ALTAIR RESOURCES INC. announced that the company has entered into a Joint Venture Agreement with International Silver Inc. (the "Purchaser" or "ISLV") whereby ISLV will earn a 50% interest in the Prince Exploration and Purchase Option (the "Prince Agreement"). Under this Joint Venture Agreement, ISLV will assume all costs of the next drilling campaign of the Prince orebody and a subsequent NI 43-101 Report followed by Prefeasibility Study. Following completion of this work, each partner will assume the costs of subsequent work.

Annual lease payments will be shared by both companies in accordance with their proportional share of the Joint Venture. ISLV will assume the role of Project Manager. The company will continue its ownership of the Pan American Mine and Caselton Concentrator through its wholly owned subsidiary, Altair Mining Inc.