Mr. Evan Jones reports

ALTAN NEVADA ANNOUNCES ENCOURAGING RESULTS AT NORTH STAR GOLD PROJECT IN NEVADA, PARTNER WITHDRAWS

Teck American Inc. has withdrawn from the North Star project located in Elko county, Nevada. Teck has transmitted a report and all pertinent data to the company subsequent to the completion of the 2014 exploration program. A brief summary of the project and of the results follows. Altan Nevada's management is strongly encouraged by the results of this first round of deep exploration drilling at North Star, which it believes reinforces its view that the entire southeastern half of the uplifted horst block is prospective for the discovery of a major Carlin-type orebody. The company is currently evaluating the data from drilling in detail. As a part of this effort, the company is scheduling a third party review of the core and data by an independent consultant with demonstrated expertise in Carlin trend exploration geology. Provisions for carrying the project forward will be formed subsequent to receipt of the results from the third party review, which it expects before the end of the second quarter or early in the third quarter.

Program summary

During the autumn of 2104, Teck drilled a single vertical core hole at the project. A key objective of the drill program was to test for favourable Lower Plate strata at reasonable depths. The hole was collared in the Upper Plate Vinini formation. At a depth of 559 metres, the hole passed through a 10-metre-thick shear zone and into a distinctly different lithologic unit, consisting of mudstone, siltstone, calcareous siltstone, chert, laminated siliceous mudstone and dolomitic siltstone. Teck's geologic staff logged these strata as Devonian Rodeo Creek formation, an important Lower Plate unit on the Carlin trend, after recognizing similarities between rocks intersected below 559 metres and published descriptions of the unit on the Carlin trend. The logging of the core indicates that zones of silicification and decalcification are present in this rock package. This lower rock unit contains several zones strongly anomalous in mercury (more than one part per million), an important pathfinder element in Carlin-type gold systems. These anomalous zones included a continuous interval of one to 3.9 ppm mercury from 614.5 metres to 654.5 metres. The hole terminated at 902 metres in siliceous mudstone after passing through a 58.7-metre interval of breccia, calcareous siltstone and dolomitic siltstone. Teck conducted a program of micropaleontology sampling in an effort to corroborate its preliminary stratigraphic interpretation; however, it proved impossible to obtain fossils which would yield any conclusive information on the age of the lower rock package.

North Star

North Star is an underexplored gold project located at the northern extent of prospective Paleozoic rock exposures along the strike of the Carlin trend. The project is 55 kilometres north-northwest of Barrick's Goldstrike operation (52 million ounces past production plus current reserves). Gravity data compiled by Altan Nevada's geophysical consultant indicate that North Star occupies part of an upthrown block of Paleozoic sedimentary rocks. Previous explorers conducted important geochemical and geophysical surveys, including four lines of CSAMT profiling and a number of shallow reverse circulation holes, which bottomed in Upper Plate strata of the Roberts Mountains thrust projected to overlie favourable Carlin trend host rocks (Lower Plate). Hydrothermal alteration at surface is characteristic of Carlin-type deposits, with local jasperoidal silicification and anomalous gold and other associated elements. Altered rocks carry up to 1,059 parts per billion gold, 457 parts per million arsenic, 14 ppm antimony and 3.6 ppm mercury. Geochemical sampling and trenching delineated a two-kilometre-long north-northeast-striking Au-As-Sb anomaly associated with a major fault. These anomalies are typical of the geochemical signature of Carlin-type gold deposits.

The property consists of 163 lode mining claims, comprising 1,276 hectares, 44 claims 100 per cent owned by Altan Nevada, with the balance held under option from Genesis Gold Corp., a private Utah corporation.

Competent person statement

Altan Nevada's exploration director, Brion Theriault, a certified professional geologist (AIPG), a qualified person as defined by National Instrument 43-101, has reviewed the preparation of the scientific and technical information in this press release in respect to the property.

We seek Safe Harbor.