Altius Minerals Corporation (TSX:ALS) Reports Second Quarter

Altius Minerals Corporation (TSX:ALS) Reports Second Quarter Net Loss
of $2,885,000 
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwire) -- 12/12/12 --
Altius Minerals Corporation ("Altius") (TSX:ALS) reported a net loss
attributable to common shareholders of $2,885,000 or ($0.08) per
share for the three months ended October 31, 2012 compared to a net
loss of $2,868,000 for the same period last year. The current year
was affected primarily by the losses in the share of associates. 
A summary of the financial results is included in the following
table. 


 
                                              Three months ended            
                                                 October 31,                
                                                 (unaudited)                
                                                  2012                 2011 
                                  ------------------------------------------
                                                     $                    $ 
Revenue                                      1,580,000            1,635,000 
Net earnings (loss) attributable                                            
 to shareholders                            (2,885,000)          (2,868,000)
Diluted earnings (loss) per share                (0.08)               (0.10)
Net cash flow from operating                                                
 activities                                  4,052,000           (8,172,000)

 
Additional information on the Corporation's results of operations is
included in the Corporation's MD&A, and Financial Statements, which
were filed on SEDAR today and are also available on the Company's
website at www.altiusminerals.com. 
About Altius 
Altius is focused on the mining and resources sector through prospect
generation and the creation and acquisition of royalties and
investments. Altius has a strong financial position with total assets
of approximately $286 million, including $158 million in cash and
marketable securities. It has also built a portfolio of directly and
indirectly held junior resource investments, including 32.9 million
shares of Alderon Iron Ore Corp. (TSX:ADV).  
Altius owns a 3% gross sales royalty on the Kami iron ore project of
Alderon, an effective 0.3% net smelter return royalty on the
producing Voisey's Bay nickel-copper-cobalt mine, a 2% gross sales
royalty on uranium in the Central Mineral Belt project of Paladin
Energy Limited, and several earlier stage resource project royalties.
Its growing project generation pipeline consists of a diversified
portfolio of exploration projects, many of which have attracted joint
venture funding partners.  
Altius is a member of the S&P/TSX Global Mining Index and currently
has 28,257,364 shares outstanding.
Contacts:
Altius Minerals Corporation
Brian F. Dalton
President
Toll Free: 1-877-576-2209
709-576-3441 (FAX) 
Altius Minerals Corporation
Chad Wells
Vice President Corporate Development
Toll Free: 1-877-576-2209
709-576-3441 (FAX)
info@altiusminerals.com
www.altiusminerals.com
 
 
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