Interim Results

NOT FOR DISTRIBTUION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Altus Strategies Plc (AIM: ALS & TSX-V: ALTS), the Africa focused exploration project generator, announces that it has today published its unaudited financial results for the three month and nine month periods ending 30 September 2018 and the Management Discussion & Analysis for the three month period ending 30 September 2018. These documents have been posted on the Company's website www.altus-strategies.com and are also available on SEDAR at www.sedar.com.

HIGHLIGHTS

Highlights for the three months ended 30 September 2018 and to the date of this report are as follows:

Corporate highlights:

• Letter of Intent signed with Raptor Resources Ltd in respect of a potential listing on the Australian Stock Exchange ("ASX") of the Company's 100% owned Morocco focused exploration subsidiary (Aterian Resources Ltd)
• Preliminary discussions are underway with potential partners in respect of joint ventures and other transactions involving the Company's projects

Operational highlights:

• New prospects defined at Daro Copper Gold project in northern Ethiopia
• Bauxite Joint Venture ("JV") partner ASX listed Canyon Resources Ltd ("Canyon") granted Minim Martap project in central Cameroon
• Strike length of Bikoula colluvial iron ore project extended in southern Cameroon
• Further artisanal gold workings discovered at Laboum gold project in Northern Cameroon
• Over 14km of artisanal gold workings mapped at Zolowo gold project in western Liberia
• Copper mineralisation mapped at the Ammas project in central Morocco
• Reconnaissance sampling completed at Manankoto gold project in western Mali
• Initial exploration completed at the Prikro gold project in eastern Côte D'Ivoire

Financial highlights:

• Cash on hand and marketable securities of £2,088,055 (C$3,499,622) at 30 September 2018 (31 December 2017: £1,124,880)
• Exploration expenditure incurred of £527,447 for nine months ending 30 September 2018 (nine months ended 30 September 2017: £436,727)

Post period:

• Letter of Intent signed with Canyon to vend the Company's bauxite JV into Canyon for up to an additional 30 million Canyon shares and a US$1.5/t royalty on the Birsok project
• Purchase of Ordinary Shares ("Shares") undertaken by certain directors of the Company totalling 1,520,431 Shares representing 0.85% of the issued share capital. Total director shareholding in the Company of 63,017,998 Shares, representing 35.45% of the issued share capital
• Drill targets defined at Lakanfla gold project in western Mali

The full Management Discussion and Analysis is available at https://www.altus-strategies.com/site/assets/files/4475/altus_-_q3_2018_mda.pdf

The financial statements for the three and nine month period are available at https://www.altus-strategies.com/site/assets/files/4474/altus_-_q3_2018_financial_statements.pdf

Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information you are invited to visit the Company's website www.altus-strategies.com or contact:

About Altus Strategies Plc
Altus is a London (AIM: ALS) and Toronto (TSX-V: ALTS) listed, diversified and Africa focused mineral exploration project generator. Through our subsidiaries we discover new projects and attract third party capital to fund their growth, development and ultimately exit optionality. This strategy enables Altus to remain focused on the acquisition of new opportunities to be fed into the project generation cycle and aims to minimise shareholder dilution. Our business model is designed to create a growing portfolio of well managed and high growth potential projects and royalties, diversified by commodity and by country. Altus currently has eighteen projects in six commodities across six countries. We aim to position our shareholders at the vanguard of value creation, but with significantly reduced risks traditionally associated with investments in the mineral exploration sector.

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release contain forward-looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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