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Altair Resources Inc (2)
Symbol AVX
Shares Issued 50,638,716
Close 2022-03-08 C$ 0.095
Market Cap C$ 4,810,678
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Altair to complete technical report for Marbera

2022-03-10 00:55 ET - News Release

Mr. George Young reports

ALTAIR ENGAGES SNOWDEN OPTIRO FOR TECHNICAL REPORT ON MARBERA; APPOINTS LHC AS FINANCIAL ADVISOR

Altair Resources Inc. has provided the following announcements in regard to the company's continuing acquisition and development activities in Burkina Faso.

Snowden Optiro to complete technical report on Form National Instrument 43-101 on Marbera project

In connection with the completion of the company's due diligence on, and in preparation for, its acquisition of the Marbera project, the company is pleased to announce the appointment of Snowden Optiro, Johannesburg office, to complete the NI 43-101 technical report on an updated mineral resource estimate. Personnel from Snowden Optiro, including a professional geologist and a mining engineer, participated in the site visit conducted by the company in January, 2022, during which the site was inspected, the core examined, quality assurance/quality control documentation reviewed and a number of other activities in furtherance of the work performed.

LHC Mine Finance Ltd. of London to serve as one of the company's financial advisers

The company is also pleased to announce that it has appointed LHC of London to serve as one if its financial advisers in connection with developing its business in Burkina Faso. LHC is a specialist natural resource mining finance company whose principals have a long history of raising capital for companies with projects on the African continent. The agreement with LHC, which is subject to regulatory approval, calls for a monthly work fee and a commission on funds raised.

George S. Young said, "We have made significant progress advancing the Marbera, Burkina Faso, project and by engaging with such outstanding companies as Snowden Optiro and LHC Mine Finance, we are positioned to deliver exemplary value to our shareholders."

Information of a technical and scientific nature that forms the basis of the disclosure in this press release has been prepared and approved by Dorian L. (Dusty) Nicol, a qualified person, under National Instrument 43-101, and vice-president, exploration, of Altair.

About Altair Resources Inc.

Altair's primary focus is developing the Marbera project, Burkina Faso's newest gold mine development opportunity. Marbera has a historical resource of 1,388,000 ounces of gold at a grade of 0.95 gram per tonne (0.5-gram cut-off). An updated NI 43-101-compliant resource estimate is under way and will be completed in the second quarter of 2022. A preliminary economic assessment and feasibility study will commence immediately after.

Burkina Faso is second in gold production in West Africa with four major mining companies operating and 15 gold mines that have reached production. In addition, Altair shareholders own an option to acquire two producing gold mines in Kazakhstan.

We seek Safe Harbor.

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