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By Michael Washbourne

Nearby corporate activity and the imminent start of drilling at its Venus copper project in the US has Australian explorer Altan Nevada Minerals Ltd bracing for a big finish to 2019.

TSX-listed Altan is set to kick off a new drilling programme to test whether mineralisation from the neighbouring Pumpkin Hollow development continues south into its Venus project.

It comes as prolific copper producer Hudbay Minerals Inc completes a $US30 million takeover of Mason Resources, one of four key players alongside Altan in the copper-rich State Of Nevada.

“That really puts the focus on the area as a great copper development arena and will make for a very interesting scenario should our Venus project deliver the results we expect and prove to potentially be another mine in the Yerington district,” Altan chief executive Paul Stephen told Paydirt.

Pending the award of the required permits, Altan is planning to start drilling at Venus before the end of the month. Contracts for water, earthworks and drilling were recently awarded after the company’s new vice-president exploration Barry Bourne physically sighted and pegged the proposed holes for the programme, as required by Nevada mining laws.

Bourne, formerly head geophysicist for Barrick Gold Corp based in Nevada, also recently met with Altan founder Kelly Cluer — now head of exploration, North America, at Kinross Gold Corp — to discuss the potential outside of the gazetted Venus project area.

“Some of the projects that we’ve inherited look to be very attractive and we will be beginning work programmes on those in parallel to drilling Venus,’ Stephen said.

“It was a pretty productive trip from Barry’s perspective and it looks like we’ve got a couple of projects there that might be real surprise packages. And we will certainly be looking to acquire more ground in and around the existing project that we have.”

Chaired by well-known mining identity John Jones and supported by directors Stephen and Bourne, Altan has also recalibrated a previously disorganised database of project information into a new modernised system, something Stephen said would help the company with potential acquisitions.

Altan’s review of the historic geochemistry, geophysics, and magnetics has suggested Venus shares multiply characteristics to Pumpkin Hollow which is imminently set to become the first new copper mine developed in the US in more than a decade.

“What we hope to achieve at Venus is to prove up firstly that the anomaly that we’ve got is a copper mineralised sulphide,” Stephen said.

“Our neighbour Pumpkin Hollow is both open pits and underground. At the moment they are focused very strongly on completing the build of their mill and their underground which is less than a mile from Our drill targets. so we are drilling in very, very close proximity to a near-complete null and underground operation with four satellite open pits.

“We would hope to prove up something that was shallow and open-pittable, but we’re not going to know that until we drill it.”

Stephen, who spent more than a decade With Brazil-focused gold explorer Crusader Resources (now Big River Gold Ltd), said the promising future outlook for copper, coupled with Nevada’s low jurisdictional risk, should garner market attention for Altan should it deliver on the exploration front.

“Earlier in the year we attended a panel discussion hosted by the heads Of some of the largest funds globally and they were asked the question of where they would like to invest their dollars in the minerals sector,” Stephen said.

“All of them unanimously said copper in safe jurisdictions, and when they mean safe jurisdictions, Nevada shows up really as No. 1 on everyone’s books.”

“A lot of the big copper mines are challenged by a lack of new discovery a lack of new development, but what’s really put something of a pause on that has been the commodity price sliding with the trade wars between the US and China.

“I don’t think anybody sees that as being a long-term dynamic, so as that situation resolves itself and as a deficit of copper supply just continues to grow, at some point in time we’re going to see a resurgence of the commodity price.” 

30 May 2019 – Vancouver, British Columbia: Altan Nevada Minerals Limited (the “Company” or “Altan Nevada”) (TSX-V:ANE) announces that the Company has accepted the resignation of Evan Jones as Chief Executive Officer. Mr Evan Jones will continue to serve as a non-executive Director of the company. Altan Nevada’s Chairman Mr John Jones wishes to thank Evan for his service to the Company on behalf of all shareholders and appreciate his desire to remain a director of the Company moving forward.

As a result of Mr. Jones’ resignation, the Company is pleased to announce that Paul Stephen has been appointed Chief Executive Officer and Corporate Secretary. The Company has also appointed Barry Bourne as Vice President of Exploration.

Mr. Stephen has also joined the Company’s board of directors, to hold office until the next annual meeting of the Company. It is the intention of Company management to nominate Mr. Bourne as a director of the Company and seek shareholder approval to fix the number of directors at six at the next annual general meeting of the Company.

