Private Placement Financing

Private Placement Financing

VANCOUVER, BRITISH COLUMBIA – July 30th, 2020: 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, is pleased to announce that the Company will conduct a private placement financing of

up to 10 million units (each a “Unit”) at $0.025 per Unit to raise gross proceeds of $250,000. Each Unit will

comprise one common share (a “Share”) and one common share purchase warrant (a “Warrant”), with each

Warrant entitling the holder to purchase an additional Share for a period of two years at a price of $ 0.05.

Proceeds from the financing will be used for working capital purposes. The financing is subject to the approval

of the TSX Venture Exchange.

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.

Forward Looking Statement Caution

Certain information contained in this news release constitutes “forward -looking information” or “forward -looking

statements” (collectively, “ forward-looking information”). Without limiting the foregoing, such forward -looking

information includes statements regarding the composition of the Plant and its intended use, the issuance of the

Consideration Shares and any statements regarding the Compa ny’s business plans, expectations and objectives. There

can be no assurance that the Company will proceed to satisfy the conditions necessary to complete the acquisition of the

Plant, including obtaining legal title to the Plant and completing the cash payment and the issuance of the Consideration

Shares. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”,

“intend”, “plan”, “estimate” and similar words and the negative form thereof are used to id entify forward looking

information. Forward looking information should not be read as guarantees of future performance or results, and will

not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved.

Forward-looking information is based on information available at the time and/or the Company management’s good

faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other

unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these

and other factors and assumptions underlying the forward -looking information made in this news release, see the

Company’s most recent Management’s Disc ussion and Analysis and financial statements and other documents filed by

the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents

are available at www.sedar.com under the Company’s profile. The forward-looking information set forth herein reflects

the Company’s expectations as at the date of this news release and is subject to change after such date. The Company

disclaims any intention or obligation to upd ate or revise any forward -looking information, whether as a result of new

information, future events or otherwise, other than as required by law.