Altius Provides 2023 Year-End Project Generation Update - Seite 2

Wolfden Resources Corp. (TSX-V:WLF) (“Wolfden”) continues to progress its high-grade polymetallic copper-lead-zinc-gold-silver Pickett Mountain project in northern Maine focusing upon community engagement activities related to filing of a rezoning application with the State to allow for the development of a new underground mining operation. As part of the application process the Company announced that the Maine Land Use Planning Commission (LUPC) held public hearings in October to receive public comment. A final decision by the LUPC with respect to the application is expected early in 2024. Altius currently holds 19,706,000 common shares of Wolfden and a 1.35% GSR royalty covering the Pickett Mountain project.

Latitude Uranium Inc. (TSX-V:LUR) (“Latitude”) made a notable acquisition of the Angilak uranium property in Nunavut from Valore Metals Corp. mid-year adding to its uranium property holdings in Labrador. On December 7^th Latitude announced it had entered into a definitive arrangement agreement to be acquired by Atha Energy Corp. (CSE:SASK), a Canadian focused uranium exploration company. Altius holds 8 million shares of Latitude and a 2% gross overriding royalty covering several of its Labrador CMB properties.

AbraSilver Resource Corp. (TSX.V:ABRA), of which Altius is an equity shareholder, continued to advance its silver-gold Diablillos project in Salta province, Argentina and announced a substantial increase to the mineral resource estimate of the project. Subsequent to year end Abra also announced it entered into a binding letter agreement with a subsidiary of Teck Resources Ltd. regarding a proposed option and joint venture agreement to explore and develop the La Coipita copper-gold project in San Juan, Argentina. Altius holds an option to acquire a 1.1% NSR royalty covering the La Coipita project for US $3M.

Churchill Resources (TSX-V: CRI) (“Churchill”) continued to advance both its Taylor Brook and Florence Lake nickel projects during the year, including fulfillment of its Florence Lake Option Agreement with Altius by issuing an additional 5,041,689 common shares, bringing Altius's total shareholding to 17,838,815 common shares in Churchill. Churchill completed a $2.6 million financing in the final quarter of the year and commenced a 5000-meter drilling campaign at Taylor Brook. In addition to its shareholding in Churchill, Altius also holds a 1.6% gross sales royalty on each of the Taylor Brook and Florence Lake nickel projects.