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APN.V ·

ALTPF: OTCQB 9AJ1: FWB Altiplano Announces Initial Farellon Drill Results and Operations Update

Drill Results Mine Development & Operations

APN: TSX.V

210 – 8429 24th Street

Edmonton, Alberta, T6P1L3

www.altiplanominerals.com

APN: TSX-V

ALTPF: OTCQB

9AJ1: FWB

Altiplano Announces Initial Farellon Drill Results and Operations Update

June 13, 2017 - Altiplano Minerals Ltd. (TSX-V: APN) (OTCQB:ALTPF) (FWB: 9AJ1) (“ APN ” or the “ Company ”) is

pleased to announce a project update including initial C opper results from the chip sampling and drilling at the Fa rellon

Cu-Au vein system, near La Serena Chile.

To date, the Farellon decline has advanced over 240m to a depth that is 25m beneath the Alejandro adit where Cu-Au ore

was mined to a depth of 70m in the past (Figure 1). Histo rical production from the Farellon Vein system was reported to

be approximately 300,000 tonnes at an average grade of 2.5% Copper and 0.50 g/t Au.

The initial results are positive, being well within the r ange of expectation and correlating well with historical and Comet

Joint Venture (CJV) results from above in the Alejandro a dit. Based on the current sampling and drilling within the

Farellon decline and the Alejandro adit above, the vein syste m has a consistent width between 95m and 210m, of about

1.6-1.8m and a consistent grade of between 1.17 % Cu and 1.21 % Cu. This zone has a consistent higher-grade portion of

0.5-0.6m of over 3.2 % Cu. The CJV expects to be drilling beneath the higher-grade portion in the next few weeks (Figure

2).

APN: TSX.V

210 – 8429 24th Street

Edmonton, Alberta, T6P1L3

www.altiplanominerals.com

To date, sample results have been received for 3 points along the 240m Farellon decline. A chip sample result at the 95m

intersection of the decline and the vein system, drill hole 001, at 120 m, and drill hole 002 at 210m. Results are shown in

Table 1 below. Gold grades are not yet available but are currently in the lab for assay.

Table 1: Chip sample and drill results

Hole Intersection

Tunnel (m) From To Width Cu%

Tunnel 95 1.9 1.19

includes 0.55 3.22

Hole 1 110 3.1 4.9 1.8 1.21

includes 3.1 3.7 0.6 3.22

Hole 2 210 10 11.6 1.6 1.17

includes 10 10.8 0.8 1.95

APN: TSX.V

210 – 8429 24th Street

Edmonton, Alberta, T6P1L3

www.altiplanominerals.com

CEO John Williamson stated, ‘We are very encouraged by the results reported in this update as they are consistent in both

grade and widths with the historical data. We believe the results from the drill program will continue to add validation and

a more defined view of the scale of this project for our investors. As we continue to advance the project at a rap id pace,

further news on drilling and assay results will be available soon.’

Altip lano Minerals Ltd. (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 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.

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 .