Altius Resources Inc. Acquisition of Common Shares of Orogen Royalties Inc.

TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation

March 29, 2021 | St. John’s, Newfoundland

Altius Resources Inc. Acquisition of Common Shares of Orogen Royalties Inc.

Altius Minerals Corp oration (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “ Corporation”)

reports that its subsidiary Altius Resources Inc, (“Altius Resources”) announced today that it has

acquired ownership of an aggregate of 4,541,500 common shares (“Common Shares”) of Orogen

Royalties Inc. (TSXV: OGN) (“Orogen”), with its head office at 1201 -510 West Hastings Street

Vancouver, BC V6B 1L8. The Common Shares were acquired by Altius Resources on the TSX

Venture Exchange on the following dates: (i) on March 22, 2021, Altius Resources acquired

56,000 Common Shares and 133,000 Common Shares at $0.325 and $0.32 874 per share,

respectively; (ii) on March 23, 2021, Altius Resources acquired 127,000 Common Shares at

$0.33677 per share; (iii) on March 24 2021, Altius Resources acquired 123,000 Common Shares

at $0.32748 per share, (iv) on March 25, 2021, Altius Resour ces acquired 102,500 Common

Shares at $0.32115 per share; and (v) on March 26, 2021, Altius Resources acquired 4,000,000

Common Shares at $0.3589 per share, for an aggregate purchase price of $1,613,490.13

(collectively, the “Acquisition”).

The Common Sha res acquired by Altius Resources pursuant to the Acquisition represent an

increase in Altius Resources’ holdings of the Common Shares of approximately 2.57%.

Immediately prior to the Acquisition, Altius Resources owned 21,323,515 Common Shares

representing approximately 12.045% of the issued and outstanding common shares of Orogen.

Upon completion of the Acquisition, Altius Resources owns 25,865,015 Common Shares

representing approximately 14.615% of the issued and outstanding common shares of Orogen.

Altius Resources acquired the Common Shares for investment purposes only, and depending on

market and other conditions, Altius Resources may from time to time in the future increase or

decrease its ownership, control or direction over securities of Orogen, thr ough market

transactions, private agreements, or otherwise.

In satisfaction of the requirements of National Instrument 62 -103 – The Early Warning System

and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the

acquisition of the Common Shares by Altius Resources has been filed under Orogen’s SEDAR

Profile at www.sedar.com.

The head office of Altius is located at 38 Duffy Place, 2nd Floor, St John's, NL A1B 4M5. For

further information regarding this share acquisition by Altius, please contact Chad Wells, Vice -

President, Business Development, Altius Minerals Corporation, Tel. 1-877-576-2206.

TSX: ALS | OTCQX: ATUSF Altius Minerals Corporation

Internal

About Altius

Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to

long life, high margin operations. This strategy further provides shareholders with exposures that are well

aligned with sustainability -related global growth trends including the electricity generation transition from

fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing

agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for

many of Altius’s commodity exposures including copper, renewable based electricity, several key battery

metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project

Generation business that originates mineral projects for sale to developers in exchange for equity positions

and royalties. Altius has 41,477,653 common shares issued and outstanding that are listed on Canada’s

Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining

Indices.

For further information, please contact:

Chad Wells

Email: [email protected]

Tel: 1.877.576.2209

Flora Wood

Email: [email protected]

Tel: 1.877.576.2209

Direct: +1(416)346.9020