow at average rates of 185 barrels of
oil equivalent per day (boepd) comprised of 90 barrels of oil and 570 mcf of gas
per day at a tubing pressure of 1400 kpa. Anterra holds a sixty percent (60%)
working interest in the well and the balance of Section 17. 


At Abbott in south east Saskatchewan, the Company's Bakken test well at LSD
16-35-07-18W2M has reached core point. Following coring of an 18 meter section
through the Bakken the well will be drilled to the Duperow formation. Following
logging and coring, the Company will make a decision on whether to re-enter the
well and drill the horizontal leg. Anterra has farmed out the test well and
retains a fifty percent (50%) working interest in the test well and the
adjoining 26 sections of land following the expenditure by its joint venture
partner of $2 million.


About Anterra Energy Inc. 

Anterra Energy is an independent exploration, development and production company
with an emerging focus on the use of advanced exploration technologies including
3-D imaging, horizontal drilling and multi-stage completions to systematically
develop its portfolio of conventional and non-conventional oil and gas projects.
Complementing this strong exploitation and development focus, the Company owns
and operates fee-based midstream facilities in western Canada. Anterra is a
public Canadian company listed on the TSXV under the symbol AE.A. More
information about Anterra is available on the Company's website at
www.anterraenergy.com. 


Forward-Looking Information and Cautionary Statements 

This press release contains forward-looking information and statements within
the meaning of applicable securities laws and are based on the expectations,
estimates and projections of management of Anterra as of the date of this news
release unless otherwise stated. More particularly and without limitation, this
press release contains forward-looking information and statements concerning:
the timing and anticipated receipt of required regulatory, court and
securityholder approvals for the transaction; the ability of Anterra and Terrex
to satisfy the other conditions to, and to complete, the Arrangement; the
anticipated timing of the holding of the Terrex Meeting and the closing of the
Arrangement and management's assessment of future plans and operations and
capital expenditures and timing thereof. 


In respect of the forward-looking information and statements concerning the
anticipated timing for completion of the Arrangement, Anterra has provided such
in reliance on certain assumptions that it believes are reasonable at this time,
including assumptions as to the ability of Anterra and Terrex to receive, in a
timely manner, the necessary government, regulatory, court, securityholder,
stock exchange and other third party approvals; the ability of Anterra and
Terrex to satisfy, in a timely manner, the other conditions to the closing of
the Arrangement. The anticipated dates provided may change for a number of
reasons, including inability to secure necessary securityholder, government,
regulatory, court or other third party approvals in the time assumed or the need
for additional time to satisfy the other conditions to the completion of the
Arrangement. Accordingly, readers should not place undue reliance on the
forward-looking information and statements contained in this press release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Anterra Energy Inc.
Gang Fang
Chief Executive Officer
(403) 215-2383
(403) 261-6601 (FAX)
fangg@anterraenergy.com


Anterra Energy Inc.
Owen C. Pinnell
Chairman
(403) 215-2427
(403) 261-6601 (FAX)
pinnello@anterraenergy.com
www.anterraenergy.com

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