Vancouver, British Columbia – August 18th 2022 : ALTAIR RESOURCES INC. (“ALTAIR” or the Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W2004; WKN: WKN A2ALMP) As a result of a revew by the British Columbia Securities Commission (“BCSC”) we are issuing the following news release.
The Company has amended and refiled its March 31st 2022 year end MD&A in order to deal with certain disclosure deficiencies identified by the BCSC. The technical dislcosure in the initial MD&A was not reviewed and approved by former Vice President of Exploration Mr. Dorian Nicol. The amended MD&A was reviewed and approved by former Vice President of Exploration Mr. Dorian Nicol.
The Company has amended the initial MD&A to remove references to historical drill intercepts as the Company is unable to comply with the requirements of written disclosure of exploration information under 3.2 and 3.3(2) of NI 43-101.The Company has also amended the subject MD&A to remove all references to historical resource estimates. The Company has been unable to ensure the estimates can be relied upon and as a result the company retracts all such disclosure. At this time the Marbera project does not have any resources at this time.
The technical disclosure in this news release and the amended MD&A has been reviewed and approved by Mr. Dorian Nicol the former Vice President of Exploration of the Company.
The Company continues to work to advance the acquisition of the Marbera Project, there remain additional contractual issues to be finalized and the Company needs to raise the necessary funds in order to proceed with this acquisition.
“George S. Young”
George S. Young, Board Chair and President & CEO”
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements with respect to the Company. By their nature, forward-looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements.
Generally forward-looking statements can be identified by the use of terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions. Forward- looking statements contained in this press release may include, but are not limited to, the completion of the private placement and the Company receiving regulatory approval to the partial revocation order. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the Company receiving regulatory approval to the private placement and the partial revocation order application.
The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by law, the Company does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.