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Altitude Resources Inc. Update: Acquisition of Additional Altitude North Lease Applications and Initiation of Application for 2017 Drill Permit for Palisades Project

CALGARY, AB–(Marketwired – May 23, 2017) – Altitude Resources Inc. (TSX VENTURE: ALI) has acquired two new Alberta Crown coal lease applications adjoining its Altitude North property in west central Alberta. The additional applications cover an area of 4,144 hectares (see map). The Altitude North property is approximately 60 km north-west of the ALI’s Palisades Coal Project and is immediately adjacent to the Grande Cache Coal Mine property. The Altitude North Project is in close proximity to CN rail, providing access to both Vancouver and Prince Rupert ports. The addition of the new lease applications increases the company’s land position at its Altitude North Project to approximately 14,080 hectares. Altitude is planning a 2017 field program to identify coal structure, coal quality and future drill targets.