Altima Announces Initiation of Drilling of the 14-35 Well at Chambers-Ferrier,
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/12/13 -- Altima
Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC)
announces the Altima Chambers 14-35-41-11 W5M well is anticipated to
spud within the third week of February. Road and lease construction
has commenced and a rig contracted. The 14-35 well is to be drilled
to a depth of approximately 3,090 meters into the Nordegg formation.
The 14-35 well will be the first well drilled under Altima's
Participation Agreement with Whistler Oil and Gas Pty. Ltd. (refer to
News Release January 24, 2013). The 14-35 well is located
approximately 5 kilometers to the north of the COPOL ET AL HZ
CHAMBERS 14-15-41-11 W5M well drilled and completed in 2012.
The Company's mostly contiguous land base at Chambers-Ferrier totals
twenty (20) sections (12,800 gross acres) with an approximate average
working interest of 97.2% in 10 of the 20 sections and varying
interests in eight (8) wells.
Richard Switzer, CEO, President and a Certified Professional
Geologist, is the Qualified Person under National Instrument 51-101
responsible for preparing and reviewing the data contained in this
ON BEHALF OF THE BOARD
Joe DeVries, Director
This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact
included in this release are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from the Company's plans or expectations include
risks relating to: availability of capital and financing required to
continue the Company's exploration and development plans; general
economic, market or business conditions; the actual results of
current and planned exploration activities; fluctuating commodity
prices; risks associated with property option agreements, leases,
joint ventures and the ability to conclude joint venture agreements
on favorable terms; possibility of accidents, equipment breakdowns
and delays during exploration; exploration cost overruns or
unanticipated costs and expenses; regulatory changes and restrictions
including in relation to environmental liability; timeliness of
government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with
securities regulators. The Company expressly disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Altima Resources Ltd.
(604) 718-2808 (FAX)
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