Altima Resources Ltd. announced private placement of 6,000,000 units at a price of CAD 0.05 per unit for the gross proceeds CAD 300,000 on May 26, 2022. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share exercisable for a period of two years from the date of issuance at a price of CAD 0.075 per share.

The offering is subject to the approval of the TSX Venture Exchange.