AMO Altan Rio Minerals Limited

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Ammonite Energy Ltd. (TSX VENTURE:AMO) ("Ammonite" or the "Company") announces
unaudited financial and operating results for the three months ended June 30,
2009. The full text of Ammonite's unaudited financial statements for the three
months ended June 30, 2009, the notes thereto and related management's
discussion and analysis can be found at www.sedar.com.


As previously announced, Ammonite closed its private placement financing in
early August raising $2,681,778 which leaves the Company in a positive working
capital position. Funds from the financing will be used for development of its
Saskatchewan and Wembley light oil prospects. Ammonite will commence drilling
its first horizontal well on its Flaxcombe, Saskatchewan property in early
September with additional locations being licensed for drilling later in 2009.


Ammonite currently has 36,896,197 Common Shares issued and outstanding which
trade on the TSX Venture Exchange under the symbol "AMO".


Ammonite is a Calgary, Alberta based junior energy company primarily focused on
light oil exploration, development and production in the Wembley area of
northwest Alberta and Kindersley area of southwest Saskatchewan.


Ammonite is the result of a business combination with Ketchum Capital
Corporation ("Ketchum"), a capital pool company listed on the TSX Venture
Exchange, and Ketchum Acquisition Corporation pursuant to which Ketchum acquired
all of the issued and outstanding common shares of Ammonite. The Acquisition
constituted the Qualifying Transaction of Ketchum as defined in the policies of
the TSX Venture Exchange. On January 19, 2009, the shareholders of Ketchum
approved a change in the name of the Company from "Ketchum Capital Corporation"
to "Ammonite Energy Ltd." and the consolidation of its common shares on the
basis of one post-consolidation common share for every five pre-consolidation
common shares. On January 22, 2009, the post-consolidation common shares of the
Company commenced trading under the trading symbol "AMO".

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