Proposed Fundraise of US$25 Million

Altus Strategies Plc (AIM: ALS, TSX-V: ALTS, OTCQX: ALTUF) announces its intention to conduct a placing (the “Placing”) of newly issued ordinary shares of nominal value of £0.05 each (“Ordinary Shares”) in the Company (the “Placing Shares”) to both existing and new institutional investors and a proposed concurrent subscription by its major shareholder, La Mancha Fund SCSp (“La Mancha”), various Altus directors, officers and other investors (the “Subscription” and, together with the Placing, being the “Fundraise”) of new Ordinary Shares (the “Subscription Shares” and, together with the Placing Shares, being the “Fundraise Shares”) at a price of 53.5p / C$ 0.90 per Fundraise Share. The Company is seeking to raise approximately US$25 million (approximately £18.8 million) before expenses from the Fundraise. The net proceeds of the Fundraise will be used to acquire a gold focussed portfolio of royalties in Australia and Africa from Newcrest Mining Limited (“Newcrest”) as separately announced by the Company earlier today. The Company is also in advanced discussions for a potential debt facility with established groups for between US$16 million to US$25 million.

BMO Capital Markets Limited (“BMO”) has been appointed as sole bookrunner in connection with the Placing (the “Sole Bookrunner”), Shard Capital Partners LLP (“Shard”) and SP Angel Corporate Finance LLP (“SP Angel”) are acting as lead managers in relation to the Placing (the “Lead Managers”). SP Angel is acting as the Company’s nominated adviser (“Nomad”).

Highlights:

• Proposed Fundraise of approximately US$ 25 million with net proceeds to be used to acquire a gold focussed portfolio of royalties in Australia and Africa including cash paying royalties and for general corporate purposes.
• Portfolio of royalties to be acquired for up to US$ 24 million from Newcrest
• Fundraise Shares are offered at a price of 53.5p / C$ 0.90 per share
• BMO is acting as Sole Bookrunner and SP Angel & Shard are acting as Lead Managers in respect of the Placing
• La Mancha, Altus directors, officers and other investors intend to participate in the Fundraise

Steve Poulton, Chief Executive of Altus, commented:

“Altus is pleased to have appointed BMO as Sole Bookrunner on the proposed Fundraise to be used to acquire a gold focussed portfolio of up to 24 royalties from Newcrest for up to US$ 24 million. The portfolio includes royalties over two producing gold mines, one near-production gold mine as well as up to 15 development stage projects and six exploration stage projects, with 23 of the royalties being in Australia and one in Côte d’Ivoire.”

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