Altai Announces Shareholder Approval of Special Resolution

Group 1 - Altai Resources Inc. announced that shareholders approved a special resolution for a reduction of the stated capital account of the common shares by up to a maximum cumulative total amount of $4,000,000 [1] - Approximately 96.4% of the votes cast at the special meeting were in favor of the Stated Capital Reduction Resolution [1] - The purpose of the capital reduction is to distribute the approved amount to holders of common shares through one or more special cash distributions [1] Group 2 - Altai Resources Inc. is based in Toronto, Ontario, and has an oil property in Alberta along with a Canadian investment portfolio consisting of cash and cash equivalents [2]