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Antrim Energy (AEY)

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Wednesday 31 August, 2016

Antrim Energy

Antrim Announces Results of Annual and Special Meeting and Director Update



August 30, 2016

Antrim Announces Results of Annual and Special Meeting and Director Update

CALGARY, ALBERTA--(Marketwired - Aug. 30, 2016) -


Antrim Energy Inc. ("Antrim" or the "Corporation") (TSX VENTURE:AEN)(AIM:AEY), an international oil and gas
exploration company, confirms that all resolutions put to shareholders at Antrim's Annual and Special Meeting
of Shareholders (the "Meeting") held on August 30, 2016 were duly passed. A total of 71,089,939 common shares
representing 38.48% of Antrim's issued and outstanding common shares (the "Common Shares") were voted in person
or by proxy in connection with the Meeting.

All the nominees proposed as directors were duly elected as directors of Antrim by a majority of the votes cast
by the shareholders present or represented by proxy at the Meeting, as follows:


Nominee                   Number of Common Shares  % of Common Shares
Stephen Greer             59,902,938               93.00
Erik Mielke               60,237,488               93.52
Jim Perry                 60,237,488               93.52
Anthony Potter            60,238,038               93.52


The resolution to approve the voluntary dissolution of the Corporation (the "Dissolution Resolution"), the
resolution to voluntarily de-list the Common Shares from the TSX Venture Exchange (the "TSXV-Delisting
Resolution") and the resolution to cancel admission of the Common Shares on the AIM Market ("AIM") operated by
the London Stock Exchange plc. (the "AIM Cancellation Resolution"), all received the requisite number of votes
necessary to pass each resolution. With approval of the AIM Cancellation Resolution now having been received,
it is expected that admission of trading the Common Shares on AIM will be cancelled with effect from 7:00 am
(UK time) on September 9, 2016.

Subsequent to the Meeting, and in furtherance of the Corporation's efforts to reduce costs following approval
of the Dissolution Resolution by the shareholders, Mr. Erik Mielke tendered his resignation as a director of
the Corporation. The Board would like to thank Erik for all of his contributions to the Corporation.

Further details regarding the implementation of the Dissolution Resolution and TSXV-Delisting Resolution will
be provided through news release(s) of Antrim.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

Forward-Looking and Cautionary Statements

This press release contains certain statements or disclosures that may constitute forward-looking statements or
information ("forward-looking statements") under applicable securities laws. All statements and disclosures,
other than those of historical fact, which address activities, events, outcomes, results or developments that
management or the directors of the Corporation, anticipate or expect may or will occur in the future (in whole
or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be
identified by terms such as "forecast", "future", "may", "will", "expect", "anticipate", "believe",
"potential", "enable", "plan", "continue", "contemplate", "pro forma" or other comparable terminology.

Forward-looking statements presented in such statements or disclosures may, among other things, relate to the
timing and completion of the cancellation of the Common Shares on AIM, and the timing of implementation of the
Dissolution Resolution and the TSXV De-listing Resolution.

Various assumptions or factors are applied in drawing conclusions or making the forecasts or projections set
out in forward-looking statements. Those assumptions and factors are based on information currently available
to the Corporation. In some instances, material assumptions and factors are presented or discussed elsewhere in
this Press Release in connection with the statements or disclosure containing the forward-looking statements.

Shareholders are cautioned that the following list of material factors and assumptions is not exhaustive. The
factors and assumptions include, but are not limited to:


--  receipt of all required regulatory approvals;
--  the ability to dissolve the Corporation; and
--  risks associated with the oil and gas industry.


The forward-looking statements or disclosures in this Press Release are based (in whole or in part) upon
factors which may cause actual results, performance or achievements of the Corporation to differ materially
from those contemplated (whether expressly or by implication) in the forward-looking statements. Those factors
are based on information currently available to the Corporation including information obtained by the
Corporation from third party sources. Actual results or outcomes may differ materially from those predicted by
such statements or disclosures. While the Corporation does not know what impact any of those differences may
have, its business, results of operations, financial condition and its credit stability may be materially
adversely affected. Factors that could cause actual results, performance, achievements or outcomes to differ
materially from the results expressed or implied by forward-looking statements include, among other things the
risks associated with legislative and regulatory developments or changes that may affect costs, timing, taxes,
revenues and general economic conditions in geographic areas where the Corporation and its subsidiaries
operate, timing and extent of changes in prevailing interest rates, currency exchange rates and changes in
counterparty risk.

Readers are also specifically referred to "Dissolution of the Corporation - Risk Factors" in the information
circular of the Corporation dated July 26, 2016 for the Meeting which is available on Antrim's SEDAR profile at for additional assumptions and risk factors relating to the proposed Dissolution.

The Corporation cautions Shareholders that the above list of risk factors is not exhaustive. Other factors
which could cause actual results, performance, achievements or outcomes of to differ materially from those
contemplated (whether expressly or by implication) in the statements or disclosure containing forward-looking
statements are disclosed in the Corporation's publicly filed disclosure documents.

The forward-looking statements contained in this analysis are expressly qualified by this cautionary statement.
The Corporation is not obligated to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by applicable laws. Because of the risks,
uncertainties and assumptions contained herein, readers should not place undue reliance on forward-looking
statements or disclosures. The foregoing statements expressly qualify any forward-looking statements contained


Anthony Potter
President, Chief Executive Officer and
Chief Financial Officer
Antrim Energy Inc.
Telephone: + 1 403 264 5111
E-mail: [email protected]


RFC Ambrian Limited
Will Souter or Indra Ruthramoorthy
Telephone: +612 9250 0000

Antrim Energy Inc.

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