Mr Stephen has a Bachelor of Commerce degree from the University of Western Australia and is a member of the Australian Institute of Company Directors. He has held directorships across both ASX and London publicly listed companies and has a strong knowledge of operations and compliance across multiple jurisdictions. Mr Stephen Co-founder and Executive Director of Crusader Resources Ltd oversaw the discovery, development and operations of the Posse Iron Ore mine in Brazil.  In addition Mr Stephen managed the discovery and delineation of over 2.6 million ounces of gold whilst operating in Brazil resulting in the company being valued at over $160M. Mr Stephen has extensive operational experience in mine site servicing and contracting as a founder and Managing Director of Integrated Fuel Services a West Australian company specialising in providing fuel services to mining and aviation throughout Western Australia.

Barry Bourne BSc(Hons), FAIG, MSEG, MAICD is a Principal and Founder of Terra Resources Geophysical and Geological consultants. Barry has advanced global knowledge of targeting epithermal and porphyry style mineralization which includes three years in the USA exploring for porphyry and Carlin style gold mineralisation in Utah and Nevada. He also has six years in-country exploration experience in Papua New Guinea, Africa and South America and is jointly credited with exploration success at Casale, Chile (Luciano Cluster), Kabanga, Tanzania (extension), Tusker, Tanzania (Kilimani Zone) and Ruby Hill, USA (Bullwhacker Extension).  Up until 2013 he was Chief Geophysicist for Barrick Gold and is now a mineral exploration consultant to private and public international exploration groups.  Barry graduated in geology and geophysics from the University of Western Australia (UWA).  He is a Fellow of the Australian Institute of Geoscientists and is currently on the technical advisory committee for UWA Centre for Exploration Targeting.

About Altan Nevada’s Venus Copper Project
The Company’s Venus Copper Project (the “Venus Project“) is located within the Yerington copper porphyry district in the Walker Lane mineralized belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement of development of Nevada Copper Corp.’s (TSX:NCU) Pumpkin Hollow Copper Mine (“Pumpkin Hollow“) immediately to the north and less than one mile from the tenement boundary which is expected to produce an average 50 million pounds of copper annually over 23 years commencing mid-2019. A news release highlighting the most recent exploration activities and potential for the Venus Project was released on February 5, 2019. The Venus Project is considered to have the potential for the discovery of new deposits of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried porphyry-style copper mineralization with characteristics similar to Pumpkin Hollow.

Forward-looking Statements
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Altan Nevada to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These forward-looking statements are based on management’s current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Actual results may differ materially from those currently anticipated in such statements, and the Company undertakes no obligation to update such statements, except as required by law.

On behalf of Altan Nevada Minerals Limited

For more information contact:

John L C Jones                                                       
Email: [email protected]                               
+61 9322 1788                                                             

Paul Stephen
Email: [email protected]
+61 9322 1788

Altan Nevada Minerals Ltd (1) (C:ANE)
Shares Issued 83,099,226
Last Close 3/15/2019 $0.03
Friday March 15 2019 – News Release

Mr. John Jones reports

ALTAN NEVADA MINERALS LIMITED ANNOUNCES SHARE CONSOLIDATION

Altan Nevada Minerals Ltd., following the approval of the company’s shareholders obtained Oct. 5, 2018, has consolidated its issued and outstanding shares at a ratio of one postconsolidation share for two preconsolidation common shares, effective as of March 18, 2019. No fractional common shares will be issued as a result of the consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional share as a result of the consolidation shall be rounded up to the next higher whole number if the fraction is 0.5 or greater and rounded down to the next lower whole number if the fraction is less than 0.5.

The company’s common shares will commence trading on the TSX Venture Exchange on a postconsolidation basis at the start of trading on March 18, 2019.

Holders of common shares of the company who hold uncertificated common shares (including shares held through a brokerage account and/or not represented by a physical share certificate) have had their holdings electronically adjusted by the company’s transfer agent or by their brokerage firms, banks, trust or other nominees. Such holders do not need to take any additional actions to exchange their preconsolidation common shares for postconsolidation common shares. Letters of transmittal have been mailed to all registered shareholders holding share certificates with instructions on how to exchange existing share certificates or DRS advice for new share certificates or DRS advice. A letter of transmittal is also available on SEDAR and on the company’s website.

Prior to implementing the consolidation, the company had 83,099,226 common shares issued and outstanding, and immediately after implementing the consolidation the company will have 41,549,634 common shares issued and outstanding.

The company’s new Cusip number is 02144U205 and its new ISIN is CA02144U2056.

For additional information regarding the consolidation, please refer to the company’s notice of special meeting of shareholders and information circular dated Aug. 18, 2018.

© 2019 Canjex Publishing Ltd.

