Altiplano Minerals provides Q1 Corporate Update and Earn-In Achievement on the Comet Joint Venture
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
March 29, 2017 APN: T SX ‐V
Altiplano Minerals provides Q1 Corporate Update and Earn-In Achievement on the Comet Joint Venture
March 29, 2017 - Altiplano Minerals Ltd. (TSX-V: APN) (“ APN ” or the “ Company ”) is pleased to provide an update on
its activities and achievements in Q1 2017. The Company has be en extremely focused at both the corporate and project
level with highlights in both areas listed below.
Joint Venture Update
Further to the Company’s press release dated February 10, 2017, Altiplano can confirm fulfillment of its requirements to
earn an initial 20% interest in the copper and gold projects called Farellon and Maria Luisa.
Pursuant to the joint venture agreement with Comet Exploration Ltd., the Company has quickly earned the initial 20%, by
funding US$0.75 million in expenditures. Many of the highlights listed below have contributed to this achievement.
CEO John Williamson stated, ‘To achieve this milestone so quickly, after signing the JV agreement less than 6 weeks ago,
is a strong testament to the pace at which we intend to advance this project. Our message in that regard has be en
consistent and this achievement provides further validation of our execution plan to shareholders and potential investors.’
Further to the agreement, the next milestone with respect to the earn-in will occur at 35% or 50% interest in the JV,
respectively, by funding up to an aggregate of US$1.25 million, or US$2.0 million, respectively.
Completed Highlights – Q1
Project
• Signed an initial heads of agreement and ultimately finalized the formal Joint Venture agreement with
Comet Exploration Ltd. on (initially) two copper and gold pro jects called Farellon and Maria Luisa
located near the town of La Serena, Chile
• Commencement of underground operations at Farellon Project which has included: the negotiation
and signing of an initial 100 m mining contract, advance underground adit 125 m to intersect Farellon
Vein system beneath existing workings and install a vent rise at 100 m
• Negotiate and sign second underground mining contract for the next phase (100 – 400 m) which is
currently underway
• Equipment purchase and requisition including an undergroun d diamond drill, 60 kwt generator, air
compressor, sea can storage and Shot Crete equipment
• Completion of the upgrades and construction to the haul road
Corporate
• Fort Capital was retained as a capital markets advisor and to provide advice on strategic opportunities
(www.fortcapital.ca )
• Closed oversubscribed financing to raise $3M
• Initiated Board reconstitution; appointed Mr. Jeremy Yaseniuk to Board
(http://altiplanominerals.com/corporate/management_board/ )
• Investor relations role filled by Ms. Lisa May
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
About Altiplano
Altiplano Minerals Ltd. (APN: TSX ‐V) is a mineral exploration company focused on evaluating and a cquiring projects
with significant potential for advancement from discovery through to production, in Canada and abroad. Management has
a substantial record of success in capitalizing opportun ity, 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
For further information, please contact:
Lisa May, Investor Relations
Tel: (778) 288-2737
Renmark Financial Communications Inc.
Laura Welsh: [email protected]
Tel.: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.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 "for ward-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 as sumptions, 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 materi ally 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 ma y differ materially from those projected in the
forward-looking statements. For more information on the Company, inv estors should review the Company's continuous
disclosure filings that are available at www.sedar.com .