Altair Records Provision on Carrying Value of Crepulje

Altair Records Provision on Carrying Value of Crepulje

VANCOUVER, BRITISH COLUMBIA – February 16th , 2018 ALTAIR RESOURCES INC. ("Altair" or

the "Company") (TSX -V: AVX; Germany FRA: 90A; ISIN: CA02137W1014; WKN: WKN A2ALMP)

Mr. Harold (Roy) Shipes, Chairman and CEO, reports on the Company’s accounting of the carrying value

of the Crepulje project located in Kosovo.

In late August 2017 the Company announced final drill results from the 2017 drill program at Crepulje.

Management and its advisors have since considered the results of the drill program and have now

determined that an impairment provision will be recorded in its December 31, 2017 interim accounts to

reduce the carrying value of the Crepulje to nil. Mr. Shipes, CEO commented “We made the decision to

impair the carrying value of Crepulje given the drill results and our decision that Crepulje will not be a

focus of the Company’s future exploration and development activities”.

ON BEHALF OF THE BOARD,

"Harold Shipes"

Harold Shipes,

Chairman & 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.