Altair Announces CFO Appointment and Property Acquisition

Altair Announces CFO Appointment and Property Acquisition

VANCOUVER, BRITISH COLUMBIA – May 10, 2021: ALTAIR RESOURCES INC. (“ALTAIR” or the Company”)

(TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. Jeffrey Steiner, on

behalf of the Board, is pleased to report that Mr. Jack R Cartmel has been appointed as CFO of Altair

effective May 10, 2021.

Jack Cartmel is a Vancouver-based Chartered Professional Accountant with over 15 years of experience in

the mining industry. Jack has been involved and assisted numerous public companies implement their

strategic business plans. As part of ALTAIR’s compliance action plan the appointment of a new CFO

achieves separation of that role from the CEO pursuant to T SX Venture Exchange regulations, as Mr.

Steiner has served as the Interim-CFO in recent months.

The Company has also finalized a non -binding letter of intent (the “Agreement”) with International

Millennium Mining Inc. to acquire a 65% interest in the Sim on Property located in the state of Nevada.

The Agreement provides for staged share payments with 500,000 shares of the Company to be issued

upon receipt of regulatory acceptance to the Agreement. To fully earn its interest the Company will have

to issue an additional 1.5 million shares over six years. Cash payments of US$2,000 per month,

commencing August 2021, will also be required pursuant to the Agreement. The exploration commitment

for the first year of the option is US$85,000. To fully earn its inter est an additional US$2.115 million of

exploration expenditures will be required by the end of the six-year option term.

The Simon Property, located in the Cedar Mountains, approximately 90 km east of Hawthorne, Nevada, is

a polymetallic past producer, t hat was mined intermittently between 1916 and 1968. More recent

exploration work, which included 3D IP resistivity surveying, magnetic surveying, mobile metal ion

geochemistry sampling, and geological mapping, carried out in 2007 and 2008, has identified six

anomalous zones, four of which are prime targets for further exploration, including drilling. These targets

include silver/lead/zinc mineralization; gold, with silver and copper mineralization; gold/silver/copper

with minor amounts of lead, zinc and antimony; and molybdenum, with anomalous values of copper and

antimony. The reader is cautioned that these data cannot be relied upon for investment purposes and

that any such data need to be confirmed by a Qualified Person.

The material in this press release has been reviewed and approved by Dr. Stewart A Jackson, PGeo ., a

Qualified Person under National Instrument 43-101, and independent of the Company.

This is the first property acquisition which ALTAIR has arranged in 2021, and the Company is continuing

with its consideration and negotiations on other properties. The Company is evaluating potential precious

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metal and non -ferrous metal opportunities in North America and Africa, in addition to Kazakhstan and

Central Asia.

ON BEHALF OF THE BOARD,

"Jeffrey Steiner"

Jeffrey Steiner, Board Chair and Interim President & CEO

Neither 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.

Forward-Looking Statements:

This press release contains forward- looking statements with respect to the Company. By their nature,

forward-looking statements are subject to a variety of factors that could cause actual results to differ

materially from the results suggested by the forward-looking statements. In addition, the forward-looking

statements require management to make assumptions and are subject to inherent risks and uncertainties.

There is significant risk that the forward- looking statements will not prove to be accurate, that the

management’s assumptions may not be correct and that actual results may differ materially from such

forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking

statements.

Generally forward-looking statements can be identified by the use of terminology such as “anticipate”,

“will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar

expressions. Forward-looking statements contained in this press release may include, but are not limited

to, the completion of the private placement and the Company receiving regulatory approval to the partial

revocation order. These forward- looking statements are based on a number of assumptions which may

prove to be incorrect including, but not limited to, the Company receiving regulatory approval to the

private placement and the partial revocation order application.

The forward-looking statements contained in this press release are made as of the date hereof or the dates

specifically referenced in this press release, where applicable. Except as required by law, the Company does

not undertake any obligation to update publicly or to revise any forward- looking statements that are

contained or incorporated in this press release. All forward- looking statements contained in this press

release are expressly qualified by this cautionary statement.