Altius Provides 1st Quarter 2020 Project Generation Update - Seite 2

Adia Resources Inc., (“Adia”) a private company 54% owned by Altius, has recently completed a second phase of drilling at its Lynx diamond project in northern Manitoba, to follow up the three holes drilled in 2019 on its Eastern Bay target. The 2020 program included 7 drill holes comprising 2,822 metres on both the Eastern Bay and Western Bay targets. The target ultramafic rocks were intersected in 5 of the 7 drill holes. Adia has an agreement with De Beers Group (“De Beers”), which is providing in-kind technical support in exchange for shares in Adia. All drill core is currently secured at De Beers technical facilities in Sudbury, Ontario, where detailed logging and sampling for microdiamond analysis will be carried out on the 2020 core in the weeks ahead, with results anticipated later this summer subject to anticipated delays related to COVID-19. A full summary of Adia’s activities is available at https://www.adiaresources.com/.

Portfolio Company and Project Updates

Highlights from the first quarter of 2020 are listed below. Most of the companies held within the junior equities portfolio have been impacted at their various operations and/or exploration activities by the COVID-19 pandemic and have announced reduced field operations on a temporary basis.

Adventus Mining Corporation (TSXV:ADZN) (“Adventus”) earlier in the year had reported plans of a US$7 million exploration campaign in 2020, to include drilling of several targets at its Curipamba, Pijili and Santiago projects in Ecuador - http://adventusmining.com/news/122538. On March 18, 2020 Adventus announced a temporary suspension of its planned exploration and development activities in response to the Government of Ecuador's declaration of a state of emergency as a measure to prevent the spread of COVID-19. Adventus is committed to providing significant ongoing emergency humanitarian aid to alleviate pressures faced in the communities surrounding its development and exploration sites, and Altius has agreed to contribute financially to this worthwhile cause. Altius has communicated its willingness to provide similar emergency funding to other impacted royalty and exploration partners.