ARH Altima Resources Ltd

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC) announces that it
anticipates closing the final tranche of its private placement to raise the
balance of up to $11,043,189 through the issuance of convertible debentures by
December 15, 2012, subject to acceptance by the TSX Venture Exchange. Refer to
News Releases dated June 8, 2012, August 10, 2012 and August 29, 2012. 


ON BEHALF OF THE BOARD

Joe DeVries, Director

The securities referred to in this news release have not been, nor will they be,
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable exemption
from the U.S. registration requirements.


This news release does not constitute an offer for sale of securities for sale,
nor a solicitation for offers to buy any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing
detailed information about the company and management, as well as financial
statements.


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the completion of
a private placement of convertible debentures to raise up to $15,000,000, and
other future plans, objectives or expectations of the Company are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's plans or expectations include risks relating to:
availability of capital and financing required to complete the proposed private
placement and to continue the Company's exploration and development plans;
general economic, market or business conditions; the actual results of current
and planned exploration activities; fluctuating commodity prices; risks
associated with property option agreements, leases, joint ventures and the
ability to conclude joint venture agreements on favorable terms; possibility of
accidents, equipment breakdowns and delays during exploration; exploration cost
overruns or unanticipated costs and expenses; regulatory changes and
restrictions including in relation to environmental liability; timeliness of
government or regulatory approvals and other risks detailed herein and from time
to time in the filings made by the Company with securities regulators. The
Company expressly disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise except as otherwise required by applicable securities legislation.

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