Ms. Maria Au reports

ALTAI RESOURCES INC. REPORTS ON ITS MALARTIC TOWNSHIP GOLD PROPERTY

Altai Resources Inc. wishes to inform its shareholders about an aeromagnetic survey done on its Malartic Township gold property, Quebec. Altai owns 50 per cent of the property and Globex Mining Enterprises Inc. is the joint venture partner (which names the property the Blackcliff gold property) and the operator of the project. The survey was carried out by Novatem on behalf of the two joint venture partners.

To date Altai has received the vertical gradient map of the aeromagnetic survey but has not received a report on the survey. The operator informs the company that it will study and analyze the survey report when it is available in due course and then proposes to Altai a work program if it is warranted.

About Altai Resources Inc.

Altai Resources is a resource company with a producing oil property in Alberta and exploration gold and gas properties in Quebec.