AMO Altan Rio Minerals Limited

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Ammonite Energy Ltd. (TSX VENTURE:AMO) ("Ammonite" or the "Company") announces
financial, operating and reserve results for the nine months ending December 31,
2008. The full text of Ammonite's audited financial statements for the
year-ended December 31, 2008, the notes thereto and related management's
discussion and analysis and Ammonite's reserves data and other oil and gas
information for the year ended December 31, 2008 as mandated by National
Instrument 51-101 Standards of Disclosure for Oil and Gas Activities can be
found at www.sedar.com.


Ammonite has 27,956,937 Common Shares issued and outstanding which trade on the
TSX Venture Exchange under the symbol "AMO".


Ammonite is a Calgary, Alberta based junior energy company primarily focused on
light oil exploration, development and production in the Wembley area of
northwest Alberta and Kindersley area of southwest Saskatchewan.


Ammonite is the result of a business combination with Ketchum Capital
Corporation ("Ketchum"), a capital pool company listed on the TSX Venture
Exchange, and Ketchum Acquisition Corporation pursuant to which Ketchum acquired
all of the issued and outstanding common shares of Ammonite. The Acquisition
constituted the Qualifying Transaction of Ketchum as defined in the policies of
the TSX Venture Exchange. On January 19, 2009, the shareholders of Ketchum
approved a change in the name of the Company from "Ketchum Capital Corporation"
to "Ammonite Energy Ltd." and the consolidation of its common shares on the
basis of one post-consolidation common share for every five pre-consolidation
common shares. On January 22, 2009, the post-consolidation common shares of the
Company commenced trading under the trading symbol "AMO".

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