ALT Alturas Minerals Corp

Alturas Minerals Corp ("the Company") (TSX VENTURE:ALT)(LMA:ALT) is pleased to
announce that it is continuing to maintain its interest in the La Corina
copper-gold porphyry property in northern Chile. 


Pursuant to the Final Option Agreement (as amended) with the owners of the
property (the "Owners"), the Company has made the required staged cash payment
of US$70,000 to the Owners. 


Pursuant to an assignment agreement with the two individuals who had a previous
right to acquire the La Corina project from the Owners (the "Original
Optionors"), the Company issued 836,066 common shares at the price of $0.1195
per share to the Original Optionors. The common shares are legended and
restricted from trading until August 11, 2012. 


For further details regarding the Final Option Agreement, please see the
Company's press release dated April 30, 2010 and subsequent press release on the
amendment dated March 2, 2011. 


About the La Corina Copper-Gold project 

La Corina copper-gold project, located 70 kilometers northeast of La Serena in
Region IV of northern Chile lies on the interpreted southerly extensions of the
porphyry belt of northern Chile, the world's most productive copper province. La
Corina represents an important development for the Company in Chile, one of
Latin America's premier mining jurisdictions.


In La Corina district, a Paleocene volcanic complex has been intruded by Eocene
intrusive rocks; strong hydrothermal alteration and mineralization are
associated with the intrusive phases. The presence of abundant
tourmaline-bearing breccias within the project is also encouraging, and is a
geological feature common to many large porphyry deposits such as El Teniente
and Los Bronces in Chile, and Toquepala and Cuajone in Peru. Targets at La
Corina consist of bulk tonnage, low grade, copper-gold porphyries concealed
beneath an extensive copper-gold in soils anomaly plus smaller tonnage, higher
grade, gold-copper breccia pipes.


Alturas completed a 1,400 meter drilling program in September 2010, which tested
high priority copper-gold targets defined by detailed geochemical and
geophysical surveys previously conducted by the Company.


Encouraging drilling results from the central segment of the east-west gold
trend of up to 47.8 meters grading 0.90 grams/tonne gold, including sections of
3.05 meters grading 2.33 grams/tonne and 4.0 meters grading 2.87 grams/tonne
gold, were reported by the Company in a press release dated October 13, 2010.


About Alturas Minerals Corp

Alturas is a Canadian corporation, and is the indirect parent of the Peruvian
company, Alturas Minerals S.A. ("Alturas Peru") and of the Chilean company,
Alturas Chile Limitada ("Alturas Chile"). Alturas Peru has been exploring
various mineral projects in Peru since January 2004. Alturas Chile initiated
exploration activities during the second quarter of fiscal 2010. Alturas'
exploration strategy is focused on the discovery of large copper-gold
porphyry/skarn deposits and epithermal gold mineralized deposits.


The principal assets of Alturas are six drill-ready mineral exploration projects
located in Peru and Chile, including the Chapi Chapi-Utupara, Sombrero, Huajoto,
Ccaccapaqui and Pampa Colorada projects in Peru, and La Corina property in
Chile. In addition, Alturas Peru has interests in three other less-advanced
exploration projects in Peru Callejones, San Antonio and La Divina.


For further information, please visit the Company's website at
www.alturasminerals.com. 


Should you wish to receive Company news via email, please email
investor@alturasminerals.com and specify "Alturas News" in the subject line.


Cautionary Language and Forward Looking Statements 

This press release may contain "forward-looking statements", which are subject
to various risks and uncertainties that could cause actual results and future
events to differ materially from those expressed or implied by such statements.
Investors are cautioned that such statements are not guarantees of future
performance and results. Risks and uncertainties about the Company's business
are more fully discussed in the Company's disclosure documents filed from time
to time with the Canadian securities authorities.

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