Multiple Hard Rock Gold Workings Discovered on Egyptian Licences

Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces the discovery of numerous hard rock artisanal gold workings from field reconnaissance at the Company’s Gabal om Ourada (346 km2) and Wadi Dubur (175 km2) projects (“Projects”), located in the Eastern Desert of Egypt. The Company’s 100% owned subsidiary, Akh Gold Ltd (“Akh Gold”), holds gold exploration licences totalling 1,565 km2 (“Licences”) in Egypt. The Licences were granted this year as part of a competitive international bid round undertaken by the Egyptian Mineral Resources Authority (“EMRA”).

Highlights:

• 37 hard rock artisanal gold workings discovered across two Projects in Egypt
• Longest working mapped for over 370 m, with five others mapped for over 100 m
• Less than 50% of Company’s Licences have been visited to date
• The discoveries validate the Company’s target generation process
• A full technical and operational team has been established in Cairo
• Comprehensive exploration programmes are anticipated to commence in Q4 2021

Steven Poulton, Chief Executive of Altus, commented:

“We are pleased to report that our Egyptian field team has discovered numerous hard rock artisanal gold workings from initial reconnaissance at the first two of our four Projects in the Eastern Desert of Egypt.

“Reconnaissance has focused on areas identified by our in-house target generation techniques that integrate remote sensing and historical data. The field programmes have validated the power of this approach and underscored the prospectivity of the Licences. At least 37 hard rock workings have been discovered to date, the largest of which has been mapped for over 370 m in length. Many of the gold workings have undergone extensive mechanised activity, indicating the potential for significant mineralisation. Further reconnaissance will commence shortly across the two remaining Projects, which cover the majority of the 1,550 km2 area held by Altus in Egypt.

“We have rapidly established a high calibre technical and operational team in Egypt, allowing us to aggressively advance our field programmes. I look forward to updating shareholders on the results of this work in due course.”

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In the TV clip, CEO Steve Poulton provides an overview Altus and its unique strategy