Altan Nevada Minerals Limited announces Share Consolidation

March 15, 2019 - VANCOUVER, BRITISH COLUMBIA: Altan Nevada Minerals Limited (the "Company") (TSX-V:ANE) announces that, following the approval of the Company's shareholders obtained October 5, 2018, the Company has consolidated its issued and outstanding shares (the "Shares") at a ratio of two (2) pre-consolidation common shares to one (1) post-consolidation share effective as of March 18, 2019 (the “Consolidation”). No fractional common shares will be issued as a result of the Consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional share as a result of the Consolidation shall be rounded up to the next higher whole number if the fraction is 0.5 or greater, and rounded down to the next lower whole number if the fraction is less than 0.5.

The Company's common shares will commence trading on the TSX Venture Exchange on a post- Consolidation basis at the start of trading on March 18, 2019.

Holders of common shares of the Company who hold uncertificated common shares (including shares held through a brokerage account and/or not represented by a physical share certificate), have had their holdings electronically adjusted by the Company's transfer agent or by their brokerage firms, banks, trust or other nominees. Such holders do not need to take any additional actions to exchange their pre- Consolidation common shares for post-Consolidation common shares. Letters of transmittal have been mailed to all registered shareholders holding share certificates with instructions on how to exchange existing share certificate(s) or DRS advice for new share certificate(s) or DRS advice. A letter of transmittal is also available on SEDAR and on the Company's website at www.colombiacrestgold.com.

Prior to implementing the Consolidation, the Company had 83,099,226 common shares issued and outstanding and immediately after implementing the Consolidation, the Company will have 41,549,634 common shares issued and outstanding.

The Company's new CUSIP number is 02144U205 and its new ISIN number is CA02144U2056.

For additional information regarding the Consolidation, please refer to the Company's Notice of Special Meeting of Shareholders and Information Circular dated August 18, 2018.

On behalf of Altan Nevada Minerals Limited

John Jones Chairman

For more information contact:

Paul Stephen Email: [email protected] +61 9322 1788

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

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