Mr. George Young reports

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

Altair Resources Inc., in reference to its press release dated Feb. 14, 2024, has provided this further update on the option and acquisition agreement with arm's-length parties, Electric Metals (USA) Ltd. (EMPL ParentCo), 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.

Following the receipt of conditional approval from the TSX Venture Exchange for the transactions contemplated by the agreement, Altair has continued through the process of completing the requirements for final approval, including the preparation of a technical report on form National Instrument 43-101. In spite of difficult market conditions over the past few months, Altair has also had a number of discussions with potential financing parties and has identified parties interested in assisting in financing. Altair continues to work toward putting in place its financing plan for the acquisition. Altair is also working to finalize the debt conversion contemplated in the agreement. Altair has also made payments for the extension of the timing of option payments on properties involved in the acquisition, as well as toward its option on the unrelated Simon property. Altair is also in discussions with the vendor as to the timing and terms of the initial payment requirements under the agreement.

Altair continues to work with Highlands Geoscience, including David Smith and Clyde Smith, for the preparation of the technical report.

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 Corcoran) 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 Caldera 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.

About Altair Resources Inc.

Altair Resources' primary focus is targeting the explorations acquisition and development of gold and silver projects in Nevada, including the Simon project.

We seek Safe Harbor.