ARH Altima Resources Ltd

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


Altima Resources Ltd. (the "Company") (TSX VENTURE:ARH)(FRANKFURT:AKC) announces
the approval and adoption by its Board of Directors of an advance notice policy
(the "Policy"). The purpose of the Policy is to provide shareholders, directors
and management of Altima with a clear framework for nominating directors of the
Company. Altima is committed to: (i) facilitating an orderly and efficient
annual general or, where the need arises, special meeting, process; (ii)
ensuring that all shareholders receive adequate notice of the director
nominations and sufficient information regarding all director nominees; and
(iii) allowing shareholders to register an informed vote after having been
afforded reasonable time for appropriate deliberation. The Policy is intended to
further these objectives.


The Policy, among other things, includes a provision that requires advance
notice to the Company in certain circumstances where nominations of persons for
election to the Board of Directors are made by shareholders of the Company. The
Policy fixes a deadline by which director nominations must be submitted to the
Company prior to any annual or special meeting of shareholders and sets forth
the information that must be included in the notice to the Company. No person
will be eligible for election as a director of Altima unless nominated in
accordance with the Policy.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 days and not more than 65 days prior to the date of the
annual meeting; provided, however, that, in the event that the annual meeting is
to be held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders called for the purpose of
electing directors (whether or not called for other purposes), notice to the
Company must be made not later than the close of business on the 15th day
following the day on which the first public announcement of the date of the
special meeting was made.


The full text of the Policy is available under the Company's profile at
www.sedar.com and on the Company's website (www.altimaresources.com) or upon
request by contacting the Company's Corporate Secretary at (604) 336-8610. 


The Policy is in effect as at the date of this news release. Pursuant to the
terms of the Policy, the Company will seek shareholder ratification of the
Policy at its next annual general meeting of shareholders. 


Convertible Debenture Closing Update:

Altima further announces that it intends to close the final tranche of its
convertible debenture private placement financing on or before April 10, 2013,
subject to acceptance to pricing by the TSX Venture Exchange, not March 15, 2013
as previously announced (refer to Press Release dated March 1, 2013). 


A further press release will be disseminated at that time. 

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 subsequent tranches
of the proposed private placement and to continue the Company's exploration and
development plans; general economic, market or business conditions; 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Altima Resources Ltd.
Joe DeVries
Director
(604) 336-8610
(604) 718-2808 (FAX)
www.altimaresources.com

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