Altius Minerals Corporation

Altius Minerals Corporation

March 18, 2010 10:30 ET

Altius Reports Resignation of VP, COO, and Director

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - March 18, 2010) - Altius (TSX:ALS) reports that its Board of Directors has accepted a letter of resignation from Roland Butler, Director, Vice-President and COO from all Altius positions so that he can pursue other interests.

Roland Butler is a co-founder of Altius and has been integral to its mineral exploration and project generation strategy development and implementation as well as commercial and community relationships at the Company since it was listed in 1997.

Roland has served as a director of Altius and as Vice-President since inception, was CFO until 2003, and was COO since 2007. Upon his resignation, he commented, "From the beginning, Altius has enjoyed success year after year and I am proud of our accomplishments. Altius has grown from an IPO share price of $0.20 to more than $9 today and market capitalization has increased from less than $2.0 Million to approximately $250 million – including a cash reserve and investments that exceed $200 million in value. The Altius team is seasoned, motivated and actively pursuing exciting new opportunities in the mineral exploration and royalty sectors and shareholders can look forward to continued success".

John Baker, Chairman of Altius said, "On behalf of the Board of Altius I wish to express our heartfelt appreciation to Roland for his contributions and service to Altius."

Brian Dalton, President and CEO, and co-founder of Altius commented, "It has been a great personal pleasure to work alongside Roland through the early development years of Altius. I wish him much success in his future pursuits. He will be missed by the Altius team. Thankfully, the business principles and corporate values that he has played a key role in shaping are well established and will endure as we pursue our future. Lawrence Winter Ph.D, as Vice President Exploration has been working closely with Roland in implementing the mineral exploration and project generation strategies of the Company since 2006. Lawrence is well prepared to take a greater role in leading Altius in these areas as it moves forward."

About Altius

Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. The Corporation has a strong financial position with in excess of $200 million in cash and liquid investments and no debt. Altius owns an effective 0.3% net smelter return in the producing Voisey's Bay nickel-copper-cobalt mine located in Labrador, Canada and has numerous active mineral exploration agreements principally in eastern Canada targeting a variety of mineral commodities. Altius is a member of the TSX SmallCap index and currently has 28,438,895 shares outstanding.

Contact Information