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To: Goose94 who wrote (141273)	1/6/2023 1:07:38 PM
From: Goose94	Read Replies (1) \| Respond to of 202448

Altan Rio Minerals (AMO-V) Closes Initial Tranche Of Private Placement Jan 6, '23 - NR Altan Rio Minerals Ltd. has closed the first tranche of its previously announced non-brokered private placement of 26,153,846 common shares of the company at a price of 6.5 Australian cents per share to raise up to $1.7-million (Australian) (approximately $1.56-million) (see press release of the company dated Dec. 23, 2022). The offering is being made to Mostia Dion Nominees Pty. Ltd., an Australian group of companies involved in the mining services industry. The company confirms that 3,076,923 common shares have been issued to Mostia pursuant to the closing of the first tranche and that it anticipates closing the second tranche for the remaining 23,076,923 common shares upon receipt of TSX Venture Exchange approval following clearance of a personal information form to be filed by Mostia. With the initial funds of the offering received, and with the support of its new an soon to be significant shareholder, Altan Rio looks forward to executing on its strategy of moving from an explorer to producer. Graeme Sloan, executive chairman and interim chief executive officer of the company, said: "A new year, a new significant shareholder with 2023 looking to be a pivotal year for the company. The hard work carried out by management in the second half of 2022 has positioned the company extremely well to deliver on the ultimate aim of becoming a gold producer in our own right." About Altan Rio Minerals Ltd. Altan Rio is a Canadian-listed, West Australian-focused gold exploration company primarily focused on the Southern Cross greenstone belt, a prolific gold producing region responsible for well in excess of 12 million ounces. The company is focused on applying world-class exploration technologies and experience to proven mineralized tenure to generate shareholder wealth through discovery and production. On behalf of Altan Rio Minerals Limited For more information contact: Graeme Sloan John L C Jones AM Chairman / Interim CEO Director Email: gs@altanrio.com Email: jj@altanrio.com +61 9322 1788 +61 9322 1788 Media David Tasker Chapter One Advisors Email: dtasker@chapteroneadvisors.com.au +61 433 112 936