Altius Confirms No Material Change

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - May 11, 2015) - Altius Minerals Corporation ("Altius") (TSX:ALS) (the "Company"), at the request of IIROC on behalf of the TSX, wishes to confirm that its management is not aware of any corporate development or undisclosed material change to the Company or its operations that would account for the recent increase in market activity. Altius successfully closed an acquisition of Callinan Royalties Inc. on May 5^th, 2015, increasing both the revenue scale and commodity diversity of its royalty portfolio. It also continues to pursue additional opportunities to acquire further royalty interests and to assemble lands for its Project Generation business while resource markets remain cyclically depressed.

About Altius

Altius is a diversified mining royalty company with royalty interests in 13 producing mines located in Canada. The royalty interests include mining operations that produce thermal (electrical) and metallurgical coal, potash, zinc, nickel, copper and cobalt.

Altius holds other significant pre-development stage royalties and its project generation pipeline contains a diversified portfolio of exploration stage projects and royalties, many of which are being advanced through various partner-funding arrangements.

Altius has 39,932,102 shares issued and outstanding that are listed on the Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.