Altius Reports Royalty Revenue of $17.5M and $66.9M for the Quarter and Year Ended December 31, 2018 and Provides Revenue Guidance for 2019 of $67-$72M

Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius” or the “Corporation”) reports that it will release audited financial results for its three month and twelve month period ended December 31, 2018 on March 12, 2019 after the close of market, with a conference call to follow March 13, 2019 at 9:00 am ET.

Altius expects to report attributable royalty revenue¹ of approximately $17.5 million ($0.41 per share) for the fourth quarter of 2018, compared to $17.1 million ($0.40 per share) in Q3 2018 and to $13.7 million ($0.32 per share) in the two month period ended December 31, 2017, when Altius was transitioning to a December year end. Full year attributable royalty revenue is expected to be approximately $66.9 million ($1.56 per share) which compares to $46.7 million ($1.08 per share) during the abbreviated previous year comparable period.

Summary of attributable royalty revenue			Three months ended December 31,			12 months ended December 31,			8 months ended December 31,
(in thousands of Canadian dollars)			2018			2018			2017
Base metals			7,388			29,209			20,808
Potash			3,695			14,023			7,365
Thermal (electrical) coal			3,064			13,119			9,465
Iron ore (1)			2,097			5,911			6,116
Metallurgical coal			859			3,227			1,466
Other royalties and interest			388			1,434			1,527
Attributable royalty revenue			17,491			66,923			46,747
See non-IFRS measures section of this MD&A for definition and reconciliation of attributable revenue
(1) LIF dividends received

The results, which are consistent with the mid range of guidance, were positively impacted by higher potash prices and production volumes and higher metallurgical coal volumes. These factors were negatively offset by the election of Labrador Iron Ore Royalty Corporation (LIORC) to withhold an unusual amount of its free cash flows from shareholder dividends during the second half of the year, and by lower base metal prices.