• Binding commitment of A$28.2 million received via a strategic placement to Endeavour Gold Corporation
• Placement strengthens Altair's pro-forma treasury to ~A$40 million, setting the transformational foundation for exploration success
• Proceeds to fund increased drilling, acceleration of programs, and regional targeting across Greater Oko

Altair Minerals Limited (ASX: ALR) has received a binding commitment of A$28.2 million via a strategic placement to Endeavour Gold Corporation, a wholly owned subsidiary of Endeavour Mining plc. The placement price of A$0.043 per share represents a 5% premium to Altair's last closing price and a 40% premium to the 30-day VWAP. The placement will strengthen Altair's pro-forma treasury to approximately A$40 million, setting the transformational foundation for exploration success through aggressive drill-testing across Greater Oko over the coming years. Proceeds from the placement will be used to increase the current 30,000m drilling program to 50,000m, accelerate drilling through the addition of a second RAB rig, accelerate geochemical programs, and fund regional targeting programs. The placement also demonstrates the growing interest from major mining firms in Guyana's untapped gold industry. Endeavour, the largest gold producer in West Africa, will become a 9.90% shareholder of Altair and will set up a joint technical committee to leverage key technical synergies between the two companies.

The robust treasury combined with an aggressive exploration approach on an untapped and globally recognized greenstone, allows Altair the ability to bring forth numerous discoveries in parallel and generate a multi-year pipeline of targets.