Ms. Maria Au reports

ALTAI REPORTS ON THE JUNE 6, 2018 ANNOUNCEMENT BY THE QUEBEC MINISTER OF ENERGY AND NATURAL RESOURCES

At the request of the Investment Industry Regulatory Organization of Canada, Altai Resources Inc. has acknowledged that the Quebec Minister of Energy and Natural Resources, Pierre Moreau, has proposed a series of measures regarding regulations on hydrocarbon exploration and production in Quebec, including a ban on fracking in shales and various other restrictions pertaining to distances where fracking may be permitted, and other measures.

According to the ministry's press release, the prepublication of the regulations will be subject to the usual 45-day consultation period before coming into force.

The company has disclosed all the information available to it at this time. Altai will undertake a study of the proposed new regulations as soon as they are made public and examine the various available alternatives.

About Altai Resources Inc.

Altai Resources is a resource company with a producing oil property in Alberta, and exploration gold and gas properties in Quebec. The company has approximately $3.6-million in cash and marketable securities.

We seek Safe Harbor.