Instrument Name Altius Minerals Corp Instrument ExchangeTSX: Instrument SymbolALS-T

Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") expects to report attributable quarterly royalty revenue+ of approximately $21.8 million ($0.53 per share) for the second quarter ended June 30, 2021. This compares to quarterly revenues of $17.8 million ($0.43 per share) in Q1 2021.

Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) ("Altius" or the "Corporation") is pleased to update its Project Generation ("PG") business activities and its public junior equities portfolio. The market value of equities in the portfolio at June 30, 2021 was approximately $64.5 million, compared to $54.2 million at March 31, 2021. The portfolio value includes receipt of 600,000 shares of Champion Iron Limited (CIA:TSX) that were distributed to secured debt holders as part of its acquisition of the Kami project through a receivership process, and also 7.14 million shares of TRU Precious Metals Corp. (TRU:TSXV) that were received as payment for the Golden Rose property during the quarter. The portfolio value does not include equity sales amounts of $1.9 million but does incorporate new investments made of $2.1 million during the quarter. An updated list of the public equity holdings has been posted to the Altius website at http://altiusminerals.com/projects/junior-equities.