Ms. Maria Au reports

ALTAI ANNOUNCES ELECTION OF THE BOARD OF DIRECTORS AND STOCK OPTION GRANTS

At Altai Resources Inc.'s annual general meeting of the shareholders held on Aug. 30, 2018, in Toronto, Dr. Niyazi Kacira, Dr. Mehmet F. Taner, Jeffrey S. Ackert, Raymond Savoie and Maria Au were elected as directors of the company.

The company expresses its deepest gratitude to Dr. Didier Pomerleau for his long-term service and contribution as a director to the company and wishes him all the successes in his future endeavours.

In the meeting, I&A Professional Corp., chartered professional accountants, was appointed as the auditor of the company.

On Aug. 30, 2018, the company has granted to five directors and one officer a total of 1.2 million options to purchase common shares of the company at an exercise price of 10 cents per share and expiring Aug. 29, 2023. The grants are to replace options that have been exercised or expired without being exercised.

About Altai Resources Inc.

Altai is a resource company with a producing oil property in Alberta and exploration gold and gas properties in Quebec.