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 first quarter

2009-09-11 07:40 ET - News Release

Mr. Ben Lewis reports

ALTIUS REPORTS 1ST QUARTER NET LOSS OF $597,000

Altius Minerals Corp. had 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.

           UNAUDITED FINANCIAL RESULTS

                                For the three months  
                                  ended July 31, 
                                2009           2008 

Revenue                 $   1,106,000  $   2,135,000  
Net earnings (loss)          (597,000)       380,000 
Diluted earnings 
(loss) per share                (0.02)          0.01 

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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