Altan Rio Minerals : – Appointment of Chief Operating Officer

February 13, 2023

TSXV: AMO

Corporate Directory

Board of Directors

Chairman / Interim CEO

Graeme Sloan

Director

John Jones

Director

Jim Harris

Director

Kerry Griffin

Director

Brian Cole

Project

Southern Cross North Project

Contact Details

1. +61 9322 - 1788

1. [e-mail]

1. www.altanrio.com/

Ground Floor, 20 Kings Park Road, West Perth WA 6005

Altan Rio (TSXV: AMO)

Appointment of Chief Operating Officer (COO)

Altan Rio Minerals Limited, (TSX-V: AMO) (''Altan Rio Minerals'' or the "Company'') is pleased to announce the appointment of Mr Josh Conner as its new Chief Operating Officer (COO).

Mr Conner has over 15 years' experience in senior roles within the mining sector. He graduated from University of Western Australia with a Master of Business Administration specialising in Natural resource Management and is a Certified Practicing Accountant and a Fellow of Governance Institute of Australia. He also has extensive experience within organisations that undergo transformational growth, is experienced in financial markets, treasury, TSX and ASX environments, process improvement and internal controls within the resource sector.

Mr Conner joins the Company from Karora Resources, where he held a Senior role in overseeing the Commercial and Financial department of the Australian Operations. Josh is an experienced executive with a strong operational and exploration background in a listed company environment.

Commenting on Mr Conner's appointment, Altan Rio Minerals Chairman and Interim CEO, Graeme Sloan said:

"We are delighted to have Josh join Altan Rio Minerals Management team in the key role of COO. His strongly credentialed background and experience in the leadership of successful growth companies will be a valuable addition to our executive team as the Company continues on its growth path.''.

As incoming COO, Mr Conner said, "First I would like to thank the Altan Rio Minerals Board and Management Group for establishing what I believe are great foundations to build upon. I am excited by the opportunity and the future for Altan Rio Minerals as we undertake what I believe will be a transformational period ahead."

About Altan Rio Minerals

Altan Rio Minerals Limited (''Altan Rio'') is a Canadian-listed, West Australian- focused gold exploration company primarily focused on the Southern Cross Greenstone Belt, a prolific gold producing region responsible for well in excess of 12 million ounces.

The Company is focused on applying world-class exploration technologies and experience to proven mineralised tenure to generate shareholder wealth through discovery and production.

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On behalf of Altan Rio Minerals Limited

For more information contact:

Graeme Sloan	John L C Jones AM
Chairman / Interim CEO	Director
Email: [e-mail]	Email: [e-mail]
+61	9322 1788	[phone]
Media
David Tasker
Chapter One Advisors
Email: [e-mail]
+61	433 112 936

Cautionary Statement on Forward-Looking Information

This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Altan Rio to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These forward-looking statements are based on management's current expectations and beliefs but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Actual results may differ materially from those currently anticipated in such statements, and Altan Rio undertakes no obligation to update such statements, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for

the adequacy or accuracy of this release.

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