Altius Renews Normal Course Issuer Bid and Continues Automatic Repurchase Plan

Altius Renews Normal Course Issuer Bid and Continues Automatic Repurchase Plan 
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR -- (Marketwire) -- 03/28/13 --
Altius Minerals Corporation ("Altius") (TSX:ALS) announces that it
will purchase at market price up to 1,406,207 common shares
("Shares"), being approximately 5% of its outstanding Shares of
28,124,153 as of March 19, 2013, by way of a normal course issuer bid
("NCIB") through the facilities of the Toronto Stock Exchange
("TSX"). The bid is subject to regulatory approval. The NCIB will
commence April 2, 2013 and will end no later than April 1, 2014. Any
Shares purchased during the NCIB will be cancelled and returned to
treasury. In connection with the NCIB Altius has also entered into an
automatic share purchase plan agreement (the "Plan") with a broker to
facilitate purchases of its Shares under the NCIB. Altius has filed
with the TSX a Notice to provide for the implementation of the Plan.  
The TSX rules permit Altius to purchase daily, through TSX
facilities, a maximum of 7,036 Shares under Altius' NCIB. During the
previous 12 months, Altius purchased a total of 683,628 Shares
through a NCIB at a volume weighted average price of $10.76 per
Share. The reason for the NCIB is that, in the opinion of the board
of directors, the value of Altius, based on anticipated cash flows
and underlying asset values, is from time to time, greater than the
then aggregate market price of the Shares and accordingly, the
acquisition of Shares under the NCIB represents an appropriate use of
The Plan permits Altius' broker to repurchase Shares under the NCIB
at any time, including during internal blackout periods and/or when
Altius is in possession of undisclosed material information, subject
to certain price limitations and other parameters prescribed by the
TSX, applicable Canadian securities laws and the terms of the Plan.
Altius may also instruct the broker to make specific purchases of
Shares, and may suspend or terminate the Plan, provided that in each
instance, Altius certifies to the broker that it is not in possession
of any undisclosed material information about itself or its
The Plan constitutes an "automatic plan" for purposes of applicable
Canadian securities laws and has been pre-cleared by the TSX. 
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 $281 million, including $155 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 28,124,153 shares outstanding.
Altius Minerals Corporation
Chad Wells
Toll Free: 1-877-576-2209
709-576-3441 (FAX)
Press spacebar to pause and continue. Press esc to stop.