Alturas Minerals Corp. Unaware of Any Material Change

Alturas Minerals Corp. 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"). The current principal asset of Alturas is its Utupara mineral exploration projects located in Peru. The Company has in previous years, disposed of its Pampa Colorada and San Antonio projects to arms' length parties subject to certain conditions, and not renewed its exploration license for Callejones and Ccaccapaqui. During fiscal 2014 the Company discontinued all operations in its properties in Chile including La Corina, Marilin and Quispe. During F2016 Alturas granted an option for its Sombrero property to Auryn Resources Inc. and has signed a Letter of Intent with Compania Minera Milpo S.A.A.(""Milpo") for Milpo to earn up to an 80% interest on its Huajoto property, with the definitive agreement signed on January 2017.

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.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.

For further information, please visit the Company's website at www.alturasminerals.com or contact Alturas at:

Phone: + 51-1- 476-1410 (Lima, Peru)

+ 1-416-363-4900 (Toronto, Canada)

Email: investor@alturasminerals.com

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