Altamira Gold Appoints Dr. Quinton Hennigh as Geological Advisor

2021 will be an exciting year for Altamira as we look forward to drill testing several targets at our main projects with the valued technical input from Dr.

“It’s a great pleasure to become technical advisor to Altamira,” commented Dr.

Dr.

He then joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies, including Gold Canyon Resources Inc., where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was sold in 2015 to First Mining Gold Corp.

The Company has engaged AFC GeofĂ­sica Ltda to conduct an IP survey at Mutum target, Apiacas Project, Brazil.

This is expected to assist with the definition of the limits to the altered and mineralized intrusive rock carrying disseminated pyrite and gold and therefore, better refine and prioritize targets in advance of drilling.

Recent geological mapping and surface rock sampling by the Altamira geological team has confirmed the presence of four high-grade vein structures and further defined the limits of pervasive disseminated-style gold mineralization over at least 4 km2 .

Altamira announces that it has granted 3,245,000 stock options to directors, officers, employees, and consultants of the Company.

Guillermo Hughes, P.

The Company’s advanced Cajueiro project has NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category.

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future.

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