Altima Resources Ltd. and Unbridled Energy Corporation announced the completion of the plan of arrangement between the companies. The completion of the Arrangement was subject to final court approval from the Supreme Court of British Columbia and final acceptance by the TSX Venture Exchange, which were obtained on February 9, 2010 and February 10, 2010, respectively. As part of the Arrangement, Robert Penner has been appointed to the Board of Directors of Altima.

Altima Resources Ltd. reported unaudited earnings results for the third quarter and nine months ended August 31, 2009. For the quarter, the company reported net loss and comprehensive loss of CAD 195,831 or CAD 0.00 per basic and diluted share compared to net loss and comprehensive loss of CAD 325,008 or CAD 0.01 per basic and diluted share for the same period a year ago. Loss before income taxes was CAD 195,831 against CAD 325,008 last year. Cash used in operating activities was CAD 1,627 compared to CAD 860,279 for the same period a year ago. Investments in oil and gas properties and equipments were CAD 76,250 against CAD 9,691 last year. For the nine months, the company reported net loss and comprehensive loss of CAD 759,810 or CAD 0.01 per basic and diluted share compared to net loss and comprehensive loss of CAD 343,753 or CAD 0.01 per basic and diluted share for the same period a year ago. Loss before income taxes was CAD 1,313,010 against CAD 847,143 last year. Cash used in operating activities was CAD 129,001 against CAD 1,508,924 for the same period a year ago. Investments in oil and gas properties and equipments were CAD 584,092.

Altima Resources Ltd. announced that Richard Barnett, CGA, has been appointed as Chief Financial Officer and Secretary of the company, taking the place of Tom Needham. Mr. Barnett acts as a Controller for several other public companies, including ARH since August 2007, and he is Chief Financial Officer and Secretary for three other public companies.