Altima Resources Ltd.: Delay in Filing Audited Annual Financial Statements Altima Resources Ltd. (TSXV: ARH) ("Altima" or the "Company") is providing an update with respect to the previously announced management cease trade order (the " MCTO") issued by the British Columbia Securities Commission on March 31, 2021. The MCTO was issued in connection with the delay by the Company in filing its annual financial statements, management's discussion and analysis and related officer certifications for the financial year ended November 30, 2020 (collectively, the " Required Filings") before the prescribed deadline of March 30, 2021. The Company requested and received an extension relating to the Required Filings due to delays incurred during the audit of the Company in connection to the business acquisition completed in the fiscal year then ended.