Alturas Minerals Grants Stock Options

Toronto, March 23, 2011 – Alturas Minerals Corp. (the “Company”) (TSX-V, BVL: ALT) announces the granting of an aggregate of 3,930,000 incentive stock options to directors, officers and key employees, pursuant to the Company’s Stock Option Plan, at an exercise price of $0.21 per common share. The options have a term of five years and vest over two years, with one-half vested immediately, and the final one-half one year thereafter.

About Alturas Minerals Corp.

Alturas is a Canadian corporation, which is the parent company of Alturas Minerals S.A. (“Alturas Peru”) and Alturas Chile Ltda (“Alturas Chile”). Alturas’ exploration strategy is focused on the discovery of large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits in Peru and Chile.

Alturas Peru has been actively exploring various mineral projects in Peru since January 2004. Alturas’ properties include five drill-ready mineral exploration projects located in central and southern Peru, which includes the Chapi Chapi-Utupara Copper-Gold Project, the Sombrero Copper-Gold Project, the Ccaccapaqui Gold-Silver Project, Pampa Colorada and the Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peru has interests in four other exploration projects in Peru. In Chile, Alturas has an option to acquire 100% of the La Corina copper-gold porphyry property in northern Chile.

For further information, please visit the Company's website at www.alturasminerals.com or contact us at:

Phone:   + 51-1- 652 4691 (Peru)              
+ 1- 905-467-5564 (Toronto)
Email:     This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Alturas Minerals Corp.    

Suite 3100, Scotia Plaza, 40 King St. W., Toronto, ON Canada M5H 3Y2,
and
Calle Francisco de Zela # 2579, Int. D, Lince, Lima 14, Peru     

Should you wish to receive Company news via email, please email This e-mail address is being protected from spambots. You need JavaScript enabled to view it   and specify “Alturas News” in the subject line

The TSX Venture Exchange and the Bolsa de Valores de Lima do not accept responsibility for the adequacy or accuracy of this release.

Cautionary Language and Forward Looking Statements
This press release may contain “forward-looking statements”, which are subject to various risks and uncertainties that could cause actual results and future events to differ materially from those expressed or implied by such statements.  Investors are cautioned that such statements are not guarantees of future performance and results.  Risks and uncertainties about the Company’s business are more fully discussed in the Company’s disclosure documents filed from time to time with the Canadian and Peruvian securities authorities.