Altair Completes Non-Brokered Private Placement

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ALTAIR COMPLETES NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, BRITISH COLUMBIA – AUGUST 25, 2016: ALTAIR RESOURCES INC. (“Altair” or the “Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP) Mr. John Huguet, Chairman of the Board, announces that further to the Company’s news release dated June 20, 2016, as amended July 7, 2016, the Company has completed its non-brokered private placement financing by issuing 1,360,000 units of the Company (the “Units”), at a price of $0.20 per Unit, to raise gross proceeds of $272,000. Each Unit comprised one common share and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.25 per share for a period of three years from closing. Proceeds will be used for working capital. All securities issued will be subject to a hold period of four months plus a day from the date of closing. The Company will not be proceeding with the remaining balance of the private placement at this time.

To learn more about Altair, please visit http://altairresources.com.

ON BEHALF OF THE BOARD,

“John Huguet”

John Huguet, FCPA, FCMA Chairman and Independent Director

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.