Altus Strategies Plc announced the discovery of multiple high grade gold prospects from reconnaissance sampling across all four of the Company's current projects in Egypt ("Projects"), and also announces the award of two further gold ("Au") exploration licences which will increase the Company's aggregate holdings in Egypt to 1,914 km2. All of the Company's licences in Egypt are located in the highly prospective Eastern Desert and are held by the Company's 100% owned subsidiary Akh Gold Ltd. ("Akh Gold"). Highlights: Multiple gold discoveries made across all four of the Company's Projects in Egypt.

More than 100 hard rock artisanal gold workings mapped with grades up to 100 g/t gold. Results indicate the potential for several multi-kilometre long prospective structures. Two new licences totalling 349 km2 awarded under the recent competitive bid round.

Total land holding in Egypt will increase to 1,914 km2 across six key project areas. Operational team fully established including 10 Egyptian geologists and two field offices. Aggressive exploration campaign underway to define and prioritise potential drill targets.

Projects: Background & Exploration Results The Projects were awarded to Akh Gold,as part of Egypt's inaugural and competitive international exploration licence bid round initiated by the Egyptian Mineral Resources Authority ("EMRA") in 2020. All four current Projects, which comprise nine licence blocks and cover 1,565 km2, are situated in the eastern desert of Egypt, between 30 km and 100 km west of the Red Sea coast. The Projects have been awarded for an initial two-year term, with each licence renewable for up to two further periods, each of two years duration.

Project Overview: Wadi Dubur (175 km2) The Wadi Dubur project consists of one licence block, covering a total area of 175 km2. The Project area contains a north-west to west trending 12 km curvilinear east-west fault belt which is up to 3 km wide and is comprised of regionally mapped thrust faults and strike-slip flexures. The (standalone) project block consists of an ophiolite melange, minor schists, syn- to late- tectonic gabbro and diorite intrusives on the flank of a major 25 km x 28 km syn- to late-tectonic granitic body.

Altus believes Wadi Dubur is prospective for orogenic gold mineralisation hosted in a north-west trending ophiolite belt. Highlights from the most recent exploration programme at the Wadi Dubar Project include: · Rock chip samples of 17.45 g/t Au and 14.71 g/t Au within schists and intrusives. Highlights from the most recent exploration programme at the Gabal Al-Shaluhl Project include: · Rock chip samples of 14.75 g/t Au, 9.18 g/t Au and 6.16 g/t Au · One hard rock working mapped for over 300 m with grades up to 2.35 g/t Au · Numerous active and historical hard rock gold workings mapped · To date only 2 of the 24 priority targets have been mapped and sampled Project Overview: Wadi Jundi (696 km2) The Wadi Jundi Project consists of four licence blocks, covering a total area of 696 km2.

The Project area hosts a potential30 km long shear corridor including a potential 12 km long north-west trending ophiolite belt comprising a basal serpentinite melange overlain by calc-alkaline basic to acidic volcanics, capped by volcaniclastics, and sediments (schists). The Project is located approximately 40 km south of the historic El Sid gold mine, and is 115 km north-west of the Sukari gold mine. Mineralisation hosted at El Sid and Sukari is not necessarily indicative of mineralisation hosted at the Wadi Jundi Project.

Wadi Jundi is directly accessible by secondary tracks from the Al Kosair-Qena asphalt highway, which runs along the Licence's northern boundary and connects the city of Luxor and coastal town of Quseir. Highlights from the most recent exploration programme at the Wadi Jundi Project include: · Rock chip samples of 10.20 g/t Au, 9.53 g/t Au and 5.69 g/t Au · Spoil samples from workings have returned grades up to 58.30 g/t Au and 20.50 g/t Au · Numerous active and historical hard rock gold workings mapped · To date only 4 of 32 priority targets have been mapped and sampled Project Overview: Gabal Om Ourada (346 km2) The Gabal Om Ourada Project consists of two licence blocks, covering a total area of 346 km2. The Project area hosts a north-west trending belt of serpentinised ophiolite and associated tectonic melange, schists, andesite and porphyryitic subvolcanic rocks, intruded by multiple syn- to late-tectonic granodiorite and late- to post-tectonic granite intrusions.

Basement gneisses and mylonitic schists of the Meatiq Dome, a metamorphic core complex, outcrop in the south-west of the area and are separated from the younger rocks by a series of deep-seated north-west trending sinistral shear zones and north-east trending thrusts that are part of the crustal scale (>1,100 km long) Najd Fault corridor. A Highlights from the most recent exploration programme at the Gabal Om Ourada Project include: · Rock chip samples of 3.44 g/t Au, 2.65 g/t Au and 2.44 g/t Au · Spoil samples from workings (up to 375 m long) have returned grades up to 6.78 g/t Au · Numerous active and historical hard rock gold workings mapped · Ongoing ground truthing of numerous remote sensing targets Next Phase of Exploration Detailed exploration programmes are currently ongoing across the Projects, including rock chip sampling, channel sampling and geological mapping. Two Further Licences Awarded to Akh Gold EMRA have announced two new licences have been granted to Akh Gold, as part of Egypt's second competitive international exploration licence bid round.

Gabal Al-Shaluhl Project: 63 grab samples were collected as rock chips from outcrop and float from the programmes described in this release. Wadi Jundi Project: 85 grab samples were collected as rock chips from outcrop and float from the programmes described in this release. Gabal Om Ourada Project: 194 grab samples were collected as rock chips from outcrop and float from the programmes described in this release.