File: '\\swfile\EmailIn\20240501 093003 Attachment Press Release (DRAFT FOR EXCHANGE) FURTHER UPDATE ON CORCORAN ACQUISITION APRIL 30.docx'

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LEGAL*60555764.1

Altair Resources Inc.

#1305 - 1090 W. Georgia Street, Vancouver, BC V6E 3V7 Canada

LEGAL*60555764.1

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

Vancouver, British Columbia May 1, 2024. ALTAIR RESOURCES INC. ("ALTAIR" or the Company") (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W2004; WKN: WKN A2ALMP), in reference to its press release dated February 14, 2024, is pleased to provide this further update on the Option and Acquisition Agreement (the "Agreement") with arm's length parties, Electric Metals (USA) Ltd. ("EMPL ParentCo"), its wholly owned subsidiaries Electric Metals (USA) PTY Limited ("EMPL") (EMPL ParentCo and EMPL collectively referred to as the "Vendor"), North American Silver Corporation ("NAS") and Centennial Mining Inc. ("Centennial") in connection with the option to acquire up to 100% 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 of America (the "Properties").

Following the receipt of conditional approval from the TSX Venture Exchange (the "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 NI 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 Vendor as to the timing and terms of the initial payment requirements under the Agreement.

ALTAIR continues to work with Highlands Geoscience, including Mr. David Smith and Mr. Clyde Smith for the preparation of the Technical Report.

The Agreement, which is subject to the approval of the TSX Venture Exchange (the "Exchange") and is considered an arms' 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 ("Corcoran") along with the Belmont gold-silver project ("Belmont") and the Belmont North gold-silver project ("Belmont North") (collectively "Corcoran" or 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 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' (TSX.V: AVX) primary focus is targeting the explorations acquisition and development of gold and silver projects in Nevada, including the Simon Project .

For further information:

George S. Young

Chairman, CEO, Altair Resources Inc.

gyoung@altairresources.com, www.altairresources.com

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.

Forward-Looking Statements:

This press release contains forward-looking information and statements with respect to the Company ("forward-looking statements"), including with respect to the option to acquire the Corcoran Project and the receipt of applicable regulatory approvals. By their nature, forward-looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements.

Generally forward-looking statements can be identified using terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, the completion of the private placement and the Company receiving regulatory approval to the partial revocation order. These forward-looking statements are based on several assumptions which may prove to be incorrect including, but not limited to, the Company receiving regulatory approval to the private placement and the partial revocation order application.

The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.