Mr. Jason Springett reports

ALTA VISTA FORMALLY CLOSES TRANCHE ONE OF ONGOING FINANCING

Alta Vista Ventures Ltd. has filed all required paperwork, issued 9.72 million common shares at a price of five cents and 9.72 million share purchase warrants, and has formally closed tranche one of its continuing financing (see news releases dated Aug. 23, 2016, and Sept. 9, 2016).

All securities issued pursuant to this placement are subject to a hold period until Jan. 29, 2017 (four months and one day after closing) under applicable Canadian securities laws. Each unit consists of one previously unissued common share and one non-transferable purchase warrant of the company. Each warrant issued entitles the holder, on exercise, to purchase one additional common share of the company until Sept. 28, 2017. The warrants will be exercisable at a price of 10 cents per share.

Finders' fees were paid to Canaccord Genuity ($20,000 and 400,000 brokers warrants), PI Financial ($500 and 10,000 brokers warrants) and Foremost Capital ($2,000 and 40,000 brokers warrants). The brokers warrants have the same terms as the warrants as per above.

The company intends to use the funds to formally close the purchase agreements for High Eye Aerial Imaging and Pioneer Explorations' UAV division (see news releases dated July 5, 2016, and July 19, 2016) and general working capital.

We seek Safe Harbor.