Antrim Announces Results of Annual and Special Meeting and Director Update

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

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

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:

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 www.sedar.com 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 herein.