TER Terrex Energy

Anterra Energy Inc. ("Anterra" or the "Company") (TSX VENTURE:AE.A) and Terrex
Energy Inc. ("Terrex") (TSX VENTURE:TER) are pleased to announce the completion
of the previously announced business combination by way of a court and
securityholder approved, statutory plan of arrangement (the "Arrangement").


Effective March 14, 2013, Anterra acquired 100% of the issued and outstanding
common shares in the capital of Terrex ("Terrex Shares"), in exchange for Class
A common shares in the capital of Anterra ("Anterra Shares"). Accordingly,
trading in the Terrex Shares has been halted, pending delisting from the TSX
Venture Exchange.


Under the terms of the Arrangement, holders of Terrex Shares have received, in
exchange for each Terrex Share held, 0.307 of an Anterra Share. Anterra also
announces completion of the settlement arrangements with Sandstorm Metals &
Energy Ltd. and 0905896 BC Ltd. (collectively, "Sandstorm") on the terms
previously disclosed. Under the Arrangement and the settlement with Sandstorm,
Anterra has issued an aggregate of approximately 34 million Anterra Shares.


Pursuant to the Arrangement, Anterra has acquired Terrex's 100% working interest
development properties at Two Creek and Strathmore, Alberta, comprised of
approximately 8,200 acres of land and related infrastructure, with average
February 2013 production of approximately 165 boe per day. When combined with
Anterra's core assets in the Cardium light oil resource play and the Breton
Belly River exploitation project in the Pembina area of central Alberta and the
Bakken light oil play in Abbott, Saskatchewan, the combined company has a lower
risk "oily" development drilling inventory. In addition, the combined company
intends to look for opportunities to acquire stable, low decline assets with
attractive netbacks. 


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 as of the date of this news release
unless otherwise stated. The use of any of the words "expect", "anticipate",
"continue", "estimate", "objective", "ongoing", "may", "will", "project",
"should", "believe", "plans", "intends" and similar expressions are intended to
identify forward-looking information or statements. More particularly and
without limitation, this press release contains forward-looking information and
statements concerning: the anticipated benefits of the Arrangement to Anterra
and Terrex and their respective shareholders, including anticipated synergies;
Anterra's intention to seek out acquisition opportunities; and the anticipated
cash flow of the combined company post-Arrangement.


In respect of the forward-looking information and statements concerning the
anticipated benefits and completion of the proposed Arrangement, Anterra has
provided such in reliance on certain assumptions that it believes are reasonable
at this time, including assumptions as to expectations and assumptions
concerning, among other things: commodity prices and interest; planned
synergies, capital efficiencies and cost-savings; anticipated cash flow of the
combined company following the Arrangement; applicable tax laws; future
production rates; the sufficiency of budgeted capital expenditures in carrying
out planned activities; and the availability and cost of labour and services.
Accordingly, readers should not place undue reliance on the forward-looking
information and statements contained in this press release. In respect of the
forward-looking information and statements, Anterra has provided such in
reliance on certain assumptions that it believes are reasonable at this time,
including assumptions in respect of: prevailing commodity prices, margins and
exchange rates; that Anterra's future results of operations will be consistent
with past performance and management expectations in relation thereto; the
continued availability of capital at attractive prices to fund future capital
requirements relating to existing assets and projects, including but not limited
to future capital expenditures relating to expansion, upgrades and maintenance
shutdowns; the success of growth projects; future operating costs; that
counterparties to material agreements will continue to perform in a timely
manner; that there are no unforeseen events preventing the performance of
contracts; and that there are no unforeseen material construction or other costs
related to current growth projects or current operations. 


Since forward-looking information and statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a
number of factors and risks. These include, but are not limited to the risks
associated with the industries in which Anterra operates in general such as:
operational risks; delays or changes in plans with respect to growth projects or
capital expenditures; costs and expenses; health, safety and environmental
risks; commodity price, interest rate and exchange rate fluctuations;
environmental risks; competition; failure to realize the anticipated benefits of
the Arrangement and to successfully integrate Terrex and Anterra; ability to
access sufficient capital from internal and external sources; and changes in
legislation, including but not limited to tax laws and environmental
regulations. 


The forward-looking information and statements contained in this press release
are made as of the date hereof and Anterra undertakes no obligation to update
publicly or revise any forward-looking information or statements, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws.


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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