Altius Reports Expected Royalty Revenue of $17.5M and $78.1M for the Quarter and Year Ended December 31, 2019 and Provides Revenue Guidance for 2020

(TSX: ALS; OTCQX: ATUSF) Altius Minerals Corporation (“Altius” or the “Corporation”) reports that it will release audited financial results for its three month and twelve month period ended December 31, 2019 on March 11, 2020 after the close of market, with a conference call to follow March 12, 2020 at 9:00 am ET.

Altius expects to report fourth quarter attributable royalty revenue¹ of approximately $17.5 million ($0.41 per share). For the full year ended December 31, 2019 expected royalty revenue of $78.1 million ($1.83 per share) compares to $67.0 million ($1.55 per share) in 2018. This is in addition to the previously reported $19.2 million in sale proceeds related to its junior equities portfolio.

Brian Dalton, President and Chief Executive Officer, commented: “The fourth quarter was challenging for several of the operators of mines over which we hold royalties. In particular, potash prices and volumes were impacted by weather related demand issues and base metal prices were pressured by geopolitical concerns. Notwithstanding this, on a full year basis revenue from the diversified portfolio grew by more than 16%, with prices for high quality iron ore products causing the largest gain. This is the 5^th consecutive year of strong royalty revenue growth, which furthered our ability to execute on long-term capital allocation priorities. These included growth investments, with particular emphasis on the building of a portfolio of renewable energy royalties, share repurchases, accelerated debt repayment, and an increased dividend.”

Altius anticipates $75 -80 million in attributable royalty revenue in 2020, which assumes current commodity prices and incorporates information received from mine operators with regards to expected production volumes where provided and assumptions based upon historical production rates and other publicly available information in other cases.

Summary of attributable royalty revenue	Three months ended December 31,	12 months ended December 31,	12 months ended December 31,
(in thousands of Canadian dollars)	2019	2019	2018
Base metals	6,512	28,530	29,240