VANCOUVER, March 8, 2019. Altan Nevada Minerals Ltd. (TSX.V ANE) (“Altan Nevada” or the
“Company”) is pleased to announce it has closed a private placement to raise capital for the continued
exploration and drilling at the company’s 100% owned Venus Copper Project. The Company also
announced it will undertake a 2:1 consolidation of its common shares following the Private Placement.

Private Placement

The Company has closed a non-brokered private placement to raise gross proceeds of $1,132,240.65
through the sale of units at a price of $0.025 per unit (the “Private Placement”). Each unit consists of one
common share of the Company and a share purchase warrant entitling the holder to acquire an additional
common share at a price of $0.05 for a period of three years following closing. In connection with the
closing of the Private Placement, the Company paid finder’s fees of $39,000 and issued 780,000 common
shares to CED Capital Limited. Following the closing of the Private Placement, the Company will have
83,099,226 common shares issued and outstanding.
The units sold in the Placement, and any shares issued on the exercise of the warrants comprising these
units, are be subject to a resale hold period under applicable Canadian securities laws which expires on
July 9, 2019.

Use of Proceeds

The $1,132,240.65 in gross proceeds are intended to be applied broadly as follows:

Further to the payments of existing trade creditors, the Company intends to settle debts of $1,031,706
(the “Debts“) with its remaining creditors through the issuance of shares for debt, subject to final approval
of the TSX Venture Exchange (“TSX-V“), following the Share Consolidation (as defined below). Pursuant
to the proposed shares for debt transaction, the Company intends to issue 20,634,130 common shares
and 16,919,074 share purchase warrants entitling the holder to acquire a common share to settle the
Debts. Substantially all of the Company’s remaining creditors, who are owed in the aggregate
approximately $150,000, have agreed not to require repayment of their debts prior to December 2019,
although the Company may enter into settlement agreements respecting the debts with some or all of its
creditors at any time.

Share Consolidation

At a special meeting of the shareholders on October 5, 2018, the shareholders approved by special
resolution that the authorized share structure of the Company be altered by consolidating all of the issued
common shares without par value on a 2:1 basis, such that every two (2) pre-consolidation common
shares will be consolidated into one (1) post-consolidation common share; (the “Share Consolidation“).
Accordingly, when the Share Consolidation is put into effect, a total of 41,549,613 common shares in the
capital of the Company would be issued and outstanding following the Share Consolidation, assuming no
other change in the issued capital.

Pursuant to the Share Consolidation, registered shareholders will be required to exchange the share
certificates representing their pre-consolidation common shares. Following the announcement by the
Company of the effective date of the Share Consolidation, registered shareholders will be sent a letter of
transmittal from Computershare (the “Transfer Agent“). The letter of transmittal will contain instructions on
how to surrender the share certificate(s) or DRS advice representing the pre-consolidation common shares
to the Transfer Agent. The Transfer Agent will forward to each registered shareholder who has sent the
required documents a new share certificate or DRS advice representing the number of post-consolidation
common shares to which the shareholder is entitled. Until surrendered, each share certificate representing
pre-consolidation common shares of the Company will be deemed for all purposes to represent the number
of whole post-consolidation common shares to which the holder is entitled as a result of the Share
Consolidation. Shareholders should not destroy any share certificate(s) and should not submit any share
certificate(s) until requested to do so.

Non-registered shareholders holding their common shares through a bank, broker or other nominee
should note that such banks, brokers or other nominees may have different procedures for processing the
Share Consolidation than those that will be put in place by the Company for registered shareholders.

Altan Nevada’s Venus Property Exploration Plans

The Venus Project is located within the Yerington copper porphyry district in the Walker Lane mineralized
belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and easily
accessible by both paved and dirt roads.

Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement
of development of Nevada Copper Corp.’s (TSX:NCU) (“Nevada Copper”) Pumpkin Hollow Copper Mine
immediately to the north and less than one mile from the tenement boundary which is expected to
produce an average 50 million pounds of copper annually over 23 years commencing mid-2019.

A news release highlighting the most recent exploration activities and potential for the Venus project was
released on February 5, 2019. Venus is considered to have the potential for the discovery of new deposits
of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried porphyry-
style copper mineralization with characteristics similar to the Yerington Mine.

