Mr. Evan Jones reports

ALTAN NEVADA MINERALS LIMITED ANNOUNCES STRATEGIC SHIFT AND NAME CHANGE TO HELIUS MINERALS LIMITED

Altan Nevada Minerals Ltd. has applied to the TSX Venture Exchange for a change in the company's name to Helius Minerals Ltd. Following the name change, the company's securities will trade on the TSX-V under the new ticker symbol HHH, with updated Cusip and ISIN numbers 42329R106 and CA42329R1064, respectively.

Helius Minerals embodies a rejuvenated strategy, with a sharp focus on the identification and exploration of high-quality mineral assets across the Americas, with an emphasis on South American jurisdictions. Guided by a newly assembled management team, the company's mission is to efficiently identify, acquire and explore precious and base metal projects throughout South America. The company's team boasts extensive experience spanning over two decades, encompassing numerous operations, and a record of identifying and discovering mineral deposits. The wealth of expertise of the new management positions Helius Minerals to operate efficiently and execute on strategic acquisitions within a dynamic landscape.

The name change, authorized by a directors resolution dated Aug. 14, 2023, is subject to regulatory approvals. Common shares owned by shareholders will be automatically adjusted as a result of the name change and no action is required to be taken by the company's shareholders. The TSX-V will publish a bulletin announcing the effective date of the name change.

The name change remains subject to final TSX-V approval, with common shares expected to commence trading under the name Helius Minerals on or about Oct. 20, 2023.

Following a technical review of the company's Nevada assets, Helius Minerals will maintain its existing business and assets in Nevada, United States, which exhibit potential for precious metals (gold and silver) and base metal (copper) discoveries.

About Altan Nevada Minerals Ltd.

Altan Nevada is a leading exploration innovator focused on discovering large-scale ore systems in underexplored regions of Nevada, U.S., holding approximately 8,350 hectares. Projects include copper-gold targets in the Yerington district, and large-scale gold alteration systems along the Walker Lane lineament in central Nevada.

We seek Safe Harbor.