Altima Resources Ltd. announced a private placement of 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on August 25, 2022. Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share, exercisable for a period of one year from the date of issuance at a price of CAD 0.075 per share. There are no insiders participating in the financing.

There may be finders' fees in connection with the private placement in accordance with TSX Venture Exchange policies. There are no Insiders in participating in the transaction.