Altius Minerals Corporation

Altius Minerals Corporation

November 30, 2006 15:02 ET

Altius Elects John Baker Chairman of the Board

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(CCNMatthews - Nov. 30, 2006) - Altius (TSX VENTURE:ALS) is pleased to report that John A. Baker has been elected as Chairman of the Board of Directors. John has been a director of the company since its founding and its public listing in October of 1997. He has performed a very active and diligent role as a board member over this period and Altius is grateful that he has now agreed to serve as its Chairman.

Altius also reports that its compensation committee met on November 28th and agreed to grant a total of 290,000 stock options to its employees, officers and directors. The exercise price of the options was set at $8.30 based upon the undiscounted preceding 5-day weighted average closing price. Vesting of the options will occur in equal increments over a four-year period.

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

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