Contact:

John Jones AM
(Chairman) Perth,
Australia
Email: [email protected]

Paul Stephen
Perth, Australia
Email: [email protected]
Phone: +61 9322 1788

Altan Nevada Minerals Ltd
800-1199 West Hastings Street
Vancouver BC Canada V6E-3T5

Altan Nevada Minerals Ltd (Altan) is pleased to announce the results of its recent IP survey combined
with ground magnetic interpretation to identify high value targets directly along strike from the
Pumkin Hollow Copper project.
Highlights

➢ 3D IP/resistivity survey processing and interpretation complete
➢ Magnetic and IP targets identified along strike from the Pumpkin Hollow Cu, Au, Ag deposits
➢ High priority drill targets identified beneath untested copper, gold and silver surface
geochemical anomalies

VANCOUVER, February 1, 2019 – Altan Nevada Minerals Ltd. (TSX.V ANE) (“Altan Nevada” or the
“Company”) is pleased to announce the processing and interpretation of the 3D Induced Polarization (IP)/
resistivity survey at the Company’s Venus Project, Yerington District, Nevada, USA has been completed.
The Venus Project is within the Yerington copper porphyry district located in the Walker Lane mineralized
belt in Nevada. It is approximately six miles east-south-east of the Yerington Township. Altan Nevada’s
decision to advance exploration at the Venus Project coincides with the development at the Pumpkin
Hollow Copper Mine immediately to the north and less than one mile from the tenement boundary (Figure
1).

Figure 1 – Aerial view of Altan Nevada’s Venus Project and Nevada Copper’s Pumpkin Hollow Project with deposit locations.

Located on-strike from Pumpkin Hollow, Altan Nevada’s Venus Project consists of 111 unpatented mining
claims covering approximately 2,165 acres (~8.76 km2), all situated on Bureau of Land Management
(Federal) land.
Altan Nevada commissioned leading geo-scientific exploration consultants, Terra Resources Pty Ltd, to
supervise acquisition and interpretation of the 3D IP/resistivity survey. As the Pumpkin Hollow deposits
are high grade IOCG chalcopyrite-magnetite skarn, magnetics and IP/resistivity was used to identify the
location of possible mineralisation under cover.

Figure 2 – The 3D IP survey plan (left) and surface geochemistry (right). The IP transmitter locations shown in red and the
receiver locations shown in blue. Geochemical target areas are shown (right). Also shown are Nevada Copper’s deposit
locations.

The 3D IP/resistivity survey was acquired in east-west survey configuration with 500m spaced transmitter
lines and 250m spaced receiver lines. The transmitter and receiver spacing along lines are 100m.
Transmitter lines have end-of-line offset for increase depth penetration. The survey has been designed to
see up to ~500m deep. The 2008 dipole-dipole data was added to the 3D IP survey data and included in
the processing and interpretation.
The 3D IP/ resistivity survey, which has successfully mapped down to 500m, has identified chargeable
zones which could be attributed to sulphide mineralisation. These zones are shown in red in Figure 3.
Some of the chargeable zones have coincident magnetic (magnetite) and geochemical responses (Cu,
Au and Ag) and are considered high priority targets (Figure 3 in blue). Approximately 2500m of drilling
has been proposed (Figure 4). Targets range in depth from 100m to 250m below surface.

Figure 3 – The 3DIP chargeable zones (red) and 3D magnetic highs (blue) with proposed drilling.

Figure 4 – 3D view of 3DIP chargeable zones (red) and 3D magnetic highs (blue) with proposed drilling.

Venus is now considered to have ever better potential than previously thought for the discovery of new
deposits of similar size and grade to Pumpkin Hollow. It also has the potential for discovery of buried
porphyry-style copper mineralization with characteristics similar to the Yerington Mine.
The next stage of the exploration program is to site the drill locations and prepare for a drill program in
Q1 of 2019.
Altan Nevada looks forward to providing additional information as site works progress.
Contact:
John Jones AM (Chairman)
Perth, Australia
Phone: +61 9322 1788
Email: [email protected]
Altan Nevada Minerals Ltd
800-1199 West Hastings Street
Vancouver BC Canada V6E-3T5
Competent Person Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr
Barry Bourne, who is employed as a Consultant to the Company through geophysical consultancy Terra
Resources Pty Ltd. Mr Bourne is a fellow of the Australian Institute of Geoscientists and a member of the
Australian Society of Exploration Geophysicists and has sufficient experience of relevance to the styles of
mineralisation and the types of deposits under consideration, and activities undertaken, to qualify as a
Competent Person as defined in the 2012 Edition of the Joint Ore reserves Committee (JORC) Australasian
Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mt Bourne consents to
the inclusion in the report of matters based on information in the form and context in which it appears.

VANCOUVER, September 14, 2018. Altan Nevada Minerals Ltd. (TSX.V ANE) (“Altan Nevada” or the
“Company“) is pleased to announce that it has entered into agreements for the settlement of a significant
portion of the Company’s outstanding debts and liabilities.

