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AVX.V ·

Altair Appoints Harold (Roy) Shipes as President, CEO and Director

Management Changes

#1305 – 1090 West Georgia Street | Vancouver, BC, Canada, V6E 3V7 | Tel: 604-685-9316 | Fax: 604-683-1585

ALTAIR APPOINTS HAROLD (ROY) SHIPES AS PRESIDENT, CEO AND DIRECTOR

VANCOUVER, BRITISH COLUMBIA – OCTOBER 12, 2016: ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. John Huguet, Chairman of the Board, is very pleased to announce the appointment of Mr. Harold (Roy) Shipes as President, Chief Executive Officer and a Director of Altair Resources.

Mr. Shipes is a Metallurgical and Mining Engineer who brings a wealth of experience, global perspective and keen sense of shareholder value to the Board of Altair Resources. Mr. Shipes has forty four years’ mining experience in senior positions in base and precious metals production, engineering and project development management around the world. Mr. Shipes has extensive experience in acquisition and development of projects in the United States, Canada, Peru, Papua New Guinea, Australia, Honduras, Bolivia, Ireland, Mexico and Venezuela. He has served as Vice President and General Manager of Operations of Southern Peru Copper Corporation, one of the largest copper producers in the world, and as Chief Executive Officer and General Manager of Ok Tedi Mining Ltd., where he developed one of the largest copper mines in the world without outside contractors, saving shareholders over $500 million. Mr. Shipes is and has been serving as President and CEO of Atlas Precious Metals Inc. since 2003.

Mr. Robert Naso has resigned as interim President and CEO and the Board thanks him for his contributions as interim President and CEO since January 2016.

To learn more about Altair, please visit http://altairresources.com.

ON BEHALF OF THE BOARD,

“John Huguet”

John Huguet, FCPA, FCMA Chairman and Independent Director

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.