HHH.V · 2022-05-04 12:00:00

Altan Nevada Announces Interim CEO, New Corporate Secretary

Management Changes

Vancouver, BC – May 4, 2022 – Altan Nevada Mine rals Limited ("Altan Nevada" or the

"Company") (TSXV: ANE) announces that Paul Stephen has resi gned as Chief Executive Officer,

Director and Corporate Secretary with immediat e effect. The Company is pleased to announce the

appointment of Kerry Griffin as Interim Chief Ex ecutive Officer while the Company undertakes the

process of identifying a permanent replacement for Mr. Stephen as Chief Executive Officer.

Mr. Griffin has over 27 years of extensive hand s-on global experience in corporate leadership,

mine/resource development and management in Australia, Africa, South/Central America, Central and

SE Asia. In the copper space, Kerry was a member of the Oyu Tolgoi discovery team and was recently

the Mine Manager at the Kipoi Copper Mine in the DRC. He has served on several ASX and TSX

boards and is currently a Direct or of Altan Rio (TSX:AMO). Mr Griffin received his undergraduate

degree in 1993 and post graduate diploma in 1994 fr om the University of Canterbury, New Zealand.

He is a member of the Australian Institute of Geoscientists and the Society of Economic Geologists.

The Company is also pleased to announce the appo intment of Brian Cole as Corporate Secretary of

the Company. Mr Cole has a Bachelor of Business degree from the Western Australian Institute of

Technology, specializing in Business Law and Acc ounting. He is a Chartered Accountant and

Chartered Management Consultant and is currently a Director of the Company.

Commenting on the changes, Altan Nevada Chairman' s, Mr. John Jones said: "We would like to

acknowledge Mr. Stephen’s efforts and look forward to increasing shareholder value by realising value

in the Company’s Nevada assets and assessing potent ial mineral opportunities in Australia. The

appointment of Mr. Griffin and Mr. Cole will assist the Company in these endeavours."

For more information contact:

Brian Cole

Director & Corporate Secretary

Phone: +61 418 947 564

Cautionary Statement on Forward-Looking Information

This release may contain forward-looking statements. Forward-looking statements involve known and

unknown risks, uncertainties, and other factors which may cause the ac tual results, performance, or

achievements of Altan Nevada to be materially diffe rent from any future results, performance, or

achievements expressed or implie d by the forward-looking stat ements. These forward-looking

statements are based on management's current expectations and beliefs but given the uncertainties,

assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking

statements or information. Actual results may differ materially from those currently anticipated in such

statements, and Altan Nevada undertakes no obligation to update such statements, except as required

by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV)

accepts responsibility for the adequacy or accuracy of this release.