The Company has agreed to settle CAD$1,032,167 in loans and accounts payable (the “Settled Debts”)
through the issuance of securities of the Company (the “Debt Settlement”). Following completion of the
Debt Settlement, the Company will have remaining outstanding accounts in the amount of approximately
$100,000 owed to creditors all of whom have agreed not to require repayment of these debts prior to
December 2019.

Terms

Pursuant to the Debt Settlement, 19,059,130 common shares of the Company (each a “Settlement
Share“) will be issued to creditors of the Company in full and final settlement of the Settled Debt. The
Settlement Shares will be issued at a price of C$0.05 per share after giving effect to the 2:1 share
consolidation to be submitted to the Company’s shareholders for their approval at its upcoming 5 October
2018 shareholders meeting. Additionally, 16,919,074 of the Settlement Share will be issued with a share
purchase warrant (a “Settlement Warrant”) entitling the holder to acquire an additional common share
of the Company at a post-consolidation price of $0.10 per common share for a period of two years from
closing. In accordance with TSX Venture Exchange requirements, Settlement Warrants are not being
issued to creditors whose Settled Debts relate to the provision of professional services to the Company,

The Debt Settlement is subject to the following conditions precedent:

1. approval by the Company’s shareholders of all resolutions to be submitted by management for
shareholder approval at the Company’s special meeting scheduled for October 5, 2018, including a
resolution approving a 2:1 consolidation of the Company’s common shares; and
2. approval of the TSX Venture Exchange.

Settlement Shares and Settlement Warrants will be issued to related parties of the Company in the
following amounts:

• Evan Jones (President): 2,171,904 Settlement Shares and 206,848 Settlement Warrants for
$108,595 in Settled Debt.
• John Jones (Chairman): 10,164,312 Settlement Shares and 10,164,312 Settlement Warrants for
$508,216 in Settled Debt.
• Bridgemark Advisory Services, Anthony Jackson (Chief Financial Officer): 1,750,000 Settlement
Shares for $87,500 in Settled Debt.

To the extent it involves the foregoing persons, the Debt Settlement is a “related party transaction” within
the meaning of Policy 5.9 of the TSX Venture Exchange. An exemption from the valuation and minority
approval requirements of Policy 5.9 is available, as the fair market value of such Debt Settlement is less
than 25% of the market capitalization of the Company.

Commenting on the transaction, Altan Nevada Chairman, Mr John Jones, said today:

“I would personally like to thank all of these key stakeholders for their support over the last few difficult
years and for their ongoing commitment to the Company as we embark on our new exploration program
at the Venus Project. By converting debt to shares, the Company will be able to ensure that shareholder
funds are directed into the projects and allow us to focus on developing the Company’s assets with a
much stronger balance sheet.”

Private Placement Update

As announced on August 8, 2018 the Company is currently undertaking a non-brokered private
placement to raise gross proceeds of between $500,000 and $1,000,000 to fund exploration at the
Company’s 100% owned Venus Copper Gold Project, Nevada. The private placement is subject to TSX
Venture approval.

Venus Property Exploration Plans

The Venus Project is located within the Yerington copper porphyry district in the Walker Lane mineralized
belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and easily
accessible by both paved and dirt roads.

Altan Nevada’s decision to advance exploration at the Venus Project coincides with the recommencement
of development of Nevada Copper Corp.’s (TSX: NCU) Pumpkin Hollow Copper Mine immediately to the
north and less than one mile from the tenement boundary which is expected to produce an average 50
million pounds of copper annually over 23 years commencing mid-2019.

A news release highlighting the potential for the Venus Project was released on August 7, 2018. Venus
is considered to have the potential for the discovery of new deposits of similar size and grade to Pumpkin
Hollow. It also has the potential for discovery of buried porphyry-style copper mineralization with
characteristics similar to the Yerington Mine.

Shareholders Meeting

Altan Nevada will be holding a special meeting of its shareholders on October 5, 2018 (the “Meeting“) at
which it will seek shareholder approval for (a) a 2:1 consolidation of its common shares, (b) an
amendment to the Company’s articles to permit certain matters currently requiring shareholder approval
to be approved by the Company’s directors (including name changes and consolidations and subdivisions
of the Company’s share capital), and (c) chairman John Jones becoming a “control person” of the
Company as such term is defined under the applicable policies of the TSX Venture Exchange.

A Notice of Meeting and information circular in respect of the Meeting has been mailed to shareholders
of the Company, and will be posted under the Company’s profile at www.sedar.com.

