Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC PINK: EQTRF) ('Altamira' or the 'Company') is pleased to provide an update on its ongoing exploration programme for copper and gold at the Santa Helena project in Mato Grosso State, Northern Brazil.

This work is being conducted in parallel with ongoing exploration at the Company's main Cajueiro gold project.

Highlights:

Ground magnetic work has been completed at three further copper-in-soil anomalies at the Santa Helena project (Areas 2, 3 and 4), and has revealed the presence of coincident magnetic anomalies.

These coincident copper-in-soil and magnetic targets add to the excellent coincident anomaly already defined in Area 1 and have signatures that are considered to be consistent with inferred porphyry settings.

A drill programme is being designed to test these targets. Exploration continues in the south of the project area to follow-up widely spaced copper-in-soil anomalies.

Consultant geologist Darren Jones commented; 'The presence of undrilled-tested copper-in-soil anomalism in this tropical weathered landscape, coincident with well-defined magnetic features, reminiscent of intrusive bodies and a local and regional structural setting permissive for porphyry stock emplacement are strong positives. Together with the presence of mineralized porphyry-like stockworks in limited surface exposure, trenching and initial drilling of what appears to have been the margins of one or more potentially copper-mineralized porphyry stocks, is, in my opinion, as good as it gets in terms of drill readiness for a potential cluster of porphyries on early-stage exploration plays in largely covered terrain.'

CEO Mike Bennett commented; 'These results have confirmed the coincidence of anomalous geochemical and geophysical responses at all three new areas surveyed using ground magnetics and add to the compelling target previously identified in Area 1. We now have an impressive inventory of 'drill-ready' options to test for porphyry-style copper mineralization. The regional structural location, and widespread association with large-scale alteration features, consistent with porphyry-style intrusive systems are very encouraging at this stage of exploration. The design of a scout drilling programme is underway. We continue to advance our copper exploration activities in parallel with our main focus at the Maria Bonita gold discovery.'

Ground magnetic surveys have been completed over Areas 2, 3 and 4 using survey lines, oriented north-south, separated by 50m and with readings every second at walking pace. The data was quality controlled and analysed by consultant geophysicist Mat Cooper of Core Geophysics Western Australia.

Area 2 shows a coherent copper-in-soil anomaly, oriented NE-SW with a long axis dimension of 600m and a peak copper value of 170ppm. Prior drillholes to the north and northwest were directed at quartz vein structures associated with garimpo workings. The ground magnetic data suggests that the copper anomaly is broadly coincident with two lozenge-shaped, and inferred fault-controlled, low magnetic responses. Within and adjacent to these extensional structures are smaller zones of higher magnetic responses, interpreted as possible intrusive centres, around which hydrothermal alteration effects have caused demagnetisation. The intersection of two sets of structural trends, one of which is the dominant NE-SW regional structure, is interpreted as a favourable setting for the emplacement of an intrusive (porphyry). Three separate scout drill targets are identified at this prospect

About Altamira Gold Corp.

The Company is focused on the exploration and development of gold projects in central Brazil. The Company holds 6 projects comprising approximately 190,000 hectares, within the prolific Juruena gold belt which historically produced an estimated 7 to 10Moz of placer gold. The Company's advanced Cajueiro project has NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category.

Contact:

Tel: 604.676.5660

Email: info@altamiragold.com

Forward-Looking Statements

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Except as required by law, we do not undertake to update these forward-looking statements.

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