Altair Ventures Inc.

Altair Ventures Inc.

January 23, 2008 17:43 ET

Altair Announces Non-Brokered Private Placement of $1,000,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2008) - Altair Ventures Incorporated ("Altair") (TSX VENTURE:AVX) - Altair is announcing a non-brokered private placement of up to 5,000,000 Units at a price of C$0.20 per Unit for gross proceeds of up to C$1,000,000.

Each Unit consists of one common share in the Company and one half of a non-transferable share purchase warrant. One whole share purchase warrant will entitle the holder to acquire one additional common share of the Company at a price of C$0.30 per share for a period of one year following the closing.

The proceeds of the financing will be used for an exploration program at the Company's CJ Property project in Alaska, to explore further opportunities for the acquisition and development of additional properties, and for general working capital purposes.

The private placement is subject to compliance with applicable securities laws and the acceptance of the TSX Venture Exchange.


Fayyaz Alimohamed, President & CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

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