Altima Changes Stock Option Plans and Arranges to Extend Loan

Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC)
announces that at its Annual General Meeting held June 27, 2012, shareholders
ratified and approved the Company's current 10% Rolling Stock Option Plan. The
Board of Directors subsequently determined it would be in the Company's best
interest to change from a 10% Rolling Plan to a Fixed Plan. As the Fixed Plan
will reserve less than 10% of Altima's issued capital for granting as incentive
stock options, it does not require further shareholder approval.


Under the new Fixed Plan, the Company has reserved 19,500,000 common shares for
issuance, 745,000 of which are currently outstanding, leaving a balance of
18,755,000 available for granting.


The Company is also pleased to announce that it has negotiated a loan extension
between its subsidiary, Unbridled Energy Corp. ("Unbridled"), and the Huntington
National Bank, to extend the maturity date of the loan to March 31, 2013. The
original loan of US$3,607,500 was acquired when Altima acquired Unbridled in
February 2010. Since then, Altima has paid over US$3,038,000 towards the loan,
reducing the current loan balance to US$568,914.


ON BEHALF OF THE BOARD

Richard Barnett, Secretary and CFO

Altima Resources (TSXV:ARH)
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