Altius Re-Establishes Normal Course Issuer Bid

Date:

News Release:

Ticker Symbol:

20-Aug-2018

ALS.TSX

Civic Address:

Altius Minerals Corporation

Suite 202, 66 Kenmount Road

St. John’s, NL, A1B 3V7, CANADA

Website: www.altiusminerals.com

Toll Free: 1.877.576.2209

Fax: 709.576.3441

e-mail: [email protected]

Mailing Address:

Altius Minerals Corporation

P.O. Box 8263 Stn “A”

St. John’s, NL, A1B 3N4, CANADA

ALTIUS RE-ESTABLISHES NORMAL COURSE ISSUER BID

St. John’s - Altius Minerals Corporation (“Altius”) is pleased to announce that it has renewed its Normal Course Issuer Bid

(“NCIB”) and it may purchase at market price up to 814,972 common shares (“Shares”), being 1.89% of its 43,215,026

issued and outstanding shares as of August 10, 2018, by way of a normal course issuer bid (“NCIB”) through the facilities

of the Toronto Stock Exchange (“TSX”). The bid is subject to regulatory approval. The NCIB will commence August 22,

2018 and will end no later than August 21, 2019. Any Shares purchased during the NCIB will be cancelled and returned to

treasury.

The TSX rules permit Altius to purchase daily, through TSX facilities, a maximum of 10,558 Shares under the NCIB. During

the previous 12 months, Altius purchased a total of 48,400 shares throug h market purchases on the Toronto Stock

Exchange at a weighted average price of $12.45 per share while its approval allowed for it to purchase up to a maximum of

2,038,535 shares. The reason for the NCIB is that, in the opinion of the board of directors, the value of Altius, based on

anticipated cash flows and underlying asset values, is from time to time greater than the then aggregate market price of the

Shares and accordingly the acquisition of Shares under the NCIB represents an appropriate use of fund s.

About Altius

Altius directly and indirectly holds diversified royalties and streams which generate revenue from 15 operating mines. These

are located in Canada and Brazil and produce copper, zinc, nickel, cobalt, iron ore, potash and thermal (electrical) and

metallurgical coal. The portfolio also includes numerous pre -development stage royalties covering a wide spectrum of

mineral commodities and jurisdictions. It also holds a large portfolio of exploration stage projects which it has generated for

deal making with industry partners that results in newly created royalties and equity and minority interests.

Altius is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.

For further information, please contact Flora Wood or Chad Wells at 1.877.576.2209