Botwood Basin

[SurfaceProbe]

Field Programs Underway for Altius but where is the beef (drilling program)?

Altius Minerals Corporation today's NR:

Field Programs Underway

Botwood Basin

At the Moosehead property, final results from a property-scale MMI geochemical survey are expected shortly. A previous orientation survey on the property using the MMI technique was successful in directly identifying known mineralized zones beneath till cover. Drilling last season produced several significant intercepts and another phase of drilling is planned once targets have been prioritized. The current program is targeting high-grade vein-style gold mineralization and is funded by Sudbury Contact Mines Ltd.

At the Mustang properties, which are subject to an agreement with Barrick Gold, a comprehensive geochemical survey is in progress. Results of an orientation geochemical survey are awaited and will be used to optimize follow up programs within the target areas identified during last season's reconnaissance programs. Work on this large property group is targeting sediment hosted gold deposits.

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It is interesting to note that Sudbury Contact has yet to anounce it has closed the unit offering of Common Shares and Warrants previously announced on May 20, 2003.