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APN.V ·

Altiplano to Commence Underground Drilling at Farellon Copper-Gold Vein System, Chile

Exploration Programs

APN: TSX.V

210 – 8429 24th Street

Edmonton, Alberta, T6P1L3

www.altiplanominerals.com

April 20, 2017 APN: TS X ‐V

Altiplano to Commence Underground Drilling at Farellon Copper-Gold Vein System, Chile

April 20, 2017 - Altiplano Minerals Ltd. (TSX-V: APN) (“ APN ” or the “ Company ”) is pleased to announce the

commencement of underground drilling at the company’s Comet Joint Venture (CJV), near La Serena, Chile.

To date, the CJV has advanced the 3.5 m high by 3.5 m wide adit approximately 95 m at a 15% decline from surface. At

95m the adit intersected the Farellon Vein system over a tr ue width at that point of 1.8 m. The adit was continued f or an

additional 8-10 m at which point it turned to run parallel t o the vein in the footwall behind the vein. As of this rel ease

work continues on the adit and it has advanced an additiona l 35 m in the footwall parallel to and about 7 m behind the

vein.

The underground drill and associated gear was purchased from a Canadian supplier and has now cleared Chilean Customs

and arrived at site. Drilling will commence within a few days and continue for the next few months. The underground

drilling will consist of short 10-25m holes along an optimal pattern to confirm an underground resource and reserve.

Concurrent to the drill program Altiplano continues to ad vance the underground adit an additional 360 m to its targeted

length of 500m.

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

[email protected]

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.

APN: TSX.V

210 – 8429 24th Street

Edmonton, Alberta, T6P1L3

www.altiplanominerals.com

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 o f 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 .