Mr. Chad Wells reports

ALTIUS ACQUIRES STAKE IN AVRUPA MINERALS LTD.

Altius Minerals Corp. has acquired control over 3.5 million common shares of Avrupa Minerals Ltd., representing 7.86 per cent (on a non-diluted basis) of the outstanding common shares of Avrupa, and 3.5 million common share purchase warrants of Avrupa, each entitling the holder to acquire one common share of Avrupa, upon due exercise thereof at any time prior to Oct. 15, 2016. If all of the Avrupa warrants are exercised, Alitus will exercise control over seven million common shares of Avrupa, representing 15.71 per cent of the outstanding common shares of Avrupa (on a non-diluted basis).

The Avrupa securities are owned by Callinan Resources Corp., a wholly owned subsidiary of Altius, which was acquired by Altius on May 5, 2015, pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act. The Avrupa securities over which Altius exercises control will be held for investment purposes and may be sold, or additional securities of Avrupa may be acquired, in the future as Altius considers appropriate in light of investment criteria, market conditions and other factors and in accordance with the provisions of applicable securities legislation.