Mr. Chad Wells reports

ALTIUS RENEWS NORMAL COURSE ISSUER BID

Altius Minerals Corp. will purchase, at market price, up to 1,437,983 common shares, being approximately 5 per cent of its outstanding shares of 28,759,675 as of March 19, 2012, by way of a normal course issuer bid through the facilities of the Toronto Stock Exchange (TSX). The bid is subject to regulatory approval. The bid will commence April 2, 2012, and will end no later than April 1, 2013. Any shares purchased during the normal course issuer bid will be cancelled and returned to treasury.

The TSX rules permit Altius to purchase daily, through TSX facilities, a maximum of 6,764 common shares under the company's repurchase program. During the previous 12 months, Altius purchased a total of 210,933 shares through a normal course issuer bid at a volume weighted average price of $10.90. The reason for the bid is that, in the opinion of the board of directors, the value of Altius, based on anticipated cash flows and underlying asset values, is from time to time, greater than the then total market price of the common shares and accordingly, the acquisition of common shares under the bid represents an appropriate use of finances.

Altius owns an effective 0.3-per-cent net smelter return royalty on the producing Voisey's Bay nickel-copper-cobalt mine, a 2-per-cent gross sales royalty on uranium in the Central mineral belt project of Paladin Energy Ltd., a 3-per-cent gross sales royalty on the Kami iron ore project of Alderon and several earlier stage resource project royalties. Its growing project generation pipeline consists of a diversified portfolio of exploration projects, many of which it has attracted joint venture financing partners for.