Altamira Gold Corp. provided an update on its ongoing exploration program at the Maria Bonita discovery which forms part of the Cajueiro gold project in the states of Mato Grosso and Para, northern Brazil. A recently completed deep motorised auger drilling program over the Maria Bonita discovery has
extended the footprint of gold mineralization in weathered bedrock to the north, east and west of the mineralized area defined by the initial diamond drilling program. This program follows excellent results from the initial nine diamond drill holes which include 69m @ 1g/t in MBA005, 50m @ 1.1 g/t gold in MBA004, 55m @ 1.0 g/t gold in MBA002, 50m @ 1.0 g/t gold in MBA001 and 45m @ 1.4 g/t gold in MBA003. Disseminated gold mineralization in the initial discovery holes is hosted within rhyolitic intrusive rocks. A total of 47 auger holes, comprising an aggregate 430m were completed. A total of 266 samples (or 62% of the sample population) contained greater than 0.5g/t gold. Thirty-nine auger holes (83% of the total holes drilled) ended in gold mineralization greater than 0.5g/t Au. The Maria Bonita target lies within the Cajueiro project, located approximately 75km north-west of the town of Alta Floresta in the state of Mato Grosso in central western Brazil. Maria Bonita is located 7km north-west of the Cajueiro resource, within Para state. It is easily accessible by both paved highway and local well-maintained unsurfaced roads. Cajueiro forms one of three key projects that Altamira controls in the region, the others being Apiacas and Santa Helena. The Cajueiro project has current NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000 oz in the Inferred Resource category.