Toronto – TheNewswire - January 30, 2023 – Alturas Minerals Corp. (Alturas or the “Company”) (TSXV:ALT), (BVL:ALT) wish to inform that it has concluded its due diligence process on the Resguardo concession, the Optionor and applicable technical studies.

Alturas and the Sociedad Minera Contractual Resguardo (the “Optionor”) are now finalizing the review of the final contract as well as the property title opinion.

During the Due diligence process, no material changes have been implemented to the terms of the LOI. Further updates will be issued in due course.

For details of the terms of the transaction, please see our Press Release issued on June 29, 2022, at www.SEDAR.com

The transaction remains subject to satisfaction of the Exchange's filing requirements. and approval and that further updates would be provided in due course.

About Alturas Minerals

Alturas is a Canadian corporation, and is the indirect parent of the Peruvian company, Alturas Minerals S.A. (“Alturas Peru”) and of the Chilean company, Alturas Chile Limitada (“Alturas Chile”). Alturas had been exploring various mineral projects in Peru between January 2004 and 2020 and between 2012 and 2014 in Chile through its subsidiaries. After interrupting its exploration activities in Chile and Peru due to financial constraints, Alturas is now focusing in new business opportunities, among the Resguardo project in Chile.

ALTURAS MINERALS CORP.

“Miguel Cardozo” Chief Executive Officer

Contact: Mario Miranda

Phone: (416) 363-4900

Alturas Minerals Corp. (TSX-V: ALT)

372 Bay Street, Suite 301 Toronto, Ontario M5H 2W9

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