News Release

Altan Nevada about to Commence Drilling – Venus Copper Project

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VANCOUVER, BC, Canada (August 02, 2019) – Altan Nevada Minerals Limited (TSXV: ANE) (the “Company”) is pleased to announce the commencement of the companies maiden drilling program on the Venus copper gold target, Yerington District, Nevada, USA.

Highlights:

  • Drilling contract signed
  • Drilling approvals received
  • Drilling to commence in August

With all approvals now in place and the drilling contract signed, the Company is excited about the prospect of drilling the Venus Prospect.

Drill locations have all been confirmed and sighted with minor earthworks expected to be completed within two weeks in preparation for the arrival of the drill rig on or around the 18th August 2019.

Leading geo-scientific exploration consultants, Terra Resources Pty Ltd, has identified a total of seven high priority targets to test the potential of Venus to host copper gold mineralisation. Surface geology/ geochemistry, ground magnetics, gravity and induced polarization (IP) surveys have been used to plan and prioritize drilling (Figure 1).

In addition to the drilling Altan Nevada recently expanded its claim position by 97 claims (see the Company’s press release dated 1/8/2019). Altan Nevada’s Venus Project now consists of 208 unpatented mining claims covering approximately 4,169 acres (~16.9 km²), all situated on Bureau of Land Management (Federal) land all along strike from the Pumpkin Hollow mineralisation.

The next stage of the exploration program at the Venus Project is to complete the drilling and submit soil samples for assay on the new claims to the south.

Figure 1 – Altan Nevada’s new Venus South claims are shown in blue and existing claims in black. Results of government regional airborne magnetic data shown as colour image. Also shown are Nevada Copper’s deposit locations (red) with mapped structures in black and Altan Nevada’s proposed drilling locations (blue dots) with IP targets in pink/red.

The technical and scientific information in this news release has been reviewed and approved by Barry Bourne BSc (Hons), FAIG, MSEG, MAICD, the Company’s VP Exploration, Mr. Bourne is a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators, and a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.

On behalf of Altan Nevada Minerals Limited

For more information contact:

John L C Jones AM – Chairman

Email: [email protected]

+61 9322 1788

Paul Stephen – CEO

Email: [email protected]

+61 9322 1788

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release

The technical and scientific information in this news release has been reviewed and approved by Barry Bourne, the Company’s VP Exploration, Mr. Bourne is a Qualified Person as defined in National Instrument 43-101 of the Canadian Securities Administrators, and a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves.