Altai Resources Inc.
TSX VENTURE : ATI

Altai Resources Inc.

June 07, 2013 18:30 ET

Board of Director Nominations

TORONTO, ONTARIO--(Marketwired - June 7, 2013) - Altai Resources Inc. (TSX VENTURE:ATI) (US SEC Rule 12g3-2(b) File # 82-2950) ("Altai" or the "Company") announces that on May 29, 2013 it received notices from two shareholders purporting to provide advance notice of director nominations for the Company's annual and special shareholders' meeting to be held on June 28, 2013. One shareholder purported to nominate himself and three other individuals and the second shareholder purported to nominate one other individual.

Under the Company's recently adopted advance notice by-law announced on April 9, 2013, a nominating shareholder's notice to the Company must be made and received not less than 30 days prior to the date of the meeting, such that the last day for advance notice to be received by the Company was May 28, 2013. Accordingly, the notices received by the Company on May 29, 2013 were not received within the time required under the by-law and therefore the nominations will be disregarded.

In connection with the annual and special shareholders' meeting, the Company has nominated the following individuals for election at the meeting: Niyazi Kacira, Didier Pomerleau, Mehmet Taner and Jeffrey Ackert as set out in the Company's management information circular dated June 4, 2013 and filed on SEDAR at www.sedar.com on June 5, 2013.

Dr. Kacira has been a director of the Company since February 1987 and is the Chairman of the Board. Dr. Pomerleau and Dr. Taner have been directors of Altai since June 2008 and June 2012 respectively. Mr. Ackert, a new director nominee, is a consulting geologist, a director and VP Business Development and Exploration of a public resource company, and director and VP Exploration of several private resource companies.

We seek Safe Harbour.

Neither 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.

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