Altus Strategies Plc - Audited Final Results

Altus Strategies Plc (AIM: ALS), (TSXV: ALTS), (OTC: ALTUF) announces its audited final results for the year ended 31 December 2021.

These are presented below and are available (along with the Company's 2021 Annual Report) to download on the Company's website at http://altus-strategies.com/investors/financials/ and on SEDAR at www.sedar.com.

Corporate highlights

Acquisition of an effective 0.418% Net Smelter Return (NSR') royalty on the Caserones copper mine ('Caserones') in northern Chile for US$34.1m

Caserones royalty acquired via a strategic 50:50 partnership with NYSE-American and TSX-V listed EMX Royalty Corp (EMX') through a Chilean special purpose vehicle ('SPV')

Receipt of maiden royalty income of GBP1.7m (before tax) in respect of Q2 and Q3 2021 production at Caserones

Acquisition of 24 royalty interests from Newcrest Mining Ltd (Newcrest') for US$24.0m, including royalties on two producing gold mines, one near-producing gold mine and 21 development and exploration stage projects (23 of which are located in Australia and one in Cote d'Ivoire)

Newcrest royalties acquisition undertaken through a strategic joint venture with private company AlphaStream Limited (AlphaStream') through SPVs in United Arab Emirates and Australia; first close of the acquisition covering all assets except nine development and exploration stage assets for US$20.0m

US$29 million strategic acquisition loan facility provided by the Company's largest shareholder La Mancha Fund SCSp ('La Mancha')

Moroccan portfolio of 14 primarily silver and copper projects to be vended to Eastinco Mining and Exploration Plc (Eastinco') subject to Eastinco listing on the Standard List of the London Stock Exchange; Altus to retain NSR royalty rights on all projects, to gain a royalty right on Musasa tantalum mine in Rwanda and to become a major shareholder of Eastinco

Appointments to the senior management team strengthen the Company's corporate and technical capabilities across its key areas of operation:

Mark Campbell appointed as Non-Executive Chairman of 100% owned subsidiary Akh Gold Holdings Ltd and General Manager (Egypt)

Amilha Young appointed as Company Secretary and Legal Counsel

Boubacar Thera appointed as Corporate Manager (Mali)

David Hall appointed as Strategic Advisor (Egypt)

Operational highlights

Expansion of activities into Egypt through award of gold exploration licences, forming four projects, totalling 1,565kmlocated in the Eastern Desert through a competitive international bidding process; discovery of numerous hard rock artisanal gold workings from field reconnaissance at Gabal Om Ourada and Wadi Dubur projects

Western Mali: High grade intersections including 21.9 grams per tonne (g/t') gold ('Au') over 10.2m from 28m from diamond drilling ('DD') at Diba gold deposit in western Mali (results are down-the-hole and not true widths)

Southern Mali: Gold resource exceeds one million ounces (17.3 million tonnes at 1.2 g/t Au for 665,000 inferred ounces and 9.2 million tonnes at 1.2 g/t Au for 360,000 indicated ounces) at Tabakorole gold project in Southern Mali under Joint Venture (JV') withAustralian Securities Exchange (ASX') listed Marvel Gold Ltd ('Marvel Gold'). Upgraded Mineral Resource Estimate ('MRE') generated a 24% increase in indicated ounces and 7% increase in inferred ounces, with 70% of deposit comprising the MRE within 150m of the surface; encouraging DD results and discovery of a potential new parallel zone of mineralisation; significant increase in JV landholding at Tabakorole (by 100kmto 292km)

Morocco: Grant of 10 new exploration licences taking the Company's portfolio to 14 projects covering 824kmtargeting primarily copper and silver; discovery of high-grade copper and silver from reconnaissance exploration at the newly granted Azrar, Izougza and Tata projects

Completion of strategic review of Bikoula iron project in southern Cameroon by Mining Plus UK Ltd (Mining Plus') to determine next steps for project development

Steven Poulton, Chief Executive of Altus, commented: '2021 marked another milestone year for Altus. With the acquisitionof an NSR royalty on the Caserones copper mine in Chileand receipt of the maiden royalty payment just a month after closing the deal transformed Altus into a revenue generating business. Later in the year, weacquired a portfolio of 24 royalty interests from Newcrest Mining Ltd. The Newcrest portfolio includes royalties on two producing gold mines, one near-producing gold mine and 21 development and exploration stage projects, bringing the Company's global portfolio to 33 royalty interests and 27 project interests across nine countries and nine metals.

'Operationally, our focus during the period was on advancing and de-risking our royalty generation assets, primarily in Mali and Egypt. In southern Mali, an updated independent Mineral Resource Estimate at the Tabakorole gold royalty and JV project reported that gold resources now exceed one million ounces and there remains significant potential for further growth in parallel zones, along strike and at depth. Elsewhere in western Mali, diamond drilling we completed at the Company's 100% owned Diba gold project returned impressive high-grade intersections and discovered new zones. Earlier this month, post-period, Altus was granted a small-scale gold mining licence for Diba; an important step as we now progress with an updated MRE and Preliminary Economic Assessment for the combined Diba & Lakanfla project. In Egypt, Altus was awarded highly prospective gold exploration licences totalling 1,565km2in the Eastern Desert, which we consider has world class discovery potential. Systematic exploration and target evaluation is already underway across these projects.

'Altus is exceptionally well-positioned to progress with its royalty generation activities across Africa while also reviewing accretive royalty income acquisition opportunities. The Company has a strong pipeline of transactions under review and we intend to further enhance and diversify our portfolio in the coming years growing our revenue streams in parallel.

'2022 is on course to be another highly productive year for the Company and we look forward to providing further updates in due course.'

Contact:

Steven Poulton

Tel: [phone]

Email:[e-mail]

About Altus Strategies Plc

Altus Strategies (AIM: ALS, TSX-V: ALTS & OTCQX: ALTUF) is a mining royalty company generating a diversified and precious metal focused portfolio of assets. Its differentiated approach of generating royalties on its own discoveries in Africa and acquiring royalties globally through financings and acquisitions with third parties, has attracted key institutional investor backing. Altus has established a global portfolio comprising 33 royalty interests and 27 project interests across nine countries and nine metals. The Company continues to assess royalty acquisition opportunities as well as actively advancing its portfolio of gold and base metal projects across Africa, as part of its 'boots on the ground' royalty generation strategy. Altus engages constructively with all stakeholders, working diligently to minimise its environmental impact and to promote positive economic and social outcomes in the communities where it operates.

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.

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