Contact:

John Jones AM (Chairman)
Perth, Australia
Phone: +61 9322 1788
Email: [email protected]

Altan Nevada Minerals Ltd
800-1199 West Hastings Street
Vancouver BC Canada V6E-3T5
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the accuracy or adequacy of this
release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release contains
forward-looking statements or forward-looking information (forward-looking statements). These
statements can be identified by expressions of belief, expectation or intention, as well as those
statements that are not historical fact. Forward-looking statements involve a number of risks,
uncertainties and assumptions that could cause actual results or events to differ materially from those
expressed or implied by the forward-looking statements. Forward-looking statements contained in thispress release are based on our current estimates, expectations and projections, which the Company
believes are reasonable as of the current date. Actual results could differ materially from those anticipated
or implied in the forward-looking statements and as a result undue reliance should not be placed on
forward-looking information.

VANCOUVER, August 8, 2018. Altan Nevada Minerals Ltd. (TSX.V ANE) (“Altan Nevada” or the
“Company”) is pleased to announce plans to raise capital for continued exploration and drilling at the
company’s 100% owned Venus Copper Project. The Company also proposes to undertake a 2:1
consolidation of its common shares.
Private Placement

The Company is undertaking a non-brokered private placement to raise gross proceeds of between
$500,000 and $1,000,000 by the sale of units at a price of $0.025 per unit (the “Private Placement”).
Each unit will consist of one common share of the Company and a share purchase warrant entitling the
holder to acquire an additional common share at a price of $0.05 for a period of two years following
closing. The Private Placement is subject to the approval of the TSX Venture Exchange, and will require
an exemption from the TSX Venture Exchange’s minimum $0.05 pricing rule. The Company may pay
finders fees on the private placement in line with normal commercial practice.
Use of Proceeds

Assuming the Private Placement is fully subscribed, the $1,000,000 in gross proceeds are intended to be
applied broadly as follows:

The Company presently has debts in the approximate amount of $900,000. The Company intends to
apply approximately $60,000 of the proceeds of the financing to pay certain key creditors who must be
paid so the Company can maintain its status as a listed public company. After such payment, the
Company will have a balance of approximately $840,000 in remaining debts. The Company is in
discussions with its remaining creditors regarding the repayment of these debts, which may involve the
issuance of shares for debt, or a combination of share issuances and cash payments. Any settlement of
the Company’s outstanding debts involving the issuance of shares will require the approval of the TSX
Venture Exchange. Substantially all of the Company’s remaining creditors have agreed not to require
repayment of their debts prior to December, 2019, although the Company may enter into settlement
agreements respecting the debts with some or all of its creditors at any time.Commenting on the proposed changes, Altan Nevada Chairman, Mr John Jones, said today:

“This is a real milestone for the company and a credit to the team for maintaining the company and its
assets through difficult times.

“It is remarkable that an opportunity like the Venus Project exists, but we have seen many times before
how some of the best projects can be overlooked, creating an opportunity for those with the skills to
recognize the potential.

“Our strategy of applying world class technology and experience to review mineral opportunities has
delivered an outstanding target and we look forward to conducting our maiden drill program later this
calendar year.”

Venus Property Exploration Plans

The Venus Project is located within the Yerington copper porphyry district in the Walker Lane
mineralized belt in Nevada. It is approximately six miles east-south-east of the Yerington township, and
easily accessible by both paved and dirt roads.

Altan Nevada’s decision to advance exploration at the Venus Project coincides with the
recommencement of development of Nevada Copper Corp.’s (TSX:NCU) (“Nevada Copper”) Pumpkin
Hollow Copper Mine immediately to the north and less than one mile from the tenement boundary
which is expected to produce an average 50 million pounds of copper annually over 23 years
commencing mid-2019.

A news release highlighting the potential for the Venus project was released on August 7, 2018. Venus is
considered to have the potential for the discovery of new deposits of similar size and grade to Pumpkin
Hollow. It also has the potential for discovery of buried porphyry-style copper mineralization with
characteristics similar to the Yerington Mine.

The next stage of the exploration program at the Venus Project is to prioritize and further ground truth
existing targets with a view to commence drill testing late in 2018.

Shareholders Meeting

Altan Nevada will be holding a special meeting of its shareholders on in or about the first week of
October, 2018 (the “Meeting”) at which it will seek shareholder approval for a 2:1 consolidation of its
common shares. Currently the Company has 37,029,600 common shares outstanding, which will
increase to 77,029,600 shares if the Placement is fully subscribed. If the consolidation is approved by
shareholders, the Company will then have 38,514,800 common shares issued and outstanding.

