RAMBLER GOLD-COPPER PROPERTY

Altius holds 12 million shares or a 20.2% interest in Rambler, which is listed on the Alternative Investment Market of the London Stock Exchange ("AIM") (RMM), and on the TSX-V (RAB).  Rambler is focused on the historic Ming copper - gold mine, located near Baie Verte, Newfoundland and Labrador. The Company is currently in an advanced stage of drilling and underground exploration following the successful dewatering and rehabilitation of the historic Ming Mine workings in June 2008. 

The mine dewatering program was completed on budget and on time in June 2008. Advanced delineation drilling continues of the Lower Footwall Zone ("LFZ") via and underground drill while a second underground drill has been mobilized to target potential extensions of the multiple high grade massive sulphides and gold mineralization encountered throughout the year.

In June 2008, Rambler announced they had begun a pre-feasibility study. A recent scoping study by SRK Consulting in conjunction with SNC Lavalin and Thibault Associates confirmed that the resources that have been delineated at the Ming project over the last three years are of sufficient size and grade to further evaluate. The pre-feasibility study will be based around a conceptual mine-plan initially mining the massive sulphide ore at a lower production rate, ramping up to full production of up to 4,000 tonnes per day after several years.

Rambler has already initiated the base line environmental study that will be required to re-permit the Ming Mine a "brownfield site". Environmental permitting of the mine is expected during 2009, with the objective of recommissioning the mine in 2010.

The co-founding of Rambler is another example of Altius' strategy to convert certain project interests into shareholdings of companies that bring together technical expertise and financial depth to enhance value creation from the project.

For a comprehensive overview of the exploration results to date please visit Rambler's corporate website at www.ramblermines.com.