Altamira Gold: Exploring for Gold and Copper in Brazil

• Altamira has a large 200,000 hectare land position with gold and copper exploration projects in Brazil. They are currently drilling on two projects.
• At their Apuí project, they have drilled about 2,000 meters and found disseminated gold mineralization associated with pyrite blobs. They believe they need to take larger samples to get accurate gold grades.
• At their Santa Helena project, they have drilled 2,500 meters and consultants believe they have found a porphyry system. More focused drilling is planned after an airborne mag survey to identify targets.
• Altamira has spent the past months collecting thousands of soil samples across their land holdings analyzing for gold, copper and other metals. Results will be announced soon.
• The company has about C$5.4 million in cash after spending C$600k over the past 9 months. Their plan is at least 5,000 more meters of drilling in 2022 focused on the two main projects.

About Altamira Gold

Altamira Gold Corp. is a Canadian mineral exploration company focused on the discovery and development of gold and copper deposits in Brazil. With a portfolio of projects covering nearly 200,000 hectares in the prospective Juruena gold belt in Mato Grosso, Altamira is leveraging its strong technical team and extensive experience in Brazil to unlock the district's potential.

Altamira Gold is led by President and CEO Michael Bennett, a geologist with over 25 years of experience exploring and operating in Brazil. The company was founded in 2010 and has been actively exploring its key projects - Apiacás, Santa Helena, and Novo Astro - over the past decade. With over $5 million in cash and no debt, Altamira is well positioned to continue advancing its projects.

Interview with Michael Bennett, President & CEO of Altamira Gold

Recent Drilling Results

Over the past nine months, Altamira has aggressively drilled its Apiacás and Santa Helena projects, completing around 5,000 meters in total. At Apiacás, drilling has discovered wide zones of altered and bleached rock with disseminated pyrite and gold mineralization. While gold values have been lower than expected so far, the company believes larger sample sizes may be needed to accurately assess grade. Additional airborne geophysics surveys are planned to refine targets for the next phase of drilling in 2022.

Meanwhile, at Santa Helena, Altamira's drilling has confirmed the presence of a large porphyry-style hydrothermal system. Geological consultants have verified the porphyry-style alteration, veining, and mineralization encountered in drilling so far. However, the core of the mineralized porphyry has yet to be discovered. The company plans to conduct detailed airborne magnetic and IP surveys over the entire 10km by 10km project area prior to additional drilling. This will help delineate the location and orientation of geological structures and refinement of drill targets.

Outlook for 2022

In the second half of 2022, Altamira plans to drill at least 5,000 meters between the Apiacás and Santa Helena projects. At Apiacás, airborne magnetic data will be used to refine targets within the broad zones of alteration and mineralization identified so far. The focus will be on discovering higher grade structurally controlled gold mineralization.

At Santa Helena, airborne magnetic and IP surveys covering the entire project area will provide crucial information on the location of the core of the mineralized porphyry system. This will allow Altamira to optimize drill hole locations and vector towards the highest grades. There is clear potential for a major discovery if the porphyry center can be delineated.

While Altamira currently plans to self-fund ongoing exploration, the company may consider a joint venture in the future to accelerate activities at Santa Helena. A partner with expertise in exploring porphyry systems could help maximize the chances of discovery.

Conclusion

With active exploration programs underway at two highly prospective projects, multiple catalysts on the horizon, and a healthy treasury, Altamira Gold represents an intriguing speculative investment opportunity. The company's systematic exploration and strategic use of modern geophysical surveys provide confidence that Altamira is taking the right approach. Positive drill results confirming high grade gold and/or the discovery of a significant porphyry system at either Apiacás or Santa Helena would be transformational. Risk tolerant investors with a long-term horizon will want to keep a close eye on Altamira's progress in the year ahead.