Vancouver, British Columbia – Deember 2, 2024 – Altima Resources Ltd. (TSXV:ARH • OTC Pink: ARSLF • AKC1.BE) (the “Company” or “Altima”) is pleased to announce that the Company will change its name from Altima Resources Ltd. to “Altima Energy Inc.” as permitted by the relevant regulatory authorities and approved by the directors. The name change is to be effective December 6, 2024.

On or around December 6, 2024, at market open, the common shares of the Company will trade under the new name “Altima Energy Inc.” The Common Shares will continue to trade under the existing trading symbol “ARH” on the TSX Venture Exchange. The CUSIP and ISIN numbers will change to 02157V108 and CA02157V1085 respectively.

No action is required to be taken by shareholders with respect to the name change. Outstanding share certificates are not affected by the name change and do not need to be exchanged.

About Altima Energy Inc.

Altima Energy Inc. is an oil and gas exploration and production company focused on the acquisition and development of hydrocarbon assets in North America. Headquartered in Vancouver, British Columbia, Altima is dedicated to utilizing innovative technology and industry best practices to maximize asset value and drive sustainable growth and drive value for its shareholders.

On behalf of the Board of Directors
Richard Barnett
Director & Chief Financial Officer
Tel: +1-604-336-8610

Cautionary Note Regarding Forward Looking Information

Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the closing of the Acquisition on the terms hereof or at all and the timing thereof; the expected benefits of the Acquisitions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company’s most recent management’s discussion and analysis under the heading “Risk and Uncertainties”, a copy of which is filed on SEDAR Plus, at www.SEDARplus.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.