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ALT.V ·

Alturas - Resguardo Copper-Gold Project follow-up

Corporate Updates

PRESS RELEASE TSXV, BVL: ALT

Alturas - Resguardo Copper-Gold Project follow-up

Toronto, September 27, 20 22 – Alturas Minerals Corp. (Alturas or the “Company”) (TSX -V, BVL: ALT)

whish to inform that it continues progressing on the due diligence process on the Resguardo concession,

the Optionor and applicable technical studies.

As per the letter of intent signed with Sociedad Minera Contractual Resguardo (the “Optionor”), Alturas

had a period of three months from the signing of the LOI, as described i n Alturas Press Release dated

June 29, 2022, to conduct its evaluation. During September 2022, Alturas and the Optionor agreed to

extend the evaluation period for additional 45 days, until November 15, 2022

During the Due diligence process, n o material changes have been implemented to t he terms of the LOI .

Further updates will be issued in due course.

For details of the terms of the tra nsaction, please see our Press Release issued on June 29, 2022 , at

www.SEDAR.com

The transaction remains subject to satisfaction of the Exchange's filing requirements . and approval and

that further updates would be provided in due course

About Alturas Minerals

Alturas is a Canadian corporation, and is the indirect parent of the Peruvian co mpany, Alturas Miner als S .A.

(“Alturas Peru”) and of the Chilean company, Alt uras Chile Limitada (“Alturas Chile”). Alturas had been exploring

various mineral projects in Peru between January 2004 and 2020 and between 2012 and 2014 in Chile through its

subsidiaries. After interrupting its exploration activities in Chile and Peru due to financial constraints, Alturas is now

focusing in new business opportunities, among the Resguardo project in Chile.

ALTURAS MINERALS CORP.

“Miguel Cardozo” Chief Executive Officer

Contact: Mario Miranda

Phone: (416) 363-4900

Alturas Minerals Corp. (TSX-V: ALT)

372 Bay Street, Suite 301 Toronto, Ontario M5H 2W9

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture

Exchange) nor the Bolsa de Valores de Lima accepts responsibility for the adequacy or accuracy of this release.