Definitive Agreement Finalized for Acquisition of Lithium Property

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DEFINITIVE AGREEMENT FINALIZED FOR ACQUISITION OF LITHIUM PROPERTY

VANCOUVER, BRITISH COLUMBIA – MAY 4, 2016: Altair Gold Inc. (“Altair” or the “Company”) (TSX-V: AVX) The Board of Directors are pleased to advise, further to our news release of May 3, 2016 announcing the acquisition of the 4,000 hectare (approximate) White Hills Lithium property in Quebec, a definitive agreement has been completed and finalized. The acquisition continues to be subject to TSX Venture Exchange acceptance for filing. Such filing is proceeding,

ON BEHALF OF THE BOARD,

“John Huguet”

J. Huguet, FCPA, FCMA Chairman and Independent Director

Neither 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.