TORONTO, Aug. 30, 2018 (GLOBE NEWSWIRE) -- Altai Resources Inc. (ATI, TSX VENTURE; US SEC Rule 12g3-2(b) File # 82-2950) (the “Company”) is pleased to announce that at its annual general meeting of the shareholders held on August 30, 2018 in Toronto (the “Meeting”), Dr. Niyazi Kacira, Dr. Mehmet F. Taner, Mr. Jeffrey S. Ackert, Mr. Raymond Savoie and Ms. Maria Au were elected as Directors of the Company.

The Company expresses its deepest gratitude to Dr. Didier Pomerleau for his long term service and contribution as a director to the Company and wishes him all the successes in his future endeavors.

In the Meeting, I&A Professional Corporation, Chartered Professional Accountants was appointed as Auditors of the Company.

On August 30, 2018, the Company has granted to 5 directors and one officer a total of 1,200,000 options to purchase common shares of the Company at an exercise price of $0.10 per share and expiring August 29, 2023. The grants are to replace options that have been exercised or expired without being exercised.  

ABOUT ALTAI Altai Resources Inc. is a resource company with a producing oil property in Alberta and exploration gold and gas properties in Quebec.

For further information, please contact Maria Au, Secretary-Treasurer

Tel: (416) 383-1328   Fax: (416) 383-1686 Email: info@altairesources.com   Internet: http://www.altairesources.com

Neither 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.