HHH.V · 2020-11-05 12:00:00

Altan Nevada Minerals Provides Update on Private Placement

Financings

VANCOUVER, BC (November 5, 2020) - Altan Nevada Minerals Limited (TSXV: ANE) ("Altan Nevada" or

the "Company") is pleased to provide an update today to its non-brokered private placement , previously

announced on October 15, 2020, of up to 33,333,333 common shares of the Company (the " Shares") at a

price of C$0.015 per Share (the "Offering").

Subject to the acceptance of the TSX Venture Exchange ("TSXV"), under the Offering the Company will now

offer for sale up to 33,333,333 units (the " Units") at a price of C$0.015 per Unit, each Unit comprising one

Share and one common share purchase warrant ( each a " Warrant") for aggregate gross proceeds to the

Company of up to C$500,000. Each Warrant shall entitle the holder thereof to purchase one additional Share

at a price of $0.05 per Share for a period of four years from the closing date of the O ffering.

Pursuant to the term s of the Offering, if the Shares trade at a VWAP of at least C$0.10 for ten (10)

consecutive trading days, the Company is entitled to accelerate the expiry date of the Warrants to a date

that is thirty (30) days from the date notice of such acceleration is provided to holders of Warrants.

All other terms of the Offering remain the same as announced in the press release of the Company dated

October 15, 2020.

On behalf of Altan Nevada Minerals Limited

For more information contact:

Paul Stephen

Chief Executive Officer

+61 9322 1788

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 actual results, performance, or

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

expressed or implied by the forward -looking statements. These forward -looking statements are based on

management's current expectations and beliefs but given the uncertainties, assumptions and risks, read ers

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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

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