Altiplano Minerals Provides Update and Announces Earn-In Milestone on the Comet Joint Venture, Chile
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
May 9, 2017 APN: TSX ‐V
Altiplano Minerals Provides Update and Announces Earn-In Milestone on the Comet Joint Venture, Chile
May 9, 2017 - Altiplano Minerals Ltd. (TSX-V: APN) (“ APN ” or the “ Company ”) is pleased to provide an update on the
status of the Comet Joint Venture (CJV) current earn-in status.
Earn-In Status 35% Completed
Further to the Company’s press release dated February 10, 2017, Altiplano can confirm fulfillment of its requirements to
earn a 35% interest in the CJV with Comet Exploration Lt d. The CJV comprises two Copper-Gold development projects
in Chile named: Farellon and Maria Luisa. Pursuant to the joint venture agreement with Comet Exploration Ltd., th e
Company has earned its interest by funding US$1.25 million in exploration and development expenditures. Further to the
agreement, the next milestone with respect to the earn-in w ill occur at 50% interest in the JV, by funding to an aggreg ate
of US$2.0 million.
Joint Venture Update
To date, the adit has advanced a total of 191 m. The under ground advancement is averaging approximately 4m per day,
but with the installation of the air vent, productivity is ex pected to increase to 6m per day. During April, the CJV
completed the first formal survey of the underground adit whic h will facilitate accurate location of drilling which fe eds
into the upcoming resource work.
At Maria Luisa, preparations have begun to dewater the low er levels of the underground workings for access for further
geological work, surveying and engineering design work expected to be conducted over the coming weeks.
CEO John Williamson stated, ‘We are very pleased to be ab le to advise the investment community of our earn-in
obligations and the continued rapid advancement of infrast ructure, development, drilling, surveying which feeds into
upcoming resource work prior to a potential production decision. We have, and will, continue to advance this proj ect at a
rapid pace as we have consistently messaged to our shareholders and potential investors.’
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
APN: TSX.V
210 – 8429 24th Street
Edmonton, Alberta, T6P1L3
www.altiplanominerals.com
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 thir d 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 .