News Column

Altima Update Regarding Closing Date for Financing

May 23, 2014



ENP Newswire - 23 May 2014

Release date- 22052014 - Altima Resources Ltd. (TSX-V Symbol: ARH) announces further to its News Release dated May 5, 2014 that, subject to receipt of acceptance from the TSX Venture Exchange, it anticipates closing its private placement for gross proceeds of $12,500,000 by the issuance of 138,888,886 Units at $0.09 per Unit by May 30, 2014, not May 21, 2014 as previously announced.

Following completion of the Financing, the Company will arrange for a Special Meeting of Shareholders to seek shareholder approval to the proposed 8:1 consolidation. Refer to May 5, 2014 News Release for further particulars of the Financing and proposed consolidation.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

Contact:

Altima Resources Ltd.

Suite 303, 595 Howe Street

Vancouver, B.C. V6C 2T5

Tel: (604) 336-8610

Fax: (604) 718-2808

www.altimaresources.com


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Source: ENP Newswire


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