The Company will also be seeking shareholder approval at the Meeting for an amendment to its Articles
to allow certain matters which currently require shareholder approval to be approved by a resolution of
the Company’s board of directors, as permitted under British Columbia Business Corporations Act. If the
amendments are approved – which will require the affirmative vote of 66 2/3 of the Company’s
shareholders – the board will be authorized to approve consolidations and subdivisions of the
Company’s common shares, and changes to the Company’s name. These provisions are commonly
2found in the articles of British Columbia corporations, and their adoption will provide the Company’s
board with flexibility and minimize costs and delays if such changes are required to be made at any point
in the future.

A final item of business to be put before shareholders is the approval of the Company’s Chairman, John
Jones, becoming a “control person” of the Company as such term is defined in the TSX Venture
Exchange’s Corporate Finance Manual. Under the policies of the TSX Venture Exchange, shareholder
approval is required when any person becomes a “control person” of the Company, which is deemed to
have occurred when a shareholder acquires 20% or more of a listed issuer’s voting securities after giving
effect to the exercise of any warrants, options or other convertible shares held by such shareholder. Mr.
Jones presently holds 324,586 common shares and 175,000 stock options of the Company (pre-
consolidated numbers), representing 1.34% of the Company’s current issued and outstanding common
shares assuming the exercise of all issued options. Mr. Jones anticipates participating in the Private
Placement which, depending on the number of units which he and others decide to acquire, may seeContact:
him exceed the 20% threshold. Even if the Placement does not result in Mr. Jones becoming a control
person, Mr. Jones is a significant creditor of the Company, being owed approximately $390,000. If
shares are issued in settlement of the debts owed to him by the Company, such share issuances may
also cause him to become a control person. Anticipating this possibility, the Company intends to seek
the shareholder approval the TSX Venture Exchange so requires.

A Notice of Meeting and information circular respecting the Meeting will be mailed to shareholders of
the Company shortly, and will be posted under the Company’s profile at www.sedar.com.

Contact:
John Jones AM (Chairman)
Perth, Australia
Phone: +61 9322 1788
Email: [email protected]

Altan Nevada Minerals Ltd
800-1199 West Hastings Street
Vancouver BC Canada V6E-3T5

Highlights

• Along strike from Nevada Copper’s Pumpkin Hollow Cu, Au, Ag deposits
• Untested copper, gold and silver surface geochemical anomalies
• Magnetic targets within 200m of surface
• Induced polarisation anomalies adjacent to the Graben Fault

VANCOUVER, August 7, 2018 – Altan Nevada Minerals Ltd. (TSX.V ANE) (“Altan Nevada” or the
“Company”) is pleased to announce its decision to advance exploration at the Company’s Venus Project,
Yerington District, Nevada, USA.
The Venus Project, which is 100% owned by Altan Nevada, is located within the Yerington copper
porphyry district in the Walker Lane mineralized belt in Nevada. It is approximately six miles east-south-
east of the Yerington township, and easily accessible by both paved and dirt roads. Altan Nevada’s
decision to advance exploration at the Venus Project coincides with the recommencement of
development at Nevada Copper Corp.’s (TSX:NCU) (“Nevada Copper”) Pumpkin Hollow Copper Mine
immediately to the north and less than one mile from the tenement boundary (Figure 1).

Figure 1 – Aerial view of Altan Nevada’s Venus Project and Nevada Copper’s Pumpkin Hollow Project with deposit locations.

Pumpkin Hollow, 100%-owned by Nevada Copper, is a fully permitted project, encompassing both
underground and open cut mines, and is expected to produce an average 50 million pounds of copper
annually over 23 years commencing mid-2019. Located on-strike from Pumpkin Hollow, Altan Nevada’s
Venus Project consists of 111 unpatented mining claims covering approximately 2,165 acres (~8.76 km2),
all situated on Bureau of Land Management (Federal) land.

Altan Nevada recently commissioned leading geo-scientific exploration consultants, Terra Resources Pty
Ltd, to undertake a review of the Venus Project and its potential to host shallow mineralised targets.
The review included both previous work undertaken by Altan Nevada and public information from
Pumpkin Hollow across a number of geo-scientific disciplines including regional geology, surface
geochemistry, ground magnetics, gravity and Induced Polarization (IP) surveys.

As the Pumpkin Hollow deposits are high grade IOCG chalcopyrite-magnetite skarn, magnetics and
IP/resistivity have been useful in identifying the location of mineralisation under cover. Previously,
Altan Nevada conducted ground geophysical surveys including gravity, magnetics and IP over part of the
Venus project. The ground magnetics has directly identified zones which are interpreted to be
associated with magnetite. Recent 3D modelling suggests the depth to the top of these target areas are
all less than 200m (Figure 2).

