Alturas Minerals Corp.
TSX VENTURE : ALT
BVLAC : ALT

Alturas Minerals Corp.

December 16, 2008 09:30 ET

Alturas Defines New Disseminated Gold Target at Its Chapi Chapi Copper-Gold Project, Peru

TORONTO, ONTARIO--(Marketwire - Dec. 16, 2008) - Alturas Minerals Corp. (the "Company") (TSX VENTURE:ALT)(BVLAC:ALT) is pleased to report that it has defined a new gold-in-soils anomaly greater than 1.1 by 1.1 kilometers in dimension within its Chapi Chapi copper-gold project in southern Peru. The center of the anomaly is situated to the southeast of a major northeast-striking copper-gold corridor previously defined over oxidized skarns within the property and reported previously in a press release dated September 4, 2008.

Miguel Cardozo, President & CEO, commented "Further systematic soil geochemical sampling has expanded the gold-mineralized footprint of the mineral system in the Chapi Chapi project and we are very encouraged by the size and strength of this new disseminated gold target. We interpret this annular-shaped gold anomaly as a possible leached cap over a concealed copper-gold porphyry system. The anomaly remains open to the east and to the south. We are continuing with the compilation of detailed mapping and geochemical data generated by the 2008 program with the aim of defining drilling targets."

The new gold-in-soils geochemical anomaly ("Huarajo" anomaly) lies entirely over fractured and limonitized sandstones which are cut by monzonite dykes and breccia zones. The anomaly is defined by the +50 ppb (0.05 grams/tonne) gold contour and values locally attain up to 2.63 grams/tonne gold. The gold anomaly is also broadly coincident with strong anomalies in other elements such as arsenic and antimony. Copper values are in general strongly depleted, however isolated outcrops of copper carbonate minerals have been located within the fractured sandstones. Representative bedrock geochemical sampling (21 samples) over the area of the soil anomaly has returned gold values that average 0.25 grams/tonne, with a peak value of 1.15 grams/tonne.

In addition, the recent soil geochemistry sampling has extended the projected strike of the northeast-striking copper-gold anomaly over magnetite skarns (the "Chapi Chapi Corridor") covered in an earlier press release dated September 4, 2008 from 1.30 kilometers to over 3.00 kilometers in length.

The 6,903 hectare Chapi Chapi project in the department of Apurimac in southern Peru hosts a large copper-gold-molybdenum skarn system hosted by Cretaceous limestones and quartzites cut by dioritic to monzonitic stocks. The limestones are part of the same unit that hosts large skarn deposits in the Apurimac-Cusco porphyry-skarn belt, such as the Tintaya and Las Bambas copper-gold skarn projects of Xstrata and the quartzite unit hosts an important oxide copper resource at the nearby Antilla project of Panoro Minerals, situated some 20 kilometers to the west.

The Chapi Chapi property block is immediately adjacent to Alturas's Utupara copper-gold project and together the two projects comprise a larger joint venture of Alturas with Minera IRL Limited, a company listed on the London Stock Exchange ("IRL"). Details of the tenure and terms of the joint venture agreement can be found in a previous Alturas press release dated February 28, 2008.

For maps and an extended summary of exploration results, refer to the Company's website. http://www.alturasminerals.com/map-room.html

About Alturas Minerals Corp.

Alturas is a Canadian corporation, and is the parent of Alturas Minerals S.A. ("Alturas Peru"). Alturas Peru has been actively exploring various mineral projects in Peru since January 2004. The principal assets of Alturas are four mineral exploration projects located in southern Peru, being the Huilacollo Gold Project, the Banos del Indio Gold Project, the Utupara Copper-Gold Project and the Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peru has interests in eight other exploration projects in Peru. Alturas' exploration strategy is focused on the discovery of large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits. For further information, please visit the Company's website at www.alturasminerals.com

As required by the National Instrument 43-101, Alturas's designated Qualified Person for the supervision of exploration of the projects is Dr. Paul Pearson, F. AUSIMM, Vice President-Exploration of the Company, who has verified the technical information reported in this News Release.

Should you wish to receive Company news via email, please email contact@alturasminerals.com and specify "Alturas News" in the subject line.

Cautionary Language and Forward Looking Statements

This press release may contain "forward-looking statements", which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such statements are not guarantees of future performance and results. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure documents filed from time to time with the Canadian securities authorities.

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

Contact Information