Altiplano Announces Joint Venture with Comet to explore High-Grade Cu-Au projects in Chile
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
January 3, 2017 APN: TSX ‐V
Altiplano Announces Joint Venture with Comet to explore High-Grade Cu-Au projects in Chile
January 3, 2017 - Altiplano Minerals Ltd. (TSXV: APN) (“ APN ” or the “ Company ”) is pleased to announce that the
Company has entered into an Heads of Agreement (the “ HOA ”) with Comet Exploration Ltd. (“ Comet ”) regarding a joint
venture on initially but not limited to two copper and gold projects called Farellon and Maria Luisa which are located near
the town of La Serena, Republic of Chile (collectively, the “ Projects”). Comet is a private Australian exploration and
development company with a focus in Chile principally in base metal and gold projects, held through its Chilean
subsidiary.
Pursuant to the HOA, the Company may earn up to an initial 50% in terest in the Comet Joint Venture “CJV” by funding
an aggregate of US$2,000,000 on or before May 31, 2017. The HOA anticipates that the two parties will have the CJV
agreement in place by February 10, 2017 which will provide the f ramework on the governance of the venture. It is
anticipated that a JV Committee will be comprised of two members from each company.
The projects are located within 100 km of La Serena, close to; paved highways, power, and infrastructure. The CJV will
initially focus on the Farellon Project which is comprised o f three narrow high-grade copper-gold (Cu-Au) veins with
extensive near surface underground developments along with rec ent and historic production from these veins.
Commencing in mid-January, the CJV will construct a 500 m explora tion decline approximately 50 m below the existing
workings in the footwall. The CJV will conduct diamond drilling fr om the exploration decline completing approximately
150 holes along the 500 m strike length of the decline in order to eval uate and establish mineral resources. The Farellon
and other veins in the project area are hosted in northeast- southwest structures within Cretaceous granites and volcanics
approximately 20 km northeast of Teck’s Andacollo Cu-Au Mine in Chile.
Once the Farellon project is underway the CJV will commence similar exploration activities at the Maria Luisa Proje ct.
Commencing in May an exploration drive will be developed approxi mately 50 m beneath existing workings and will be
used to facilitate drilling the Maria Luisa high-grade Cu-Au vein system. Drilling will be conducted to evaluate and
establish resources.
The transaction is subject to certain conditions, including, but not limited to, the entering into of a formal joint venture
agreement and approval of the TSX Venture Exchange.
The technical content of this News Release has been review ed and verified by John Williamson, B.Sc., P.Geol., of
Altiplano Minerals Ltd., the company’s Qualified Person as defined by National Instrument 43-101.
About Altiplano
Altiplano Minerals Ltd. (APN: TSX ‐V) is a mineral exploration company focused on evaluating and acqu iring projects
with significant potential for advancement from discovery through to production, in Canada and abroad. Management has
a substantial record of success in capitalizing opportunity , 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
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
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 explorati on 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 d iffer materially from those in the forward-looking
statements. Factors that could cause actual results to dif fer materially from those in forward-looking statements incl ude
market prices, exploitation and exploration successes, continu ity of mineralization, uncertainties related to the ability to
obtain necessary permits, licenses and title and delays due to t hird 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 ca utioned that any such statements are not
guarantees of future performance and actual results or developme nts 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 .