Mr. George Young reports

ALTAIR RESOURCES PROVIDES UPDATE ON OPTION TO ACQUIRE THREE ADVANCED GOLD AND SILVER EXPLORATION PROJECTS IN THE TONOPAH DISTRICT, NEVADA

Altair Resources Inc., further to its press release dated Nov. 22, 2023, has provided this update on the option and acquisition agreement with arm's-length parties Electric Metals (USA) Ltd. (EMPL ParentCo) and its wholly owned subsidiaries Electric Metals (USA) Pty. Ltd. (EMPL) (EMPL ParentCo and EMPL collectively referred to as the vendor), North American Silver Corp. (NAS) and Centennial Mining Inc. in connection with the option to acquire up to 100 per cent of the issued and outstanding shares of NAS by the company. NAS owns Centennial, which holds mineral rights and rights to acquire mineral rights in the state of Nevada in the United States.

Altair has received conditional approval from the TSX Venture Exchange for the transactions contemplated by the agreement and is continuing through the process of completing the requirements for final approval, including the preparation of a technical report on form National Instrument 43-101, and is working toward the completion of its financing plan for the acquisition. Altair has also made the initial filing for the debt conversion contemplated in the agreement and is following up on the responses from the exchange's initial review, and is in discussions with vendor as to the timing and terms of the initial payment requirements under the agreement.

Altair has retained Highlands Geoscience, including David Smith and Clyde Smith for the preparation of the technical report. Dr. Ian Pringle has also been retained as the company's qualified person to review and consult on technical matters.

The agreement, which is subject to the approval of the TSX Venture Exchange, and is considered an arm's-length transaction in accordance with applicable securities legislation, provides Altair with an option to acquire the right to earn into the 9,429-acre Corcoran Canyon gold-silver project, along with the Belmont gold-silver project and the Belmont North gold-silver project (collectively, the Corcoran project) in the Tonopah district in Nye county, Nevada, from EMPL.

Corcoran hosts an exploration project covering a hill known as Silver Reef, an outcropping area of silver-gold mineralized alteration on the Toquima Calder margin, which also hosts another four or more mineralized prospects within the Corcoran project, which have had negligible historical exploration work completed.

Belmont and Belmont South cover the areas of prolific historic silver districts in Nevada, which were mined primarily from surface workings. Both Belmont and Belmont South remain untested by drilling along trend and at depth.

The company believes there is potential in the area, with numerous untested geophysical anomalies and unknown down-dip extensions to the old mines.

George S. Young said: "We are delighted with the progress made on our acquisition efforts and with receiving conditional approval from the exchange. We are pleased to pursue the opportunity to acquire the Corcoran Canyon silver-gold project due to its proximity to other major producing deposits. This option represents tremendous value to the Altair shareholders and ties in nicely with our Simon silver project. Combined, these two silver-gold projects bring tremendous potential to add notable value for our shareholders, and I look forward to progressing forward with the due diligence and delineation of these attractive projects."

About Altair Resources Inc.

Altair Resources has a primary focus of targeting the exploration, acquisition and development of gold and silver projects in Nevada, including the Simon project.

We seek Safe Harbor.