2022-05-04 | TSXV:AMO | Press release

Vancouver, British Columbia–(Newsfile Corp. – May 4, 2022) – Altan Rio Minerals Limited(TSXV: AMO) (“Altan Rio“or the”Company“) announces that Paul Stephen has resigned as Chief Executive Officer, Director and Corporate Secretary effective immediately. The Company is pleased to announce the appointment of Evan Jones as Interim Chief Executive Officer as the Company begins the process of identifying a permanent replacement for Mr. Stephen as Chief Executive Officer Mr. Evan Jones previously served as President and Chief Executive Officer of the Company and brings more than twenty years experience in the mining industry.

The Company is also pleased to announce the appointment of Brian Cole as Director and Corporate Secretary of the Company. Mr. Cole holds a Bachelor of Commerce degree from the Western Australian Institute of Technology, specializing in business law and accounting. He is a Chartered Accountant and Chartered Management Consultant and has held directorships in public and private companies and not-for-profit entities. He is currently a director of Altan Nevada Minerals Limited (a TSX Venture Exchange listed issuer). Mr. Cole has a strong knowledge of strategy, finance and compliance across multiple jurisdictions.

Commenting on the changes, Altan Rio Chairman Mr. John Jones said: “We would like to acknowledge Mr. Stephen’s efforts and look forward to taking the next step as we progress in our exploration of the project. Southern Cross North. Mr. Evan Jones and Mr. Cole will assist the Company as we focus on the highly prospective Southern Cross gold region in Western Australia. »

About Altan Rio

Altan Rio is a Western Australian-based gold exploration company with a primary focus on the Southern Cross greenstone belt, a prolific gold-producing region. The Company is focused on applying world-class technologies and exploration experience to proven mineral holdings to generate shareholder wealth through discovery and production. Altan Rio holds 15 granted prospecting licenses covering an area of ​​23.7 square kilometres, representing a significant position in one of Western Australia’s premier gold producing belts. The project tenure is located in the center of the greenstone belt and is adjacent to many former high-grade producers, including Frasers, Golden Pig and Copperhead. To learn more about the Company, visit our website at https://www.altanrio.com/.

On behalf of Altan Rio

For more information contact:

Brian Cole

Administrator & Corporate Secretary

Email: bc@altnev.com

Telephone: +61 418 947 564

Caution regarding forward-looking information

This press release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that 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 forward-looking statements. 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 assumes no obligation to update such statements except as required by law.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122766

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