| June 27, 2008 |
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Alturas commences drilling at the Huajoto polymetallic project, Central Peru Toronto, June 27, 2008 – Alturas Minerals Corp. (the “Company”) (TSX-V: ALT) announced today that drilling has commenced at the Huajoto polymetallic project in Central Peru. The 3,000 meter Phase One core drilling program will test base metal-rare earth element, and gold-silver epithermal, replacement mineralization targets reported in a previous press release dated June 4, 2008. Local drilling company Geotecnia Peruana S.R.L. has been retained by Alturas to execute the program. Miguel Cardozo, President & CEO, commented, “We are very pleased to report that drilling has now commenced at Huajoto. The drilling program will test a number of high priority targets that we have defined in recent months through systematic geological, geochemical and geophysical work in this very large mineralized system. Strong surface evidence of replacement-style mineralization is common and its concentration above deep-rooted gravity and induced polarization geophysical anomalies is very encouraging.” The 3,700 hectare Huajoto project is located in the historic mining district of Huancavelica in Central Peru. Huajoto is a zoned polymetallic system 5.0 kilometers by 7.0 kilometers in size, with strong gold-silver anomalies associated with a high-sulfidation epithermal core (La Virgen target) passing outwards into zones of strong zinc, lead and rare earth surface geochemical anomalism (Caty-Pablo target). Part of the Huajoto properties were previously drilled by Teck Cominco Peru S.A., (Teck Cominco Peru), a subsidiary of Teck Cominco Limited in 1999-2001. The Huajoto properties are subject to an Option agreement with Teck Cominco Peru and COMACSA, a Peruvian industrial minerals company. See Alturas press release dated September 18, 2007 for details of the tenure and terms of the Option agreement. For maps and an extended summary of exploration results, refer to the Company´s website About Alturas Minerals Corp. 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 our mineral exploration projects located in southern Peru, being the Huilacollo Gold Project, the Baños del Indio old Project, the Utupara Copper-Gold Project and the Huajoto Gold-Silver-Zinc Project. In addition, Alturas Peru as interests in eight other exploration projects in Peru. Alturas’ exploration strategy is focused on the discovery f large epithermal gold mineralized deposits and copper-gold porphyry/skarn deposits. For further information, lease visit the Company's website at www.alturasminerals.com As required by the National Instrument 43-101, Alturas's designated Qualified Person for the supervision of exploration of the projects is Dr. Paul Pearson, F. AUSIMM, Vice President-Exploration of the Company, who has verified the technical information reported in this News Release. For further information please contact: Miguel Cardozo, President & Chief Executive Officer Should you wish to receive Company news via email, please email Esta dirección electrónica esta protegida contra spambots. Es necesario activar Javascript para visualizarla and specify Alturas News” in the subject line. The TSX Venture Exchange does 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 esults and future events to differ materially from those expressed or implied by such statements. Investors are cautioned that such tatements 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 securities authorities. |