TORONTO, ONTARIO — (Marketwired) — 08/20/13 — Altai Resources Inc. (TSX VENTURE: ATI) (US SEC Rule 12g3-2(b) File # 82-2950) (“Altai” and the “Company”) acknowledges the announcement made on August 19, 2013 by Zara Resources Inc. (“Zara”) of its intention to make an unsolicited offer to purchase 100% of the issued share capital of Altai, Greencastle Resources Ltd. and Visible Gold Mines Inc.
As of the date of this news release, Altai has never had any discussion with Zara, and the Company has not received any communications with any details regarding the intended Zara offer.
The Company recommends that Altai shareholders defer taking any action in respect of the possible Zara offer until shareholders have received further communication from the Board of Directors of the Company. The Altai Board will issue a directors– circular concerning any formal offer. The directors– circular will contain important information including the determination of the Altai Board with respect to a recommendation to Altai shareholders.
ALTAI RESOURCES INC. IS A RESOURCE COMPANY WITH OIL AND GAS AND GOLD PROPERTIES IN CANADA.
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.
Contacts:
Altai Resources Inc.
Maria Au
Secretary-Treasurer
(416) 383-1328
(416) 383-1686 (FAX)