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File: 16 - 27 September 30, 2016 - Alta Vista closes first tranche of financing.docx

 AVV - CSE
 News Release #16-27
September 30, 2016     

Alta Vista formally closes tranche one of ongoing financing.

Alta Vista Ventures (AVV-CSE) (the "Company") announces that it has filed all required paperwork, issued 9,720,000 com
--->mon shares at a price of $0.05, and 9,720,000 share purchase warrants and has formally closed tranche one of its ongoi
--->ng financing (see news releases dated August 23 and September 9, 2016). 

All securities issued pursuant to this placement are subject to a hold period until January 29, 2017 (four months and 
--->one day after closing) under applicable Canadian securities laws.  Each Unit consists of one previously unissued commo
--->n share and one non-transferable purchase warrant (a "Warrant) of the Company. Each Warrant issued entitles the holder
--->, on exercise, to purchase one additional common share of the Company (a "Warrant Share") until September 28, 2017. Th
--->e Warrants will be exercisable at a price of $0.10 per share.  

Finders fees were paid to Canaccord Genuity ($20,000 and 400,000 brokers warrants), PI Financial ($500 and 10,000 brok
--->ers warrants), and Foremost Capital ($2,000 and 40,000 brokers warrants).   The brokers warrants have the same terms a
--->s 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 and 19, 2016) and general working capital. 

About Alta Vista Ventures:

Alta Vista Ventures is entering the Unmanned Aerial Vehicle (UAV) industry by purchasing a varied group of established
---> companies that will complement each other and, in turn, create a consortium of businesses that will cover all aspects
---> of the UAV industry.


On behalf of the Board,
 
"Jason Springett"
Jason Springett
President


For additional information on Alta Vista Ventures please contact Mr. Donald Shaxon at 289-697-8625 or Jason Springett 
--->at 519-617-9285

Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the polici
--->es of the CSE) accepts responsibility for the adequacy or accuracy of this release.

 Statements in this press release, other than purely historical information, including statements relating to the Comp
--->any's future plans and objectives or expected results, may include forward-looking statements. Forward-looking stateme
--->nts are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource explo
--->ration and development. As a result, actual results may vary materially from those described in the forward-looking st
--->atements.