Altai Announces the Closing of Oil Property Acquisition

Altai Resources Inc. (TSX VENTURE:ATI) (US SEC Rule 12g3-2(b) File # 82-2950)
("Altai" or the "Company") is pleased to inform that the transaction for the
acquisition of part interest in the Cessford Oil property, central Alberta has
been finalized in December 2012. This is Altai's first venture into conventional
oil exploration and production in Alberta as the Company diversifies its
portfolio of investment. Project performance from April 1 to October 1, 2012
(for which the results have been reported by the operator) indicates that cash
flow from this project is sufficient to pay for Altai's overhead expenses
excluding the legacy costs of the Montreal office which was closed in May 2012.
The Company is still paying for that office's leases of premises and equipment
until February 2014.


ALTAI RESOURCES INC. IS A RESOURCE COMPANY WITH OIL AND GAS AND GOLD PROPERTIES
IN CANADA. 


We Seek Safe Harbour.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Altai Resources Inc.
Maria Au
Secretary-Treasurer
(416) 383-1328
(416) 383-1686 (FAX)
info@altairesources.com
www.altairesources.com

Altai Resources (TSXV:ATI)
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