Mr. John Huguet reports

ALTAIR LOOKING FORWARD: THE INVICTUS ZINC PROSPECT, MITROVICA, KOSOVO

Altair Resources Inc. is providing the following update.

The company has just released the geological assessment of the technical reports for the Invictus zinc project on its 90-per-cent-owned, 9.8-square-kilometre Cerpulje licence in Mitrovica, Kosovo (see news release dated Jan. 11, 2017). This release featured, among many other newsworthy items, the four new discoveries made on the property in 2016. Importantly, the discoveries included some of the highest-grade zinc samples produced through exploration in the industry over the past several years. The company's trenching results now include over 450 metres of chip sampling over various widths at multiple locations with grades ranging from 2 per cent to 40 per cent zinc, and averaging 25 per cent zinc and 2.5 per cent lead. While these are only chip samples, they provide guidance for the board to make targeting decisions. The board knows the company needs to test this property with diamond drilling and today has signed its first diamond drilling contract with the local subsidiary of Cabo Drilling. The project will start this March, with drilling to commence on April 5, weather permitting. If possible, a gravity program will precede the drilling program. The company has just closed its financing and has proceeds in hand to complete this program.

The company will initially test the zinc continuity in a target zone 500 metres long by 300 metres wide and 50 metres deep. The geologists have identified this zone as containing smithsonite mineralization, thereby explaining the high grades the company has encountered. Smithsonite mineralization is usually caused by the supergene cycle of enrichment overlying the hypogene cycle. The company intends to test the depth of these surface showings and test the continuity of this occurrence with the first phase of its drill program. This will be a results-driven drill program. If the company is successful in proving up continuity, it is most likely it would expand the drilling, both in length and depth, to further test the extent of the zinc mineralization. If this were the case, Altair would go back to the market for additional financing. If the results do not justify going further, the company will close up the project.

The zone encountered so far on the property extends for a strike length of over 5,000 metres, open to the south, with widths ranging between 200 metres and 500 metres. Work in 2007 and 2008 by Lydian, a previous operator, tied some of the surface showings to zinc mineralization down to 400 metres. Fortunately for Altair, it stopped short of the new discovery zones. The company's local technical team, headed by Dr. A. Kodra, PhD, geology, who co-authored the book on the geology of Kosovo, is responsible for the new discoveries. The company has recently strengthened its technical team with the addition of Dr. Stewart A. Jackson, PhD, PGeo, a qualified person. Dr. Jackson brings over 50 years of exploration experience to the team. He has worked on some of the major zinc discoveries on a worldwide scale, including Pine Point, Pyramid, Red Dog and the Tennessee zinc districts. Dr. Jackson tells us that deposits with these characteristics can be potentially of district scale and can also be identified fairly early in the drilling program. While failure is always a possibility, and one must be prepared for this, the prospect justifies fully the steps the company has now committed to take: testing for the continuity with diamond drilling. There is a definite risk/reward factor here. The company should be able to determine the next appropriate steps with these initial results.

The Invictus project is located just 20 kilometres from the Trepja mining complex which had been in production commercially since 1920, with some records stretching back to the time of the Romans. Zinc grades varied over a broad range, throughout the 90-plus years of commercial production. Zinc was mined from near surface to depths below 1,400 metres. At its peak, the Trepja mine employed over 20,000 workers. Kosovo is a mining-friendly jurisdiction, with a young work force and infrastructure readily available.

The contents of this press release have been reviewed and approved by Dr. Jackson, PGeo, a technical adviser to the company and a qualified person under National Instrument 43-101.