Alturas Minerals Grants Options

Toronto, March 3, 2008 – Alturas Minerals Corp. (the “Company”) (TSX-V: ALT) announces that options to acquire 445,000 common shares of the Company have been granted to directors and employees of the Company. The options have a term of 5 years, are exercisable at $0.22 per common share, and vest over 3 years, with 1/3 vested immediately, 1/3 one year thereafter, and the final 1/3 one year thereafter.

Alturas is a Canadian corporation, and is the parent of Alturas Minerals S.A. (“Alturas Peru”). Alturas Peru has been actively exploring various mineral projects in Peru since January 2004. The principal assets of Alturas are four mineral exploration projects located in southern Peru, being the Huilacollo Gold Project, the Baños del Indio Gold Project, the Utupara Copper-Gold Project and the Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peru has interests in fourteen other exploration projects in Peru. Alturas’ exploration strategy is focused on the discovery of large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits. For further information, please visit the Company's website at www.alturasminerals.com.

For further information please contact:

Miguel Cardozo, President & Chief Executive Officer
Alturas Minerals Corp.
Phone: 011-511-475-1700 (Peru)
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

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 does not accept responsibility for the adequacy or accuracy of this release.

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