Alturas Minerals Update on the Resguardo Project and announces voluntary delisting from the Lima Stock Exchange
PRESS RELEASE TSXV, BVL: ALT
Alturas Minerals Update on the Resguardo Project and
announces voluntary delisting from the Lima Stock Exchange
Toronto, Canada, January 17, 2025 – Alturas Minerals Corp. (the “Company”) (TSX-V) is pleased to
provide an update on the Lease agreement with Sociedad Contractual Minera Resguardo (“Minera
Resguardo” or the “Optionor”), a Chilean mining ex ploration company, to leas e and acquire 100% of its
Resguardo Copper-Gold Project (the “Concessions” or “Resguardo”), located about 95 km northeast of
Copiapo, in Region III of northern Chile, referred to as “Región de Atacama”.
The transaction remains subject to regulatory and TSX- V approvals, which is in the process of reviewing
all the required documentation. The principal elements for the Company to fulfill are:
Securing sufficient funds to initiate the recommended exploration campaign indicated in its 43-
101 report dated June 29, 2022. Alturas is review ing different alternatives, including a private
placement to secure the USD 450,000 required in such report.
Reissue an independent legal and title opinion, within 30 days of the closing of the transaction.
As the Company did not fulfill its May 31, 2024 payment obligation with the Opti onor, the parties have
agreed to an extension of all the deadline dates es tablished in the original Option and Lease Agreement
signed on May 31, 2023. The parties are currently documenting these changes.
The Company intents to enter production within six to nine months after generating sufficient cash
flows to fund Alturas Resguardo project in as well as cover general and administration expenses.
The Company has delineated target areas and defined its exploitation and pro duction approach at the
Resguardo project and has obtained a resolution of the Environmental Evaluation Service of the
Atacama Region, indicating that the “Exploration Pr oject Minera Resguardo does not require mandatory
entry into the SEIA (Environmental Impact Assessment System) prior to its execution “.
Delisting from the Lima Stock Exchange:
During December 2024, Alturas comple ted the required documentation to delist the Company from the
Lima Stock Exchange. Considering that Alturas ha s not operated in Peru since 2020 and the cost
associated with maintaining such listing, the Board of Directors of the Company decided to delist its
shares from such board.
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About Alturas Minerals
Alturas is a Canadian corporation, and is the indirect parent of the Peruvian company, Alturas Minerals S.A.
(“Alturas Peru”) and of the Chilean company, Alturas 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 on new business opportunities, including the initiation of mining operations in Chile.
Qualified Person
Scott Jobin-Bevans (PhD, PMP, P.Geo.), an independent qualified person (“QP”) as defined in National
Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the
Company. The QP as part of his involvement as Principal Geoscientist with Caracle Creek International
Consulting Inc. has visited the Resguardo Copper Project and has completed sufficient work to verify the historic
information on the Concessions, particularly regarding historical exploration, neighboring companies, and
government geological work.
ALTURAS MINERALS CORP.
“Miguel Cardozo” Chief Executive Officer
Contact: Mario Miranda
Phone: (416) 363-4900
Alturas Minerals Corp. (TSX-V: ALT)
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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.
Cautionary Language and Forward-Looking Statements
This press release may contain “forward-look ing statements”, which are subject to va rious risks and uncertainties that could
cause actual results and future events to differ materially from those expressed or im plied by such statements. Investors are
cautioned 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
securities authorities