VANCOUVER, BC / ACCESSWIRE / January 24, 2017 / Alternate Health Corp. (the "Company" or "CSE: AHC") is pleased to announce that its common shares commenced trading today on the Canadian Securities Exchange under the symbol "AHG".

Joint Venture Agreement with Alturas Indian Rancheria

The Company is also pleased to announce that it has entered into an agreement with Alturas Indian Rancheria ("Alturas") to form a Joint Venture Company where ownership in the venture will be 55% Alturas and 45% AHC. The Agreement provides that Alturas and AHC, or its subsidiary, enter into a 30 year land lease (including all buildings) on a 10 acre site, owned by Alturus. A new CBD Testing and Research Facility is intended to be constructed on this land, with a focus on furthering research and development in the use of Cannabidiol for medical and therapeutic treatments. California is the world's largest medical marijuana market and will soon open the market for recreational sales this year, with this Agreement expected to strongly position AHC to become a market leader.

AHC will issue 1,500,000 common shares to Alturas upon closing of the transaction, with a potential additional 1,500,000 common shares of the Company to be issued at a future date, for the expansion of the business, subject to approvals by both parties. The Agreement further provides that AHC annually grant warrants to Alturus, to purchase 100,000 common shares of the Company, for each year the Joint Venture is in operation, which is estimated to be 30 years. Each warrant grant will expire one year from the date of the grant, and the warrant exercise price will be set in accordance with the Canadian Securities Exchange polices and securities regulations.

Consulting Agreement

The Company is pleased to announce that it has entered into a consulting agreement with a US-based consultant effective January 23, 2017 for the purposes of delivering hospital relationships for the Company's business objectives. Pursuant to the terms of the consulting agreement, the Company will issue 250,000 common shares, which will be subject to escrow. The release of the escrowed shares will be subject to certain performance conditions.

About Alternate Health Corp.

Alternate Health is a diversified healthcare company that uses its expertise in technology to revolutionize patient care and service delivery in both traditional and complementary medical fields. With investments in research, education and cutting edge technology, Alternate Health Corp. is a leader in software applications and processing systems for the medical industry using proprietary technology platforms. Through its subsidiaries, Alternate Health Corp. offers services ranging from medical practice and controlled substance management software to blood analysis and toxicology labs, to clinical research and continuing education programs. Alternate Health Corp.'s goal is to continue to lead the medical industry with data-driven results in patient care and product development.

On behalf of the Board of Directors of

ALTERNATE HEALTH CORP.

Jim Griffiths

Director and CFO

For further information, contact Jim Griffiths at 416.607.5757.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations, business prospects and financing plans, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward looking statements. There are no assurances that the agreements and transactions described in this news release will close.

SOURCE: Alternate Health Corp.