Altiplano Announces Proposed Private Placement

Altiplano Announces Proposed Private

Placement

EDMONTON

,

Aug. 29, 2018

/CNW/ - Altiplano Metals Inc. (APN: TSXV) (ALTPF: OTCQB) (9AJ1:

GER) ("

APN

" or the "

Company

") is pleased to announce that it has arranged a non-brokered private

placement (the "

Offering

") of up to 4,000,000 units (the "

Units

") at

C$0.25

per Unit to raise up to

C$1,000,000

in gross proceeds. Each Unit will consist of one (1) common share and one (1) non-

transferable share purchase warrant (the "

Warrants

") of the Company. Each Warrant will be

exercisable to acquire one (1) additional common share for two years from the closing date of the

Offering at a price of

C$0.35

per share. The Company may pay finder's fees raised in connection

with the financing to arm's length finders in accordance with the policies of the TSX Venture

Exchange and as permitted by law.

Completion of the Offering is subject to the delivery of definitive subscription agreements and TSX

Venture Exchange's acceptance. All of the securities issued pursuant to this Offering will have a

hold period expiring four months and a day after the closing date. The net proceeds of the Offering

will be used primarily for the Company's Farallon Project,

Chile

, and for general working capital

purposes.

About Altiplano

Altiplano Metals Inc. (APN: TSX

V)

is a mineral exploration company focused on evaluating and

acquiring 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.apnmetals.com

.

ON BEHALF OF THE BOARD

/s/ "John Williamson"

President and CEO

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 Metals Inc.

View original content: http://www.newswire.ca/en/releases/archive/August2018/29/c6431.html

%SEDAR: 00030745E

For further information:

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

1467

CO: Altiplano Metals Inc.

CNW 15:00e 29-AUG-18