Altair Resources’ President and CEO Pens Letter to Shareholders

Vancouver, British Columbia – June 1, 2021: ALTAIR RESOURCES INC. (“ALTAIR” or the Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W2004; WKN: WKN A2ALMP), Mr. George S. Young, Board Chair, President and CEO, has penned the following Letter to the Shareholders of Altair:

“Dear Shareholder:

Thank you for your support.

I am honored to have recently joined the Altair team. Since my appointment, we have brought additional technical strength and financial capability with Mike Nelson and Wayne Koshman joining our Board of Directors. Along with our Advisory Board, I believe Altair’s team has excellent access to deal flow and financing. Our Board now includes international business leaders and mining industry professionals with expertise and experience in working in all the jurisdictions in which Altair operates. With its broad range of perspectives, skills, professional experience, and backgrounds, we believe the Board is designed to effectively address the opportunities, challenges and risks of our business, and to effectively represent our global stakeholders. We intend to continue to add strength to our Board and Management in the near future.

What an amazing time in the precious metals markets we are witnessing!

Please stay close with us as we embark on an exciting journey of value creation, sorting through quite a number of opportunities that are now presented to us. Those opportunities are not only in traditional jurisdictions like Nevada, as evidenced by our recent transaction involving the Simon property, but also from areas of the world where we believe that moving quickly and being well-connected can help level the “playing field” for small companies like Altair seeking exponential growth through highly accretive acquisitions.

As we begin our preliminary analysis of the Simon property, we expect to keep you informed of our progress in our attempt to move it forward and up the “value curve”, while at the same time we work to capture additional value-creating projects. In acquiring projects, we will always attempt to obtain financing structures that make sense in the context of our evolution as a growing company. Collectively within the Altair team, we have many contacts in the financial industry and in the resource sector to enable us to work to attract appropriate financing and also joint venture participation where appropriate.

We wish you the best in your own endeavors and your investments in this burgeoning market. We will work hard in our efforts to make Altair a success.

Kind regards,

“George S. Young”

George S. Young, Board Chair and President & CEO”


Forward-Looking Statements:

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. Forwardlooking 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.