Altamira Gold Corp. announced the commencement of diamond drilling at the Crepori project in southern Para state, Brazil. Drilling has commenced at the Crepori project in southern Para state. Historic placer gold workings at Crepori are extensive and cover an area of several square kilometres making it one of the largest placer gold camps in the northern Brazil. Estimated historic gold production from the placer workings is in excess of 0.5 Moz. The project has never been previously drilled. Reconnaissance work by Altamira has identified outcropping high grade vein mineralization in at least six different areas at Crepori including Ze Milton, Raimundo, Ze do Bode, Fil[[101]]o do Boiadeiro, Fil[[101]]o do Parente and Fil[[101]]o do Ouro which will all be tested as part of this first phase drill program and is expected to comprise 6-7 holes totaling a maximum of 1,000 m. Earlier work by Altamira returned gold values from surface samples ranging up to 1,023 g/t gold and results are currently pending on a number of additional surface samples which will be used to further refine drill targets.

The Company also announced that Mike Bennett has assumed the position of President and CEO of the Company replacing Alan Carter, who will move to the position of Chairman of the Company and will remain a director. Mike Bennett is both a geologist and a Board member of Altamira. He is also Altamiras largest shareholder, as well as a founder of Alta Floresta Gold Ltd. Mike was most recently General Manager for Meridian Mining Ltd., and brings over 30 years mining experience (including 12 years in Brazil) to the role of President and CEO. He is directly responsible for the discovery of the Puquio Norte gold deposit in Bolivia (now mined out), the Coringa gold deposit in Brazil (currently being developed by Anfield Gold) and the Cajueiro deposit, which is Altamiras key asset.