Altima Resources Ltd.
TSX VENTURE : ARH
FRANKFURT : AKC

Altima Resources Ltd.

August 31, 2012 13:46 ET

Altima Resources Ltd.: Early Warning Report of Robert Haveman

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2012) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC) (the "Company") announces that Mr. Robert Haveman, of 8065 Olive Shore Drive, West Olive, Michigan, USA, 49460, has announced that he has through his company H&M Energy acquired beneficial ownership and control of a Debenture in the principal amount of $2,971,810.70 as part of the Company's private placement disclosed in its News Release dated August 29, 2012. After giving effect to this acquisition, Mr. Haveman beneficially owns and controls, directly and indirectly, the following securities of the Company (collectively, the "Securities"): (i) the Debenture, the principal amount of which is convertible into up to 29,718,107 common shares of the Company; (ii) 17,929,443 common shares of the Company; and (iii) warrants exercisable to purchase an aggregate of 9,969,875 common shares of the Company (the "Warrants").

On completion of the first tranche of the private placement, the Securities (excluding shares that may be issued on conversion of the Debenture or exercise of the Warrants) collectively represent 6.68% of the Company's issued and outstanding common shares on a non-diluted basis. On a partially diluted basis, the Securities (assuming conversion of the Debenture and exercise of the Warrants) represent 18.69% of the Company's then issued and outstanding common shares.

Mr. Haveman acquired the Securities for investment purposes. He intends to evaluate his investment in the Company and to increase or decrease his beneficial shareholdings from time to time as he may determine appropriate for investment purposes.

A copy of the early warning report being filed by Mr. Haveman may be obtained by contacting Richard Barnett, the Corporate Secretary of the Company.

The above information under "Early Warning Report of Robert Haveman" has been provided to the Company by Mr. Haveman for inclusion in this news release.

ON BEHALF OF THE BOARD

Joe DeVries, Director

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.

Contact Information