Retail Entitlement Offer Opens

• Altamin Ltd conducting 45 for 100 pro-rata accelerated non-renounceable entitlement offer
• Offer to raise up to $6.46 million before costs
• Proceeds to be used for exploration, project maintenance, and general corporate expenses

Altamin Ltd (ASX:AZI) has announced that it is conducting a 45 for 100 pro-rata accelerated non-renounceable entitlement offer (Entitlement Offer) to raise up to approximately $6.46 million (before costs) via the issue of new fully paid ordinary shares at a price of $0.025 per new share. The Entitlement Offer comprises an institutional entitlement offer and an offer to Eligible Retail Shareholders. The proceeds of the Entitlement Offer will predominantly be applied towards exploration and related activities at the Company's Lazio Project and on limited working capital expenses to maintain the Gorno Project in good standing, as well as towards payment of expenses of the Entitlement Offer, general corporate expenses and working capital. The use of proceeds may be varied as the Company progresses the activities at the Lazio Project and Gorno Project. Eligible Retail Shareholders can take up all, part, or none of their entitlements, with the entitlements being non-renounceable. The Entitlement Offer is not underwritten.