Altius Renewable Royalties Corp. Responds to Market Speculation

Altius Renewable Royalties Corp. ("ARR") is providing the disclosure below after observing unusual price action and trading volumes in our common shares in the last week.

ARR notes that it has been holding discussions with a third party about acquiring the minority shareholders’ position (excluding Altius Minerals’ position) at a targeted price of C$12.00 per share. As at the date hereof, no agreement has been reached and there can be no assurances that any agreement will be reached. ARR regularly evaluates a wide range of strategic opportunities in the ordinary course.