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Alto Confirms Share Consolidation

Corporate Actions

NEWS RELEASE

ALTO CONFIRMS SHARE CONSOLIDATION

Vancouver, B.C., June 29 , 2020 . Alto Ventures Ltd. (ATV: TSX -V) (“Alto” or the “Company”) is pleased to

announce that, further to its earlier news releases of February 4, 2020 and March 6, 2020, it has completed the

consolidation of its common shares on the basis on one (1) “new” common share for five (5) “old” common

shares. Effective Thursday, July 2, 2020, the common shares of the Company will commence trading on the TSX

Venture Exchange on a consolidated basis under the same stock symbol “ATV”.

Letters of transmittal describing the process by which shareholders may obtain new certificates representing

their consolidated common shares will be mailed shortly to registered shareholders. Sha reholders who hold

their shares through a broker or other intermediary and do not have shares registered in their name will not be

required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation

and any frac tion will be rounded to the nearest whole number. The new CUSIP/ISIN numbers are

021550306/CA0215503065.

Following consolidation and subject to rounding, Alto will have issued and outstanding 11,274,659 common

shares. All outstanding options and warrants of the Company will be adjusted accordingly to reflect the share

consolidation.

About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospec tive Canadian

gold properties. The Company is active in the Abitibi greenstone belt in Quebec on the Destiny gold property

and also has projects in the Beardmore-Geraldton gold belt in Ontario and the Oxford Lake project in Manitoba.

For more details regarding the Company’s projects, please visit our website at www.altoventures.com.

ON BEHALF OF THE BOARD,

Richard J. Mazur, P. Geo.,

CEO

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.

For further information contact:

Rick Mazur,

CEO and Director

ALTO VENTURES LTD.

ALTO VENTURES LTD.

Suite 615 - 800 W. Pender Street

Vancouver, B.C. V6C 2V6

Tel: 604.689.2599

Fax: 604.689.3609

www.altoventures.com

[email protected]

Suite 615-800 W. Pender Street

Vancouver, BC, V6C 2V6

Tel: 604-689-2599

Fax: 604-689-3609

Email: [email protected]