The re-emergence of a strong junior exploration and producing sector is extremely important to Canada’s oil and gas industry. This sector has historically driven a great deal of growth, usually drilling risk/reward plays that were outside the criteria of Royalty Trusts and were too small for the big producers. Junior exploration and production companies have found niche opportunities to establish and grow their companies. Management and the Board are pleased with Altima’s progress over the past year. Last year our capital was directed to assemble the land base and working interest required to go forward with the exploration prospect inventory assembled by our technical team. This year Altima’s capital program is directed to increasing our production capacity with additional gathering lines and compression facilities, and toward new drilling to expand the reserve base and production capacity.

I would like to thank our shareholders for their support and the Board of Directors for their hard work as we embark on transitioning Altima into a leading Junior Oil and Gas explorer and producer.

Richard W. Switzer
President & CEO
Altima Resources Ltd.