Vancouver, BC – March 14, 2007, Altair Ventures Incorporated (“Altair”) (TSX-V: AVX). Altair is pleased to announce that, further to its news release of March 12, 2007, it has received the final acceptance of the TSX Venture Exchange (the “Exchange”) for its Qualifying Transaction announced on December 8, 2006. Altair’s Qualifying Transaction with Great Panther Resources Limited (“Great Panther”) (TSX: GPR) and private placement for gross proceeds of $1,000,200 closed on March 12, 2007. With these developments, effective at the opening of the Exchange on March 15, 2007, the shares of Altair will resume trading on the facilities of the Exchange and the trading symbol for Altair will change from “AVX.P” to “AVX”, coincident with Altair’s move from CPC to Tier 2 status on the Exchange.
Under the terms of the Company’s option agreement with Great Panther, Altair has an option to earn a 70% interest in Great Panther’s San Antonio Property in Chihuahua, Mexico, with Great Panther remaining the operator during the option period. Additional details on Altair’s Qualifying Transaction, including its agreement with Great Panther, are set out in Altair’s Filing Statement dated February 23, 2007 which is available on SEDAR (www.sedar.com).
For further information please contact Fayyaz Alimohamed at (604) 641-1305, fax at (604) 688-8309 or e-mail [email protected].
ON BEHALF OF THE BOARD
“Fayyaz Alimohamed”
Fayyaz Alimohamed, President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.
