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File: AVX2016Oct11_analyses from Invictus.docx
ALTAIR RECEIVES HIGH GRADE ANALYSES FOR INVICTUS LEAD-ZINC PROJECT IN KOSOVO
VANCOUVER, BRITISH COLUMBIA - OCTOBER 11, 2016: ALTAIR RESOURCES INC. ("Altair" or the "Company") (TSX V: AVX; German
--->y FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. John Huguet, Chairman of the Board, is pleased to announce the an
--->alytical results of a trenching program conducted this summer at its Invictus lead-zinc Project in Kosovo. Altair has
---> an option agreement to acquire 90% of the shares of A.G.J.A. S.H.P.K., a private company based in Kosovo which owns t
--->he licenses covering the Invictus project.
During May and June, 2016 a field program was undertaken on the Invictus project. Three existing trenches were re-exp
--->osed and were also extended, and five new trenches were completed. Limited prospecting was also undertaken. The resu
--->lts of this work not only confirmed the high lead and zinc values reported during previous work but also discovered hi
--->gh grade mineralization in four new areas. These new discoveries extended the zone of high grade lead zinc mineraliza
--->tion which has been trenched by approximately an additional 300 metres to over 450 metres.
Eighteen samples were collected from the trenches and one surface grab sample was collected from a surface exposure.
Five new trenches were completed; trench numbers eight through twelve. In addition one sample (19) was collected from
---> a newly discovered outcrop Results from these new trenches and newly discovered outcrop are presented in the followi
--->ng table:
Portions of trenches 1, 2 and 3, which were originally excavated in 1974, were re-opened, deepened and widened. Nine
--->samples were collected during this summer's program. The results of these samples are presented in the following tabl
--->e:
The samples collected during this program were submitted to the ALS Laboratory in Beograd, Ireland where they were ini
--->tially crushed and pulverized prior to a split being analyzed. The samples were initially analyzed for 33 elements us
--->ing the ME-ICP61 technique. Where the samples exceeded the upper limit of 1% for zinc and/or lead they were then anal
--->yzed using the Zn-OG62 and Pb-OG62 techniques respectively. A number of samples exceeded the 30% zinc upper limit and
---> were then analyzed using the Zn-AAORE technique.
The Company considers the trenching program to have enhanced the potential of the project. Not only have the results
--->confirmed the high lead and zinc values reported during previous work but also has discovered high grade mineralizatio
--->n in four new areas. These new discoveries extend the zone of high grade lead zinc mineralization which has been tren
--->ched to over 450 metres.
Chad Ulansky, PGeo, is the qualified person under National Instrument 43-101 who has reviewed the technical disclosur
--->e in this news release and is responsible for the technical information contained in this release.
To learn more about Altair, please visit http://altairresources.com.
ON BEHALF OF THE BOARD,
"John Huguet"
John Huguet, FCPA, FCMA
Chairman and Independent Director
Forward-looking statements: This news release may contain forward-looking statements including but not limited to com
--->ments regarding the closing the transactions contemplated by the Option Agreement. Forward-looking statements address
---> future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materi
--->ally from those currently anticipated in such statements and Altair undertakes no obligation to update such statements
--->, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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