Altus Strategies Plc (AIM: ALS & TSX-V: ALTS), the Africa focused project and royalty generator, announces the commencement of a 2,000m aircore ('AC') drilling programme at the Company's Tabakorole gold project ('Tabakorole' or the 'Project') located on the in southern Mali, approximately 100 km southwest of the formerly multi-million ounce Morila gold mine owned by Barrick Gold Corporation.

The drilling is being completed by Glomin Services Ltd ('Glomin') under the joint venture ('JV') between Glomin and Altus, as previously announced by the Company on 02 December 2019.

Highlights

JV financed 2,000m AC drill programme at Tabakorole gold project in southern Mali

Historic drilling of 9.31 g/t Au over 16m, 9.84 g/t Au over 14m and 2.91 g/t Au over 60m

Tabakorole project is a 2.7 km long shear-zone hosted orogenic gold deposit

Programme designed to generate targets for follow up diamond drilling Steven Poulton, Chief Executive of Altus, commented: 'We are delighted to announce the commencement of the maiden JV drill programme at the Company's Tabakorole gold project in southern Mali. The programme is being undertaken by Glomin, as part of our JV on Tabakorole as announced in December 2019. The JV also incorporates the Lakanfla gold project, which is contiguous with the Sadiola gold mine in western Mali. The initial 2,000m of AC drilling at Tabakorole will test a number of priority targets adjacent to the historic 590,000 ounce resource. These targets were defined by previous operators which, due to the cyclical downturn in the sector, have yet to be systematically tested. We look forward to updating shareholders on the results from Tabakorole in due course.'

Tabakorole Project: Aircore Drilling Programme

A 2,000m, 30 hole aircore drilling programme at Tabakorole has commenced. The programme has been designed to test surface soil geochemical anomalies and areas where historic drilling generated encouraging results. These include RC hole 14TKRC10 at the north-western end of the FT historic resource area which returned 1.85 g/t Au over 16m from a depth of 1m and AC hole 05TKAC-097 500m north of the FT historic resource area which returned 1.41g/t Au over 10m from 26m. The AC holes will be terminated at the point of drill bit refusal and drilled 'heel to toe' along drill lines. The results from this programme will be used to refine targets for follow up drilling.

Cautionary note regarding historic data

The potential tonnages and grades described in this release are conceptual in nature and are based on previous drill results that defined the approximate length, thickness, depth and grade of the portion of the historical resource estimate. There has been insufficient exploration to define a current resource and the Company cautions that there is a risk further exploration will not result in the delineation of a current mineral resource. The historical data should therefore not be relied upon until the Company can confirm them.

Contact:

Steven Poulton

Tel: +44 (0) 1235 511 767

Email: info@altus-strategies.com

About Altus Strategies Plc

Altus is a London (AIM: ALS) and Toronto (TSX-V: ALTS) listed project and royalty generator in the mining sector with a focus on Africa. Our team creates value by making mineral discoveries across multiple licences. We enter joint ventures with respected groups and our partners earn interest in these discoveries by advancing them toward production. Project milestone payments we receive are reinvested to extend our portfolio, accelerating our growth. The portfolio model reduces risk as our interests are diversified by commodity and by country. The royalties generated from our portfolio of projects are designed to yield sustainable long-term income. We engage constructively with all our stakeholders, working diligently to minimise our environmental impact and to promote positive economic and social outcomes in the communities where we operate.

Cautionary Note Regarding Forward-Looking Statements

Certain information included in this Announcement, including information relating to future financial or operating performance and other statements that express the expectations of the Directors or estimates of future performance constitute 'forward-looking statements'. 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 programmes on schedule and the success of exploration programmes. Readers are cautioned not to place undue reliance on the forward-looking information, which speak only as of the date of this Announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement.

Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this Announcement are made as at the date hereof and the Company assumes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcements whether as a result of new information, future events or otherwise, except as required under applicable law or regulations.

Market Abuse Regulation 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 ('MAR') until the release of this announcement.

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