Mr. Chad Wells reports

ALTIUS ANNOUNCES ESTABLISHMENT OF AUTOMATIC REPURCHASE PLAN

Altius Minerals Corp. has entered into an automatic share purchase plan agreement with a broker in connection with its normal course issuer bid previously announced on March 29, 2012, to facilitate purchases of Altius's common shares under the NCIB. Altius has also filed with the Toronto Stock Exchange an amended notice to provide for the implementation of the plan. Since the beginning of the current repurchase program, Altius has not repurchased any shares under the NCIB.

The plan permits Altius's broker to repurchase shares under the NCIB at any time, including during internal blackout periods and/or when Altius is in possession of undisclosed material information, subject to certain price limitations and other parameters prescribed by the Toronto Stock Exchange, applicable Canadian securities laws and the terms of the plan. Altius may also instruct the broker to make specific purchases of shares, and may suspend or terminate the plan, provided that in each instance, Altius certifies to the broker that it is not in possession of any undisclosed material information about itself or its securities.

The automatic repurchase plan constitutes an automatic plan for purposes of applicable Canadian securities laws and has been precleared by the TSX.