Altan Rio Minerals: ANE press release for 2022 consolidation


Altan Nevada Announces Share Split

March 11, 2022 – VANCOUVER, BRITISH COLUMBIA – Altan Nevada Minerals Limited (the “Company“) (TSX-V:ANE) announces that, further to its press releases dated September 24, 2021 and December 24, 2021, effective March 15, 2022, the Company will consolidate its issued and outstanding common shares (the “Shares“) in a ratio of ten (10) pre-ConsolidationSingle Shares (1) post-ConsolidationEffective sharing (the “Consolidation“).

No fractional shares will be issued following the consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional share as a result of the consolidation will be rounded up to the next whole number if the fraction is 0.5 or more and rounded down to a whole number if the fraction is lower. at 0.5.

The shares will begin trading on the TSX Venture Exchange on a post-consolidation basis at the start of trading on March 15, 2022.

Holders of Shares who hold uncertificated Shares (including Shares held through a brokerage account and/or not represented by a physical share certificate), will have their holdings electronically adjusted by the Company’s transfer agent or by their brokerage firms, banks, trusts or other agents. . These holders do not need to take any further action to exchange their pre-consolidation shares for post-consolidation shares. Letters of Transmittal have been mailed to all registered shareholders holding share certificates with instructions on how to exchange existing share certificates for new share certificates. A cover letter will also be available on the Company’s profile on SEDAR.

Prior to the implementation of the Combination, the Company had 139,290,890 Shares issued and outstanding and immediately following the implementation of the Combination, the Company will have 13,929,089 Shares issued and outstanding, subject to any fractional rounding.

The Company’s new CUSIP number is 02144U304 and its new ISIN number is CA02144U3047.

On behalf of Altan Nevada Minerals Limited

For more information contact:

Paul Etienne

Email of the General Manager: 9322 1788

Caution regarding forward-looking information

This press release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Altan Nevada to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. statements. These forward-looking statements are based on management’s current expectations and beliefs, but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Actual results may differ materially from those currently anticipated in these statements, and Altan Nevada undertakes no obligation to update these statements except as required by law.

Neither the 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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