An anonymous director reports

ALTURAS UPDATE ON CALLEJONES PROJECT AND US$100,000 CONVERTIBLE LOAN AGREEMENTS

Alturas Minerals Corp.'s 100-per-cent Peruvian subsidiary Alturas Minerals S.A. has agreed to terminate its option agreement with the Peruvian company Andes Generating Corporation SAC (Ancorp) on its Callejones mining concessions located in northern Peru and to renegotiate the agreement with Ancorp for a $100,000 (U.S.) convertible loan.

On Aug. 17, 2015, Ancorp notified Alturas that it will terminate its option agreement on the Callejones property, originally signed on May 16, 2014.

As part of this transaction, during September, 2015, Ancorp and Alturas signed an amended agreement where the terms of the original note, with a face value of $100,000 plus accrued interest of $15,000, will now expire on May 16, 2016.

The amended note carries an annual interest rate of 15 per cent and is deferrable, at the option of Alturas, until May 16, 2017.

Under the terms of the amended note, Ancorp is allowed to request at any time during the term of this agreement to convert the amended note and the accrued interest into shares of the company at a price of two cents until the loan reaches maturity. The conversion price is, however, restricted, as the original note was subject to a TSX Venture Exchange minimum price requirement of five cents.

We seek Safe Harbor.