Figure 2 – Results of the ground magnetic survey (left) and 3D magnetic modelling. Depth slices at ~150m below surface (right) with potential target areas. Also shown are Nevada Copper’s deposit locations. The Nevada Copper deposits are associated with magnetic highs.

Rock chip and soil sampling activities were also conducted, both along the northern border in an area of
gold-telluride veins and further south in a zone of copper-stained granitic dikes (Figure 3). Assays
confirmed elevated gold, copper and tellurium to the north and demonstrated that a dike zone carries
2copper (0.86%) and gold (6.04 g/t), supporting potential for the occurrence of high grade copper-
precious metals veins. Moreover, evidence at surface of anomalous copper, silver and gold leakage
along structures suggests that geological targets may exist similar to the known mineralization at
Pumpkin Hollow.

Figure 3 – Results of surface geochemical sampling for copper (left) and gold (right). Also shown are Nevada Copper’s deposit
locations.

Venus presents as a porphyry/ skarn Cu (Au, Ag, Fe) target with the IP survey (Figure 4) producing a
good response at shallow depth adjacent to the Graben Fault and strong gold anomalies (6.8 g/t). Drill-
ready targets over robust Cu/ Au anomalies associated with potassic alteration and a zone of porphyry
dikes, are present as well as evidence for deeper magnetite sources in the ground magnetics.

Figure 4 – Results from two lines of IP (left) and surface geochemistry (right). The IP depth sections plotted underneath the
acquisition location (blue line), shows two good targets adjacent to the Graben Fault. These represent standalone drill
targets. Geochemical target areas are shown (right). Also shown are Nevada Copper’s deposit locations.

In summary, Venus is considered to have good potential for the discovery of new deposits of similar size
and grade to Pumpkin Hollow. It also has the potential for discovery of buried porphyry-style copper
mineralization with characteristics similar to the Yerington Mine.
The next stage of the exploration program at the Venus Project is to prioritize and further ground truth
existing targets with a view to commence drill testing late in 2018.
Contact:
John Jones AM (Chairman)
Perth, Australia
Phone: +61 9322 1788
Email: [email protected]

Altan Nevada Minerals Ltd
800-1199 West Hastings Street
Vancouver BC Canada V6E-3T5
NI 43-101 Statement
The scientific and technical information in this news release has been reviewed and approved by Mr.
Barry Bourne, who is employed as a Consultant to the Company through geophysical consultancy Terra
Resources Pty Ltd. Mr. Bourne is a fellow of the Australian Institute of Geoscientists and a member of the
Australian Society of Exploration Geophysicists, and a Qualified Person under the terms of National
Instrument 43-101. Mr. Bourne has verified the technical data disclosed in this news release.

Cautionary Statement on Forward-Looking Information

Certain statements in this release constitute “forward-looking statements” or “forward-looking
information” within the meaning of applicable securities laws, including without limitation, statements
regarding commencing drill testing in late 2018, and statements regarding good potential for the
discovery of new deposits at the Venus Project.

Such statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the company, or industry results, to be materially
different from any future results, performance or achievements expressed or implied by such forward-
looking statements or information. Such statements can be identified by the use of words such as “may”,
“would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”,
“forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the
company’s current expectations regarding future events, performance and results and speak only as of
the date of this release.

All such forward-looking information and statements are based on certain assumptions and analyses
made by Altan Nevada’s management in light of their experience and perception of historical trends,
current conditions and expected future developments, as well as other factors management believe are
appropriate in the circumstances. These statements, however, are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those
projected in the forward-looking information or statements including, but not limited to, unexpected
changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties
to contracts to perform as agreed; social or labour unrest; changes in commodity prices; and the failure
of exploration programs or other studies to deliver anticipated results or results that would justify and
support continued studies and exploration.

Readers are cautioned not to place undue reliance on forward-looking information or statements.
Although the forward-looking statements contained in this news release are based upon what
management of Altan Nevada believes are reasonable assumptions, the company cannot assure
investors that actual results will be consistent with these forward-looking statements. These forward-
looking statements are made as of the date of this news release and are expressly qualified in their
entirety by this cautionary statement. Subject to applicable securities laws, the company does not
assume any obligation to update or revise the forward-looking statements contained herein to reflect
events or circumstances occurring after the date of this news release.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada
accepts responsibility for the adequacy or accuracy of this news release.