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ALT.V ·

Alturas Minerals Annual Filings Update

Financials

Alturas Minerals Annual Filings Update

Toronto, March 30, 2020 – Alturas Minerals Corp. (the “Company” or “Alturas”) (TSX-V, BVL: ALT) is providing an

update on the status of the filing of its annual financial statements and accompanying management's discussion

and analysis, annual information form and related CEO and CFO certifications for the financial year ended

December 31, 2019 (collectively " Annual Filings").

On March 23,2020, the Canadian Securities Administrators (CSA) published a blanket relief providing

issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed

to focus on the many other business and financial reporting implications of COVID-19. Alturas will rely on this

exemption with respect to the Annual Filings in accordance with Ontario Instrument 51-502Temporary Exemption

from Certain Corporate Finance Requirements.

The Company is continuing to work diligently and expeditiously with its auditors to file the Annual Filings on or around

April 24, 2020 and by no later than May 14, 2020. In the interim, management and other insiders of the Company

are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207, Failure to-

File Cease Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that since the filing of its interim consolidated financial statements for the three months ended

September 30, 2019, there have been no material business developments other than those disclosed through

news

releases.

About Alturas Minerals Corp.

Alturas is a Canadian corporation, and is the parent company of Alturas Minerals S.A. (“Alturas Peru”)

and Alturas Chile Ltda (“Alturas Chile”). Alturas’ exploration strategy is focused on the discovery of

large epithermal gold mineralized deposits and cop per-gold porphyry/skarn deposits in Peru and

Chile.

Alturas Peru has been exploring various mineral projects in Peru since January 2004. Alturas’

properties include projects includes projects located in central and southern Peru including the

Sombrero Copper-Gold Project, currently optioned to Auryn Resources Ltd. And the Pampa Colorada

Project, currently optioned to Origen Group S.A.C.

For further information, please visit the Company's website at www.alturasminerals.com

For further information please contact Alturas at:

Phone: (416) 363-4900

Email: [email protected]

Alturas Minerals Corp.

301-372 Bay St., Toronto, ON, M5H 2W9

and

(“Alturas Peru”) Av. Javier Prado Este 1238, Corpac, San Isidro in Lima, Peru.

Should you wish to receive Company news via email, please email [email protected] and

specify “Alturas News” in the subject line

The TSX Venture Exchange and the Bolsa de Valores de Lima do not accept responsibility for the

adequacy or accuracy of this release.

Cautionary Language and Forward Looking Statements

This press release may contain “forward -looking statements”, which are subject to various risks and

uncertainties that could cause actual results and future events to differ materially from those

expressed or implied by such statements. Investors are caut ioned that such statements are not

guarantees of future performance and results. Risks and uncertainties about the Company’s

business are more fully discussed in the Company’s disclosure documents filed from time to time

with the Canadian and Peruvian sec urities authorities

Disclosure

This press release contains forward-looking information within the meaning of Canadian securities laws. Although the

Company believes that such information is reasonable, it can give no assurance that such expectations will prove to

be correct.

Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate,

forecast, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company

cautions investors that any forward-looking information provided by the Company are not guarantees of future results

or performance, and that actual results may differ materially from those in forward looking information as a result of

various factors, including, but not limited to: the state of the financial markets for the Company's equity securities;

recent market volatility; the Company's ability to raise the necessary capital or to be fully able to implement its business

strategies; the risks identified in the Filing Statement, and other risks and factors that the Company is unaware of at

this time. The reader is referred to the Filing Statement dated September 25, 2017 and/or the most recent annual and

interim Management's Discussion and Analysis for a more complete discussion of such risk factors and their potential

effects, copies of which may be accessed through the Company page on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.