Altius Minerals Corp
			Symbol			ALS
			Shares Issued			28,319,895
			Close 2009-09-10			C$ 6.10
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Altius Minerals loses $597,000 in Q1 2009

2009-09-10 16:17 ET - News Release

Mr. Ben Lewis reports

ALTIUS MINERALS CORPORATION REPORTS FIRST QUARTER NET LOSS OF $597,000

Altius Minerals Corp. has released its results for the first quarter of 2009. The company has reported a net loss of $597,000, or two cents per share, for the three months ended July 31, 2009, compared with net earnings of $380,000, or one cent per share, for the same period last year.

                            FINANCIAL SUMMARY
                                 ($000s)

                                                 Three months ended
                                                            July 31,

                                                 2009          2008
                                                               
Revenue                                         1,106         2,135
Net earnings (loss)                              (597)          380

The current period earnings declined from the previous year because of lower interest income from government guaranteed investments compared with the prior year. Royalty revenue was down slightly because of lower realized nickel prices but was offset by higher concentrate shipments during the period.

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