Altamira Gold announces $2M private placement

News Release

Altamira Gold Corp Announces $2,000,000 Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES

November 15, 2017 – Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF), (“Altamira” or the “Company”) announces that it proposes to raise up to $2,000,000 through a non-brokered private placement of up to 10,000,000 units (“Units”) at a price of $0.20 per Unit. Each Unit is comprised of one common share and one non-transferable share purchase warrant exercisable at $0.33 per warrant share for a period of five years from the issue date. All the securities will be subject to a four-month hold period from the date of closing. The private placement is subject to the approval of the TSX Venture Exchange. Equitas intends to use the net proceeds for its exploration program on the Company’s mineral properties in Brazil, and for general working capital purposes.

On Behalf of the Board of Directors,
ALTAMIRA GOLD CORP.
“Michael Bennett”
Michael Bennett President & CEO
Tel: 604.676.5660 info@altamiragold.com

Neither TSX Venture Exchange nor it 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.