TAYLOR BROOK NICKEL PROPERTY

In March 2007 Altius executed a new nickel exploration partnership for its Taylor Brook property with Northern Abitibi Mining Corporation.  Northern Abitibi may earn an initial 51% interest in the Taylor Brook property by issuing 500,000 shares and paying $200,000 to Altius and by spending $1,200,000 on exploration over four years.

The Plateau Nickel Project features a very high-grade nickel-copper-cobalt-PGM occurrencesnear Taylor Brook, in an unexplored area of western Newfoundland. Altius and Northern Abitibi believe that the occurrences are indicative of a previously unrecognized geological belt that has the potential to evolve into a new nickel district. The geological environment is considered to be broadly analogous to Manitoba's Thompson Nickel Belt.

Averaging of analytical results from eleven grab samples collected from an occurrence referred to as the Layden Prospect generated the following values: 5.38% nickel, 1.05% copper, 0.10% cobalt, 112 ppb platinum, 232 ppb palladium and 416 ppb gold. The range of metal values for the eleven samples is as follows: 2.16% - 7.96% nickel, 0.03% - 2.55% copper, 0.05% - 0.14% cobalt, 66 ppb - 229 ppb platinum, 99 ppb - 334 ppb palladium and 80 ppb - 2450 ppb gold.

2007 Exploration Results
In late 2007 Northern Abitibi conducted a 1,215 metre drilling campaign testing targets surrounding the Layden Prospect.  Although the drilling did not intersect economic concentrations of nickel sulphide mineralization it did encounter a large nickel-bearing mafic-ultramafic complex. The drilling has established the presence of a much larger mafic-ultramafic intrusion than previously identified from surface work as well as favourable sulphide-bearing ultramafic phases, including mineralized sulphide-bearing breccias.

For further information regarding Northern Abitibi's exploration work to date and its 2008 planning at the Taylor Brook project please visit our partner's website at http://www.naminco.ca.