Mr. Joe DeVries reports

ALTIMA WITHDRAWS $12.5M FINANCING

Notwithstanding that Altima Resources Ltd. received acceptance from the TSX Venture Exchange on June 13, 2014, to close its private placement for gross proceeds of $12.5-million (refer to news release dated May 21, 2014), the funds that were promised to the company by the subscribers over the past months have not been received. Accordingly, as the company can no longer wait for the funds to be received, it has withdrawn this private placement submission from the TSX Venture Exchange. The company confirms that no portion of the $12.5-million proceeds was ever received, and no securities of the company were ever issued in connection this financing, which is now terminated.

As well, the company will not be proceeding with the proposed 1-for-8 consolidation referred to in its May 21, 2014, news release.