Initial Public Offering Completed

ALTIPLANO MINERALS LTD.

INITIAL PUBLIC OFFERING COMPLETED

Vancouver, British Columbia, February 1, 2011. Altiplano Minerals Ltd. (the “Company”) is pleased to announce that it has completed its initial public offering (the “Offering”) which raised aggregate gross proceeds to the Company of $1,725,000 through the Company’s agent, Canaccord Genuity Corp. (the “Agent”). The Company issued 11,500,000 common shares (each a “Share”) at a purchase price of $0.15 per Share, which included 1,500,000 Shares issued pursuant to an over-allotment option which was exercised in full by the Agent.

As consideration for the services provided by the Agent to the Company, the Agent received an aggregate cash commission of $138,000, a corporate finance fee and an aggregate of 1,150,000 non-transferable agent’s warrants (each an "Agent’s Warrant"). Each Agent’s Warrant is exercisable to acquire up to one common share in the capital of the Company (an “Agent’s Warrant Share”) at an exercise price of $0.15 per Agent’s Warrant Share exercisable at any time on or before January 31, 2013.

The Company is engaged in the acquisition and exploration of mineral resource properties in British Columbia. The Company’s principal mineral resource property interest is its option to acquire a 100% interest in the GD Property located in central British Columbia.

Proceeds from the Offering will be used to fund exploration activities on the GD Property and for general working capital purposes.

It is expected that the Company’s common shares will commence trading on the TSX Venture Exchange at the opening of the market on February 2, 2011 under the trading symbol “APN”.

ON BEHALF OF THE BOARD

“Charles Chebry” (signed)

_______________________________ Charles Chebry, President and Chief Executive Officer

For further information, please contact Charles Chebry, President and Chief Executive Officer.

Telephone: 403-283-0001, Fax: 780-439-7308 or email: [email protected]

Address: Suite 220, 9797 45th Avenue, Edmonton, Alberta T6E 5V8

Neither the 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.

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