Altiplano Expands Operations with Second Project in Chile Underground Exploration Commences at Historic Maria Luisa Gold-Copper Mine

Altiplano Expands Operations with Second

Project in Chile

Underground Exploration Commences at Historic Maria Luisa Gold-Copper Mine

EDMONTON

,

June 13, 2018

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

(FWB:9AJ1) ("

APN

" or the "

Company

") is pleased to report commencement of underground drilling

at the historic

Maria Luisa Gold-Copper Mine

("Maria Luisa") near La Serena,

Chile

.

CEO

John Williamson

stated, "Recent underground sampling results from the lowest accessible level

(

841M

) have confirmed the records of historic high-grade production at Maria Luisa. Based on this,

APN has habilitated this level to accommodate underground drilling in order to confirm continuation of

these grades at depth, and is planning to extract a 5,000 tonne bulk sample".

Historic production records cited by Apex in their

February 10, 2017

Technical Report (news

released

March 15, 2017

) show that veins at Maria Luisa yielded an average grade of 6.85 g/t Au

and 1.89 % Cu in 600 tonnes mined between 2011 and 2015, including approximately 14 tonnes with

25.8 g/t Au and 1.69 % Cu. In 2017, APN reported channel chip samples of up to 25 g/t Au across

1.6 m

(news released

June 21, 2017

), and recent channel sampling results (see Figure 2 below)

have confirmed the presence of these high-grades at the lowest level with up to 19.21 g/t Au and

2.27 % Cu across

1.1 m

(see Figure 1 below).

Figure 1. Showing channel sample #34789 at the 841M Level yielding a grade of 19.2 g/t Au and

2.3%Cu across 1.1m. (CNW Group/Altiplano Metals Inc.)

Surface diamond drilling completed in 2017, intersected continuation of the veins ~50 m underneath

the

841M

Level, but poor core recovery of only 50% indicates that the grades assayed, albeit good

(

1 m

@ 6.95 g/t Au and 0.03% Cu), may have underestimated the true grade. The Company will

now conduct an underground drilling program of 3 fences of 3-4 short holes close to the observed

high-grade sources to better test the opportunity at Maria Luisa.

Between April and

June 2018

, the Company conducted underground work to expand the

841M

level

and improve access in order to accommodate new underground drilling where sampling and mapping

have delineated high-grade gold and copper mineralization of similar tenor to the gold-copper ore

mined and sold by historical operators.

Following the drill testing the Company intends to extract a 5,000 tonne bulk sample to confirm the

potential to produce a 43-101 resource estimation. In order to extract this sample, the Company is

planning to rehabilitate and deepen a shaft that presently goes from surface to the

858M

level. The

shaft will be extended down to the

835M

level (

23 m

deeper), and will enable extraction of

mineralized vein material from the bottom.

Figure 2. Showing the results of channel and grab sampling and planned underground drilling. (CNW

Group/Altiplano Metals Inc.)

Osbaldo Zamora Vega

, Ph.D, P.Geol., Vice President of Exploration for Altiplano, is the Qualified

Person as defined in National Instrument 43-101 who has reviewed and approved the technical

contents of this press release.

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.altiplanominerals.com

.

ON BEHALF OF THE BOARD

/s/ "John Williamson"

President and CEO

Tel: (780) 966-7014

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.

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For further information:

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

1467

CO: Altiplano Metals Inc.

CNW 03:05e 14-JUN-18