PALISADES COAL PROJECT

A NEW LOW VOLATILE COKING COAL DEVELOPMENT

LOCATION MAP

AltitudeResources

RAIL & PORT INFRASTRUCTURE

British Columbia

AlbertaCN Rail

CN Rail

Altitude

WestshoreTerminals

RidleyTerminals

LOCATION AND ACCESS ( 4,648 Ha )

PROXIMITY TO INFRASTRUCTURE

12 km rail connection

CN Mainline Interchange

CN MAINLINE INTERCONNECTION AT BRULE, ALBERTA

PREVIOUS EXPLORATION

Denison Mines Limited 1982/8323 Diamond Drill Holes, 2,963 m coring

COAL SEAM GEOLOGY

COAL RESOURCES (INFERRED)

133.5 MILLION TONNES IN PLACE TO 500M DEPTH

PALISADES COAL QUALITY

Seam Hole No.

SampleNo.

Yield%

Res.Moist

Ash%

Vol.%

FC%

Sul.%

FSI

Moosehorn WH 020 WH-1 Raw 1.02 41.22 14.77 42.99 0.63 1.0

Clean 35.88% 1.13 16.28 18.49 64.10 0.69 7.5

WH 019 WH-4 Raw 1.25 31.46 13.93 53.36 0.26 1.0

Clean 43.30% 1.29 17.73 15.81 65.17 0.35 8.0

Hoff WH 019 WH-2 Raw 0.86 28.69 17.19 53.26 0.48 7.0

Clean 62.65% 1.01 8.43 20.38 70.18 0.63 9.0

Solomon WH 019 WH-3 Raw 0.87 13.35 18.60 67.18 0.47 6.6

Clean 85.09% 0.94 4.62 19.60 74.84 0.50 8

WH 020 WH-5 Raw 0.94 33.98 14.88 50.20 1.04 3.0

Clean 47.01% 2.05 8.80 18.59 70.56 0.62 7

WH 023 WH-6 Raw 0.83 28.54 15.50 55.13 0.51 4.5

Clean 70.02% 1.12 5.44 18.68 74.76 0.53 8

PALISADES COAL QUALITY

Denison Mines Ltd 1982/84 1.50SG Clean CoalProximate Analysis Min Max AvgAsh% dry 4.62 8.80 6.82Volatile Matter % dry 18.68 20.38 19.31

Sulphur % dry 0.50 0.63 0.57Phos in coal% 0.005 0.085 0.026

Petrographic Analysis

Vitrinite 47.9 68.2 60.7 1/2 Semifusinite 8.0 16.0 10.75

Total Reactives 71.45 1/2 Semifusinite 80 16 10.75

Micrinite 2.2 4.4 3.25 Fusinite 4.4 9.2 6.07 Mineral Matter 3.1 7.2 5.95

Total Inerts 26.08

Mean Reflectance 1`.47 1.54 1.51

Calculated Stability Index 43.4 59.3 52.7

THE PALISADES COAL PROJECT

PLANNED CANADIAN LISTING 2012

The shape of the Altitude company logo represents the star constellation Fornax - the “furnace” constellation and the obvious correlation with coking coal.