ALS.TO · 2020-05-11 12:00:00

Ticker Symbol: 20-May-2020 ALS.TSX Civic Address: Altius Minerals Corporation

Corporate Updates

Date:

Ticker Symbol:

20-May-2020

ALS.TSX

Civic Address:

Altius Minerals Corporation

2nd Floor, 38 Duffy Place St. John’s, NL

A1B 4M5, CANADA

Website: www.altiusminerals.com

Toll Free: 1.877.576.2209

Fax: 709.576.3441

e-mail: [email protected]

Altius Implements a Dividend Reinvestment Plan

St. John’s – (TSX: ALS; OTCQX: ATUSF) Altius Minerals Corporation (“Altius” or the “Corporation”) announced that it has

received regulatory approval for the adoption and implementation of a new dividend reinvestment plan ("DRIP") that allows

shareholders to automatically reinvest their dividends in new shares of the Corporation. The first dividend payment for which

the DRIP applies is the dividend declared by the Board on May 11, 2020, with record date of May 29, 2020 and payment

date of June 15, 2020. The DRIP will remain in place for all dividends going forward.

The DRIP will allow shareholders the option to increase their share position in the Corporation at a discount to the

prevailing market price and without incurring any transaction costs, by electing to receive common shares in place of cash

dividends.

Enrollment in the DRIP is optional. Further information on the plan, including the enrollment form, is available on the

Company’s website at www.altiusminerals.com. In order to be eligible to participate in respect of the June 15, 2020

dividend, completed enrollment forms must be received by 4:00 pm ET May 22, 2020, being five business days prior to

the record date. Registered shareholders wishing to participate must complete the enrollment form and deliver it to the

transfer agent as specified on the website, with delivery by email being allowed. Non -registered holders who hold shares

through a brokerage can give instructions to the brokerage enabling them to enroll. Enrollment forms received after May

22, 2020 will be accepted in respect of the next and future dividends declared by the Corporation.

The Company has the discretion to elect to issue such common shares at up to a 5% discount to the prevailing market

price from treasury, or purchase the common shares on the open market including the facilities of the Toronto Stock

Exchange.

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 generatio n transition from fossil fuel to renewables, transportation

electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These 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. Altius has 41,643,496 common

shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a memb er of both the S&P/TSX

Small Cap and S&P/TSX Global Mining Indices.