Antrim Egy Regulatory News (AEY)

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: ANTRIM ENERGY INC.

TSX SYMBOL: AEN
AIM SYMBOL: AEY

January 16, 2012

Antrim Announces Spud of East Fyne Appraisal Well, UK North Sea

CALGARY, ALBERTA and LONDON, UNITED KINGDOM--(Marketwire - Jan. 16, 2012) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.

Antrim Energy Inc. (TSX:AEN) (AIM:AEY) ("Antrim" or the "Company"), Antrim, an international oil and gas
exploration and production company headquartered in Calgary, Canada, today announced that it has been notified
by operator Premier Oil UK Limited ("Premier") that drilling operations have commenced on the East Fyne
appraisal well in the UK Central North Sea block 21/28a (Antrim working interest 35.1%).

Well 21/28a-11 (the "East Fyne well") is located in the eastern portion of the Fyne Field, an Eocene Tay oil
accumulation located SW of and on trend with the producing NW Guillemot oil field. The well will be drilled at
no cost to Antrim, with Antrim's share of the costs carried by Premier under the terms of the Earn In Agreement
between Premier and Antrim for the joint development of the Greater Fyne Area (announced 06 Oct. 2010).

Independent reserve evaluator McDaniel and Associates Ltd., in their reserve evaluation report dated 31
December 2010, assigned proved plus probable reserves of 21.2 million barrels of oil ("MMBO") to the Fyne Field
(net 7.4 MMBO to Antrim).

The East Fyne well is located approximately three kilometres from the recently announced (30 Nov. and 22 Dec.
2011) Erne Eocene Tay discoveries. Antrim expects the East Fyne appraisal well will be incorporated into a
development plan for the Fyne Field and an overall strategy for the Greater Fyne Area.

Additional information concerning Antrim Energy is available at www.antrimenergy.com. Investor inquiries may be
directed to info@antrimenergy.com or 1-403-264-5111.

Forward-Looking Statements

Some of the statements in this announcement may be forward-looking including statements relating to the
expected length of drilling time. Forward-looking statements include statements regarding the intent, belief
and current expectations of Antrim Energy Inc. When used in this announcement, the words "anticipate",
"expect", "approximate" and similar expressions, whether used in connection with drilling activity, development
of Fyne or otherwise, are intended to identify forward-looking statements. Such statements are not promises or
guarantees, and are subject to risks and uncertainties that could cause actual outcome to differ materially
from those suggested by any such statements. The reader is cautioned that assumptions used in the preparation
of such information may prove to be incorrect. All such forward looking statements involve substantial known
and unknown risks and uncertainties, certain of which are beyond Antrim's control. Please refer to Antrim's
Annual Information Form for the year ended December 31, 2010 and dated March 28, 2011 and available for viewing
at www.sedar.com, for a list of risk factors. Antrim's actual results could differ materially from those
expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that
any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do
so, what benefits that Antrim will derive therefrom. All subsequent forward-looking statements, whether written
or oral, attributable to Antrim or persons acting on its behalf are expressly qualified in their entirety by
these cautionary statements. Furthermore, the forward-looking statements contained in this news release are
made as at the date of this news release.

In accordance with AIM guidelines, Mr. Kerry Fulton, P. Eng and Vice President Operations of Antrim, is the
qualified person that has reviewed the technical information contained in this news release. Mr. Fulton has
over 30 years operating experience in the upstream oil and gas industry.

FOR FURTHER INFORMATION PLEASE CONTACT:

Antrim Energy Inc.
Stephen Greer
President & CEO
(403) 264-5111
(403) 264-5113 (FAX)
greer@antrimenergy.com

OR

Antrim Energy Inc.
Scott Berry
Manager, Investor Relations
(403) 264-5111
(403) 264-5113 (FAX)
berry@antrimenergy.com

OR

Antrim Energy Inc.
Kerry Fulton
Vice President Operations
(403) 264-5111
(403) 264-5113 (FAX)
fulton@antrimenergy.com

OR

RBC Europe Limited
Martin Eales
+44 (0) 20 7029 7881

INDUSTRY: Energy and Utilities-Oil and Gas
SUBJECT: OEX

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