HHH.V · 2019-04-10 12:00:00

Altan Nevada Minerals Limited Announces Shares for Debt

Share Capital & Compensation

April 10 , 201 9 - VANCOUVER, BRITISH COLUMBIA: Altan Nevada Minerals Limited (the

"Company") (TSX-V:ANE) announces that the Company has issued 20,634,130 common shares in the

capital of the Company (the "Common Shares") and 16,919,074 Common Share purchase warrants (the

"Warrants") to extinguish debt of $1,031,706 with six creditors (the "Creditors") of the Company . (the

"Transaction")

The Common Shares and any shares issued on the exercise of the Warrants are subject to a resale hold

period under applicable Canadian securities laws which expires on August 11, 2019. The Common

Shares were issued at a deemed price of 5 cents per share. Each Warrant entitles the holder to acquire

an additional common share at a price of 10 cents per share for a period of t wo years following closing of

the Transaction.

Following the closing of the Transaction, the Company has 62,183,764 common shares issued and

outstanding.

The following insiders of the Company were among the Creditors.

Creditor Debt Shares Warrants

UT International PTE (Evan Jones) $98,253 1,965,056 1,965,056

Evan Jones $10,342 206,848 206,848

John Jones $508,216 10,164,312 10,164,312

BridgeMark Financial Corp. (Anthony Jackson) $87,500 1,750,000 1,750,000

Substantially all of the Company’s remaining creditors, who are owed in the aggregate approximately

$150,000, have agreed not to require repayment of their debts prior to December 2019, although the

Company may enter into settlement agreements respecting the debts with some or all of its creditors at

any time.

On behalf of Altan Nevada Minerals Limited

John Jones

Chairman

For more information contact:

Paul Stephen

+61 9322 1788

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the

TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

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