Altan Rio Minerals : – Announces first bi-monthly Shareholder Newsletter

February 09, 2023

TSXV: AMO

Corporate Directory

Board of Directors

Chairman / Interim CEO

Graeme Sloan

Director

John Jones

Director

Jim Harris

Director

Kerry Griffin

Director

Brian Cole

Project

Southern Cross North Project

Contact Details

1. +61 9322 - 1788

1. [e-mail]

1. www.altanrio.com/

Ground Floor, 20 Kings Park Road, West Perth WA 6005

Altan Rio (TSXV: AMO)

Announces its first bi-monthly Shareholder letter.

Altan Rio Minerals Limited, (TSX-V: AMO) ("Altan Rio Minerals" or the "Company") is pleased to announce the first bi-monthly shareholder letter from Chairman and Interim CEO, Graeme Sloan.

Dear Shareholders

A belated Australia Day to those here in Australia and I hope everyone had a safe Christmas and a happy New Year.

This is the first of a series of "Shareholder Notes" the Company will distribute to shareholders on a bi‐ monthly basis in an effort to keep you well‐ informed of the company's latest developments. Obviously, these notes take time and do impact on management's day‐ to‐ day activities, focus and time but we see it extremely important to keep shareholders up to date of what is happening within the company.

We will look to distribute the ''Shareholder Notes'' on a bi‐ monthly basis for the next 6 months then determine the value to shareholders before committing to further distribution. Your input would be most helpful to measure the effectiveness of these letters.

As you may know or may not know I have recently been appointed as Chairman and Interim CEO of Altan Rio Minerals. The appointment was part of a larger Board restructure to position the Company in the next phase of its life.

CLICK HERE TO VIEW ANNOUNCEMENT

As part of the re‐ structure John Jones who served as Chairman for a number of years has moved to Director and Evan Jones has retired as Interim CEO and Director.

On behalf of all Altan Rio shareholders I would like to thank both John and Evan for their wonderful service and dedication with a special thanks to John Jones who has done so much for the company over the years and of course for his continued ongoing support.

At an operational level, we have significantly expanded our footprint within the Southern Cross region with the completion of the acquisition of 100% of Surveyor Resources Southern Cross Tenements. ("Southern Cross North Project" or "SX Nth Project"). To complete this transaction Shareholder approval will be sought at the companies upcoming AGM scheduled for March/April. The full details of this acquisition can be found on our website

TSXV:AMO.

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The acquisition is part of the Companies Southern Cross regional consolidation strategy with plans to build on this over the coming months. The consolidation attracted a new major shareholder onto our register, and I would like to again welcome Mostia Dion Nominees Pty Ltd into the Altan Rio fold. Mostia Dion Nominees have a strong interest in the mining sector.

CLICK HERE TO VIEW ANNOUNCEMENT

We have also commenced a full review of the exploration opportunities across all our tenements along with early‐ stage mining opportunities. Our team of Geologists are busily reviewing a vast amount of data and have identified a number of target areas which will now go to the next stage of critical review and hopefully exploration programs.

To assist with assessing and developing these opportunities, Altan Rio have advertised for the role of Chief Operating Officer, and I must say we are delighted with the response and have several very promising candidates. We are progressing through the recruitment process, and I look forward to announcing the successful candidate in the not‐ too‐ distant future.

The future for Altan Rio has never looked brighter, albeit with a great deal still to do. The Company is strongly positioned with multiple options all aimed at adding real value to Altan Rio shareholders.

Before I sign off it would be amiss of me not to thank our small but extremely hard‐ working executive team. Without their ongoing support and dedication, I can tell you we would not be in the position we are today. So, on behalf of all our shareholders thank you.

I see 2023 as a defining year for Altan Rio and I am excited for you as shareholders, and I look forward to delivering further news as we progress the growth of our company.

Again, thank you for your on‐ going support, please be safe and keep well.

Graeme Sloan

Chairman and Interim CEO

On behalf of Altan Rio Minerals Limited

For more information contact:

Graeme Sloan	John L C Jones AM
Chairman / Interim CEO	Director
Email: [e-mail]	Email: [e-mail]
[phone]	[phone]
Media
David Tasker
Chapter One Advisors
Email: [e-mail]
[phone]
Cautionary Statement on Forward-Looking Information

This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which 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 the forward-looking 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 undertakes no obligation to update such statements, except as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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