Update on Copper and Gold Royalty Revenues

Highlights:

• Royalty revenues of US$1.7M (pre-tax) in first quarter since acquiring the Newcrest Portfolio

• Revenues from the Caserones copper mine as well as the SKO and Ballarat gold mines

• Altus holds 33 separate royalty interests, including royalties on four producing mines

• Numerous strategic royalty acquisition opportunities are currently under review

Steven Poulton, Chief Executive of Altus, commented:

"We are delighted that our royalty acquisition strategy is already delivering significant returns, with pre-tax copper and gold royalty revenues of US$1.7 million in the first quarter since we acquired the Newcrest Portfolio. This exceptional performance reflects the transformative royalty acquisitions we have completed since August last year, as well as the continued strong demand for copper and gold.

Altus has established a global portfolio comprising 33 royalty interests and 27 project interests across nine countries and nine metals. We are actively assessing a number of potentially accretive royalty acquisition opportunities to further grow our portfolio and revenues. Separately, our experienced technical teams are actively advancing numerous prospective gold and base metal projects across Africa as part of our high-impact 'boots on the ground' royalty generation strategy.

We believe our hybrid approach, which combines royalty acquisition with organic royalty generation, differentiates Altus from other royalty groups and provides our shareholders with the optimal blend of short-term income and long-term capital growth potential. I look forward to updating shareholders on these activities in due course."

Qualified Person

The technical disclosure in this regulatory announcement has been approved by Steven Poulton, Chief Executive of Altus. A graduate of the University of Southampton in Geology (Hons), he also holds a Master's degree from the Camborne School of Mines (Exeter University) in Mining Geology. He is a Fellow of the Institute of Materials, Minerals and Mining and has over 20 years of experience in mineral exploration and is a Qualified Person under the AIM rules and NI 43-101.

For further information you are invited to visit the Company's website www.altus-strategies.com or contact:

About Altus Strategies Plc

Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a mining royalty company generating a diversified and precious metal focused portfolio of assets. The Company's differentiated approach of generating royalties on its own discoveries in Africa and acquiring royalties globally through financings and acquisitions with third parties, has attracted key institutional investor backing. Altus has established a global portfolio comprising 33 royalty interests and 27 project interests across nine countries and nine metals. The Company continues to assess royalty acquisition opportunities as well as actively advancing its portfolio of gold and base metal projects across Africa, as part of its 'boots on the ground' royalty generation strategy. The Company engages constructively with all stakeholders, working diligently to minimise its environmental impact and to promote positive economic and social outcomes in the communities where it operates. For further information, please visit www.altus-strategies.com.

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this announcement, including information relating to future financial or operating performance and other statements that express the expectations of the Directors or estimates of future performance constitute "forward-looking statements". These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programmes on schedule and the success of exploration programmes. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this announcement are made as at the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcements whether as a result of new information, future events or otherwise, except as required under applicable law or regulations.

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organisation of Canada

accepts responsibility for the adequacy or accuracy of this release.

Market Abuse Regulation Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR.

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