RAMBLER GOLD-COPPER PROPERTY

In 2005 Altius completed the sale of the Rambler copper-gold property to an ambitious new base metal company - Rambler Metals and Mining Plc. In consideration of the sale Altius was granted approximately 30% (12 million shares) of the issued shares of Rambler Mines who trades on the both the AIM Market of the London Stock Exchange and the TSX Venture Exchange under the symbols RMM and RAB, respectively.

In conjunction with it's listing, £8 million (approximately C$18.3 million) was raised by the new company through the placing of shares priced at 50p per share. Altius president and CEO Brian Dalton and Altius director John Baker both sit on the board of directors of Rambler Metals and Mining plc.

Altius effectively converted its project interest to a shareholding in a company that brings together the capital and mining expertise that is required to create further value from the Rambler project.

For a more detailed overview of this progressive new base metals company and its accomplished Board of Directors please visit their corporate website at www.ramblermines.com.

The Rambler Property

The Rambler property features a history of high-grade production that terminated when mine workings reached a neighbouring property boundary. Altius eliminated the boundary by attaining a consolidated land position affording an excellent opportunity to define the full extent of the mineral deposits.

The property features the former producing Ming and Ming West copper-gold mines. The Ming Mine last operated in 1982 and the Ming West Mine in 1996. Mining of the Ming Mine ceased when workings reached the neighbouring property boundary. The Ming and Ming West Mines exploited relatively narrow zones of high-grade copper and gold mineralization. Sections of this mineralization remain in the lower part of the Ming Mine and it is open to depth.

In 2004, two holes were drilled to test the depth potential of the underlying Ming Footwall Zone (MFZ), which was partially outlined nearer to surface by the previous mining operator. These drill holes both returned wide zones of copper mineralization with substantially better indicated grades than encountered in the nearer to surface historic holes and the MFZ became a priority for delineation drilling.

The first phase of drilling by RMM was carried out from April through December 2005 and involved the completion of widely spaced holes from which offset holes could be completed using directional drilling technology. The directional drilling program began in January of 2006 and holes are now being spaced at approximately 50 metre centres in order to delineate the mineralized areas.

Some of the exploration highlights from the delineation drilling of the Ming Footwall Zone (MFZ) include some of the highest grade drill intersections to date at the project and include: 
    - RM-06-04c - 122 feet @ 2.14% copper and 64 feet @ 2.66% copper
    - RM-06-04b - 49.2 feet @ 2.53% copper and 44.3 feet @ 2.49% copper

In addition, to the thick mineralized zones intersected above higher grade sections have also been noted and include:
    - RM-06-04d returns 34.4 feet @ 3.20% copper
    - RM-06-04e returns 24.6 feet @ 4.17% copper plus 4.50 g/T gold and 57.1 feet @ 3.18% copper
    - RM-06-03b returns 21.0 feet @ 3.32% copper and 36.1 feet @ 2.42% copper

The MFZ is emerging as a very robust zone of copper-gold mineralization and the ongoing delineation drilling is quickly outlining a significant volume of potential ore. In consideration of these excellent drill a program of dewatering and rehabilitation of the Ming Mine underground infrastructure is currently preparing for a April 2007 start up. This work is being undertaken with a view towards accelerating resource delineation.

New HIGH GRADE Discoveries

Two new exciting discoveries has also emerged in the recent drilling that features extremely high grade copper mineralization over significant widths.  The "Upper Ming Footwall" zone is above the MFZ in close proximity to existing underground mining infrastructure while the 1807 zone is essentially within the workings.  These new zones of high-grade copper-gold mineralization are especially significant because they are relatively accessible from the existing workings once dewatering has been completed.

Drill Highlights from the zones include:
    Upper Ming FW
    - 19.7 feet of 14.40% copper plus 1.8 g/T gold in RM-06-04f and,
    - 47.2 feet oft 4.71% copper; including 10.8 feet @ 14.00 % copper plus 1.0 g/T gold in RM-06-04g

    1807 Zone
    - RM06-04l returns 16.4 feet of 5.20% copper including 6.56 feet of 10.70 % copper
    - RM07-18 returns 8.53 feet of 17.65 % copper with 3.5 g/T gold
   
Both zone remains open along strike and down plunge.

For a comprehensive overview of the exploration results to date please visit Rambler’s corporate website at www.ramblermines.com.