Altius Minerals Corporation Reports Annual Net Loss of $22,565,000

Altius Minerals Corporation ("Altius" or the "Corporation") (TSX:ALS) reports
attributable revenue(1) of $6,236,000 and net loss attributable to common
shareholders of $22,565,000 or ($0.81) per share for the year ended April 30,
2014 compared to attributable revenue(1) of $5,865,000 and a net loss of
$13,339,000 for the same period last year. The current year results were
affected by various investment losses and adjustments to carrying value totaling
$16,358,000, primarily related to the Corporation's carrying value of its
founding shareholding in Alderon Iron Ore Corp., certain corporate development
expenses of $3,616,000 related to the Prairies Royalties acquisition and higher
share based compensation as a result of Altius' increased share price during the
year.


On April 28, 2014, Altius reached an important milestone by closing the Prairies
Royalties acquisition, which comprised royalty interests in eleven producing
mines of electrical coal, potash, and metallurgical coal, all located within
Canada. The acquisition has increased the Corporation's anticipated per annum
royalty revenue by more than tenfold while substantially diversifying its asset
base by commodity, geography and asset. Altius now has royalty revenue from six
commodities with more than 50% of that revenue from low risk, inflation adjusted
electrical coal royalties and no single asset that contributes more than 22% of
expected revenue. Altius expects to begin to realize substantial cash flow from
the royalty income it will receive from the royalty portfolio in the current
fiscal year. 

A summary of the financial results is included in the following table.



                   Three months ended April 30,       Year ended April 30, 
                             2014          2013         2014          2013 
                                $             $            $             $ 
                                                                           
Royalty revenue                                                            
  Voisey's Bay            664,000       891,000    2,773,000     3,136,000 
  Coal (1)                114,000             -      114,000             - 
  Potash (1)               44,000             -       44,000             - 
Interest and                                                               
 investment               404,000       679,000    1,780,000     2,500,000 
Other                       9,000        14,000    1,525,000       229,000 
-------------------------------------------------------------------------- 
Attributable                                                               
 revenue                1,235,000     1,584,000    6,236,000     5,865,000 
-------------------------------------------------------------------------- 
                                                                           
Net loss                                                                   
 attributable to                                                           
 common                                                                    
 shareholders         (23,898,000)   (3,970,000) (22,565,000)  (13,882,000)
Net loss per share                                                         
 - basic and                                                               
 diluted                    (0.73)        (0.14)       (0.81)        (0.47)
Net cash flow from                                                         
 operations             3,396,000      (118,000)     753,000     3,751,000 
                                                                           
(1) See non-IFRS measures for reconciliation of attributable revenue       
(2) Coal and Potash royalties were acquired on April 28, 2014 and include  
 three days of revenue                                                     



Additional information on the Corporation's results of operations is included in
the Corporation's Annual Information Form, MD&A, and Financial Statements, which
were filed on SEDAR today and are also available on the Corporation's website at
www.altiusminerals.com.


Non-IFRS Measures

Attributable royalty is intended to provide additional information only and do
not have any standardized meaning prescribed under IFRS and should not be
considered in isolation or as a substitute for measures of performance prepared
in accordance with IFRS. Other companies may calculate these measures
differently. For a reconciliation of these measures to various IFRS measures,
please see below. 




1.  Attributable revenue is defined by the Corporation as total revenue from
    the consolidated financial statements and the Corporation's
    proportionate share of gross revenue in the joint ventures. The
    Corporation's key decision makers use attributable royalty revenue and
    related attributable royalty expenses as a basis to evaluate the
    business performance. The attributable royalty revenue amounts, together
    with as amortization of royalty interests, general and administrative
    costs and mining tax, are not reported gross in the consolidated
    statement of earnings (loss) since the royalty revenues are being
    generated in a joint venture and IFRS 11 Joint Arrangements requires net
    reporting as an equity pick up. The reconciliation to IFRS reports the
    elimination of the attributable revenues and reconciles to the revenues
    recognized in the consolidated statements of earnings (loss). 



Reconciliations to IFRS measures

Attributable revenue



                      3 months ended April 30,        Year ended April 30,
                            2014          2013         2014          2013 
                               $             $            $             $ 
                                                                          
Royalty revenue                                                           
 Voisey's Bay            664,000       891,000    2,773,000     3,136,000 
 Coal (1)                114,000             -      114,000             - 
 Potash (1)               44,000             -       44,000             - 
Interest and                                                              
 investment              404,000       679,000    1,780,000     2,500,000 
Other                      9,000        14,000    1,525,000       229,000 
------------------------------------------------------------------------- 
Attributable                                                              
 revenue               1,235,000     1,584,000    6,236,000     5,865,000 
------------------------------------------------------------------------- 
Adjust: joint                                                             
 venture revenue        (822,000)     (891,000)  (2,931,000)   (3,136,000)
------------------------------------------------------------------------- 
IFRS financial                                                            
 statement revenue       413,000       693,000    3,305,000     2,729,000 
------------------------------------------------------------------------- 
------------------------------------------------------------------------- 
                                                                          
(1) Coal and Potash royalties were acquired on April 28, 2014 and include 
 three days of revenue                                                    



About Altius

Altius is diversified minerals royalty company with royalty interests in 12
producing mines located in Canada. The royalty interests include mining
operations that produce thermal (electrical) and metallurgical coal, potash,
nickel, copper and cobalt.


Altius holds other significant pre-development stage royalty interests that
include a 3% gross sales royalty on the development stage Kami iron ore project
of Alderon Iron Ore Corp. ("Alderon"), a 2% gross sales royalty for the advanced
exploration stage Central Mineral Belt uranium project of Paladin Energy
Limited, and several other resource stage project royalties. Its project
generation pipeline contains a diversified portfolio of exploration stage
projects and royalties, many of which are being advanced through various
partner-funding arrangements. 


Altius has also built a portfolio of directly and indirectly held junior
resource investments, including a approx. 25% shareholding in Alderon (TSX:ADV),
an approx. 8% shareholding in Virginia Mines Inc. (VGQ:TSX), and a approx. 5.9%
shareholding in Callinan Royalties Corporation (TSX VENTURE:CAA).


Altius has 32,238,821 shares issued and outstanding that are listed on Canada's
Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX
Global Mining Indices. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Altius Minerals Corporation
Ben Lewis
Toll Free: 1-877-576-2209


Altius Minerals Corporation
Chad Wells
Toll Free: 1-877-576-2209
709-576-3441 (FAX)
[e-mail]
www.altiusminerals.com