Altiplano Announces Acquisition of Comet's Interests in Chilean Joint Venture and Announces Shareholder Update Call APN: TSXV ALTPF: OTCQB 9AJ1: FWB

Altiplano Announces Acquisition of Comet's Interests in

Chilean Joint Venture and Announces Shareholder Update Call

APN: TSXV

ALTPF: OTCQB

9AJ1: FWB

EDMONTON

,

Dec. 11, 2017

/CNW/ - Altiplano Minerals Ltd. (TSXV: APN) ("

APN

" or the "

Company

"): APN today announces that the

Company has entered into a binding letter of intent (the "

LOI

") with Comet Exploration Ltd. ("

Comet

") in respect of acquiring all of Comet's

remaining 50% interest in their Chilean joint venture (the "

CJV

") for two copper and gold projects called the Farellon and

Maria Luisa

projects,

which are located near the town of La Serena,

Republic of Chile

(collectively, the "

Projects

"). The LOI results in APN acquiring a 100%

undivided interest in the Projects. Moving forward, APN will be the operator of the Projects, and the CJV is effectively terminated.

APN's CEO

John Williamson

commented, "The underpinnings of this transaction are the possible near-term production and cash-flow potential of

our workings below the historic Farellon Mine; the medium-term potential of the historic

Maria Luisa Mine

project once we decipher its complex

geology; and the longer-term potential of applying our expertise and experience to identify and capitalize on new mining opportunities in

Chile

. We

would like to thank Comet for their clear vote of confidence, entrusting us to advance their flagship projects in a professional and entrepreneurial

manner. We look forward to exceeding expectations."

Pursuant to the LOI, the Company must issue to Comet 7.5 million common shares at a deemed value of

$0.20

per share, and pay

A$50,000

to

Comet within the next 90 days, in consideration of Comet's issuance to APN of common shares of Comet at a price of

A$0.10

per share or

lower, on the sale terms as will be offered to arm's length third parties. In addition, Comet will retain a 10% net profits interest in the Projects, until

Comet has been paid

C$1.5 million

.

The LOI is subject to certain conditions, including the acceptance of the TSX Venture Exchange.

Altiplano will host a live shareholder update conference call on

Friday, December 15, 2017

, at

1:15 p.m. PST

. Callers should dial in five to ten

minutes prior to the scheduled start time.

Accessing the conference call by phone will depend on your region as follows: within

Canada

and

the United States

dial 1-866-512-0904 and

enter passcode 4156999; within

Germany

dial 0800-589-4596 and enter passcode 4156999; and within

Austria

dial 0800-297228 and enter

passcode 4156999. For other regions, please contact

Jeremy Yaseniuk

at the details below prior to the start time.

About Altiplano

Altiplano Minerals Ltd. (APN: TSX

V)

is a mineral exploration company focused on evaluating and acquiring projects with significant potential

for advancement from discovery through to production. Management has a substantial record of success, in

Canada

and abroad, capitalizing on

opportunities, overcoming challenges and building shareholder value. Additional information concerning Altiplano can be found on its website at

www.altiplanominerals.com

.

ON BEHALF OF THE BOARD

/s/ "John Williamson"

President and CEO

Tel: (780) 437-6624

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

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

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than

statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company

expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements

are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may

differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in

forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties

related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government

policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and

general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future

performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more

information on the Company, investors should review the Company's continuous disclosure filings that are available at

www.sedar.com

.

SOURCE

Altiplano Minerals

View original content with multimedia: http://www.newswire.ca/en/releases/archive/December2017/11/c6323.html

%SEDAR: 00030745E

For further information:

Jeremy Yaseniuk, Director, [email protected], Tel: (604) 773-1467

CO: Altiplano Minerals

CNW 17:50e 11-DEC-17