Mr. Terry Salman reports

ALTINA CAPITAL CORP. ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENT WITH AEONIAN RESOURCES LTD. FOR PROPOSED QUALIFYING TRANSACTION

Further to its news release dated Feb. 16, 2024, Altina Capital Corp. has entered into a definitive amalgamation agreement dated March 27, 2024, with Aeonian Resources Ltd. for the acquisition of all the issued and outstanding shares of Aeonian by Altina. The transaction, if completed, will constitute Altina's qualifying transaction under Policy 2.4 of the TSX Venture Exchange. For more information regarding the transaction and Aeonian, please see Altina's comprehensive news release disseminated Feb. 16, 2024.

Subject to approval by the TSX-V and pursuant to the terms of the amalgamation agreement, the transaction will be completed by way of a three-cornered amalgamation pursuant to the provisions of the Business Corporations Act (British Columbia). Pursuant to the terms of the amalgamation agreement, among other things, a wholly owned subsidiary of Altina and Aeonian will amalgamate and all securities of Aeonian will be exchanged for equivalent securities of Altina on a one-for-one basis.

In connection with the transaction and as a condition to its closing, Altina intends to complete a private placement of units for minimum gross proceeds of $1-million at a price of 10 cents per unit. Each unit will comprise one Altina common share and one Altina common share purchase warrant, with each warrant exercisable to acquire one additional share at an exercise price of 15 cents per warrant share for a period of two years from the date of issuance.

Terry Salman, director of Altina, stated: "I am pleased to announce a definitive agreement with Aeonian Resources. The combination of a large mineral property, combined with a highly skilled geological and capital markets team, bodes well for the future as we grow this company."

Andy Randell, chief executive officer of Aeonian, stated: "This is an exciting point for myself and the team in what has been a very calculated four-year journey to get Aeonian where we are today. I would like to thank all of our shareholders and advisers for helping us get to the point and look forward to working with the newly expanded board of directors as we take these next steps. We will continue to adapt and learn in our rapidly evolving industry while delivering results and progressive methods for our share[holders] and stakeholders."

About Altina Capital Corp.

Altina is a capital pool company within the meaning of TSX-V Policy 2.4, has not commenced commercial operations and has no assets other than cash.

About the resulting issuer

Following completion of the transaction, Altina, as the resulting issuer, will be listed on the TSX-V as a Tier 2 mining issuer and carry on the business of Aeonian. The resulting issuer's principal mineral property will be the Koocanusa copper property, a copper-silver exploration project located approximately 30 kilometres southeast of Cranbrook, B.C. The property comprises 38 contiguous claims covering 28,743.82 hectares in which Aeonian has a 100-per-cent interest. Aeonian has a recent National Instrument 43-101 technical report on the Koocanusa copper project, completed in August, 2023, by an independent qualified person, which identified 11 copper targets within the project area.

Additional information

Trading in the common shares of Altina has been halted and will remain halted pending the satisfaction of all applicable requirements of Policy 2.4 of the TSX-V.

Further updates in respect of the transaction and the concurrent financing will be provided in subsequent press releases and the filing statement to be filed by Altina in connection with the transaction, which will be available in due course under Altina's SEDAR+ profile.

The TSX-V requires sponsorship of a qualifying transaction of a capital pool company, unless exempt in accordance with the TSX-V policies. Altina is seeking exemption from the sponsorship requirements; however, there can be no assurance that Altina will ultimately obtain this exemption.

We seek Safe Harbor.