Altair Corrects Virium Lithium Property Location

VANCOUVER, BRITISH COLUMBIA – OCTOBER 24th 2016: Altair Gold Inc. (“Altair” or the “Company”) (TSX-V: AVX) wishes to correct the location of its recently acquired Virium Lithium Property which is adjacent to the Quebec Lithium Mine.

In the Company’s release dated October 17, 2016 the property was incorrectly described as being 23km southwest of the municipality of Amos. The property is actually located 23km to the southeast of Amos.

The 1,360 hectare property is immediately adjacent to the claims holding the shuttered Quebec Lithium Mine which has recently been purchased by the Jilin Jien Nickel Industry Co. of China. The Quebec Lithium Mine has published measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, and an inferred resource of (at a 0.60% Li2O cutoff) of 17,766,000 tonnes at 1.10% Li2O (RB Energy Press Release of October 11, 2012).

Mr. C. Ulansky, P. Geo., a Qualified Person, has reviewed and verified the technical contents of this release.