Altius Minerals Corporation Reports First Quarter Net Loss of $261,000

Altius Minerals Corporation (TSX:ALS) reported a net loss of $261,000 or $0.01 per share for the three months ended July 31, 2010 compared to a net loss of $597,000 or $0.02 per share for the three months ended July 31, 2009.

The press releaseis quoted as saying:

Altius is focused on the mining and resources sector through prospect generation and the creation and acquisition of royalties and investments. The Corporation has a strong financial position with approximately $200 million in cash and investments and no debt.

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