Mr. George Young reports

ALTAIR EXECUTES AGREEMENT REDUCING THE PURCHASE PRICE FOR THE MARBERA PROJECT

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

Agreement to reduce the Marbera purchase price executed

In furtherance of its press release dated March 17, 2022, in connection with the company's planned acquisition of the Marbera project in Burkina Faso, the company is pleased to further announce that it has entered into an amendment to the purchase agreement with the sellers to reduce the purchase price of the acquisition. The agreement reduces the total cash consideration by $6-million (U.S.) and the total share consideration by six million shares, and provides for a proportionate adjustment of the postclosing payments of stock and shares. In the event that the National Instrument 43-101 mineral resource estimate report in the process of being prepared shows a total number of indicated and inferred resources of greater than or less than 1.3 million ounces, the amounts of each of the postclosing payments, including the payments to be made after the commencement of production, in stock and in cash, shall be proportionately increased or decreased in the same proportion that the actual total number of ounces in the MRE report bears to 1.3 million ounces, the historic resource number.

Amounts to be paid following the commencement of production will include a payment of nine million shares of the company plus six payments of cash or cash and stock, at the company's option, through the fifth anniversary of the commencement of production.

Estimates of the total per-ounce cost of the postcommencement-of-production payments are a function of the presumed share price of the company's shares at the time of each such payment, and the decision made at the time of each payment by the company as to whether to pay all cash or part in cash or stock.

With the completion of the purchase price amendments described above and the reappointment of government ministers in Burkina Faso, the company is now moving ahead aggressively to complete the definitive documentation and close the transaction as quickly as possible. It is expected that the MRE report will be concluded in the next several weeks, and the parties can proceed to obtain regulatory approval and financing to complete the transaction thereafter.

George S. Young, chairman and chief executive officer, said: "We are pleased to restructure the acquisition of the Marbera project and believe that the purchase price for such an advanced project, with over 387,000 metres of drilling, represents a very competitive and accretive acquisition for Altair in comparison to many transactions in West Africa. We are excited now to press forward to the closing of the acquisition and to commencing work on a [preliminary economic assessment] during the next several months. We believe we are well 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 gold (0.5 g/t Au cut-off). An updated National Instrument 43-101-compliant resource estimate is under way and will be completed in the second quarter of 2022. A PEA 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.

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