Altius Closes Acquisition of Prairie Royalties and CDP Portfolio

Altius Minerals Corporation ("Altius") (TSX:ALS) is pleased to announce that it
has completed the previously announced Arrangement for the acquisition of a
portfolio of 11 producing coal and potash royalties from Prairie Mines & Royalty
Ltd. ("Prairie Royalties"), a wholly-owned subsidiary of Sherritt International
Corporation ("Sherritt"). The acquisition was completed in partnership with
Liberty Metals & Mining Holdings, LLC, a subsidiary of Boston-based Liberty
Mutual Insurance, and the Chairman of Haywood Securities Inc. and certain of his
affiliated trusts. The Prairie Royalties will be proportionately owned according
to each partner's respective share of the total $460 million acquisition price
of which Altius' 52.36% was $240.9 million. Altius will act as the general
partner of the limited partnerships holding the royalty interests and will
manage the day-to-day affairs of the royalty business.


Altius has also completed the acquisition of Sherritt's 50% interest in Carbon
Development Partnership ("CDP") for $21 million and has entered into a
definitive agreement with a subsidiary of Ontario Teachers' Pension Plan Board
to acquire their remaining 50% interest in CDP for an additional $21 million
within 30 days. 


As part of its acquisition financing Altius has entered into a $140 million
5-year secured credit facility with a syndicate of lenders that includes Sprott
Resource Lending Corp., Earlston Investments Corp. and the Chairman of Haywood
Securities Inc. and certain of his affiliated trusts. 


Altius CEO Brian Dalton commented on the transaction completion by saying: "This
represents the achievement of a multi-year goal that the board and management of
Altius set for itself to develop scale in the minerals royalty sector. The level
of diversity and longevity that this portfolio offers Altius shareholders has
greatly exceeded our expectations. We look forward now to continuing to deliver
strong results from our project generation business and further building upon
this leading diversified minerals royalty portfolio. I wish to sincerely thank
the entire Altius team and all of our partners and advisors for their
extraordinary efforts in support of reaching this important goal."


Advisors and Legal Counsel

Altius was greatly assisted through this acquisition by Scotiabank and Salman
Partners as financial advisors and Stikeman Elliott LLP and McInnes Cooper as
legal advisors. Scotiabank also provided an opinion to the Board of Directors of
Altius that the consideration to be paid by Altius in connection with the
proposed transaction is fair, from a financial point of view, to Altius
shareholders.


About Altius

Altius is focused on the mining and resources sector through prospect generation
and the creation and acquisition of royalties. 


Altius holds royalty interests in 12 producing assets that include 5 coal mines
and 6 potash mines located in western Canada and a royalty on the producing
Voisey's Bay nickel-copper-cobalt mine in Labrador.


It has a 3% gross sales royalty on the development stage Kami iron ore project
of Alderon Iron Ore Corp. ("Alderon"), a 2% gross sales royalty for the advanced
exploration stage Central Mineral Belt uranium project of Paladin Energy
Limited, and several other resource stage project royalties. Its project
generation pipeline contains a diversified portfolio of exploration stage
projects and royalties, many of which are being advanced through various
partner-funding arrangements. 


Altius has also built a portfolio of directly and indirectly held junior
resource investments, including an approx. 25% shareholding in Alderon
(TSX:ADV), an approx. 8% shareholding in Virginia Mines Inc. (TSX:VGQ), and a
approx. 5.9% shareholding in Callinan Royalties Corporation (TSX VENTURE:CAA).


Altius has 27,595,821 shares issued and outstanding that are listed on Canada's
Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX
Global Mining Indices. 


Caution Regarding Forward-Looking Statements and Information

This document includes certain statements that constitute "forward-looking
statements" and "forward-looking information" within the meaning of applicable
securities laws (collectively, "forward-looking statements"). Forward-looking
statements include statements regarding Altius' intent, or the beliefs or
current expectations of Altius' officers and directors. Such forward-looking
statements are typically identified by words such as "believe", "anticipate",
"estimate", "project", "intend", "expect", "may", "will", "plan", "should",
"would", "contemplate", "possible", "attempts", "seeks" and similar expressions.
Forward-looking statements may relate to future outlook and anticipated events
or results.


By their very nature, forward-looking statements involve numerous assumptions,
inherent risks and uncertainties, both general and specific, and the risk that
predictions and other forward-looking statements will not prove to be accurate.
Do not unduly rely on forward-looking statements, as a number of important
factors, many of which are beyond Altius' control, could cause actual results to
differ materially from the estimates and intentions expressed in such
forward-looking statements. These factors include, but are not limited to, a
change or other circumstance that could give rise to the delay or failure to
complete the acquisition of the remaining 50% interest in CDP.


Forward-looking statements speak only as of the date those statements are made.
Except as required by applicable law, Altius does not assume any obligation to
update, or to publicly announce the results of any change to, any
forward-looking statement contained herein to reflect actual results, future
events or developments, changes in assumptions or changes in other factors
affecting the forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Altius Minerals Corporation
Chad Wells
1.877.576.2209
709.576.3441 (FAX)
info@altiusminerals.com
www.altiusminerals.com
Altius Minerals (TSX:ALS)
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