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File: AVX2017Jan16_PP closing.docx



ALTAIR COMPLETES NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA - JANUARY 16, 2017:  ALTAIR RESOURCES INC. ("Altair" or the "Company") (TSX V: AVX; German
--->y FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP)  Mr. John Huguet, CEO, announces that further to the Company's news r
--->elease dated December 21, 2016, the Company has completed the final closing of its non-brokered private placement fina
--->ncing by issuing a total of 2,000,000 units (the "Units") of the Company, at a price of $0.20 per Unit, for gross proc
--->eeds of $400,000.  Each Unit comprised one common share and one common share purchase warrant (a "Warrant").  Each War
--->rant entitles the holder to purchase an additional common share of the Company at a price of $0.25 per share for a per
--->iod of three years from closing.  Proceeds will be used for working capital.  The Company also paid finders' fees of 2
--->00,000 common shares of the Company.  The Company completed the placement in tranches and all securities issued have a
---> hold period of four months plus a day from the date of issuance . The last hold period expires on May  17, 2017.
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




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.