Altus Explorations Inc. Announces Appointment of New Directors.

Business Editors

OLIVE BRANCH, Miss.--(BUSINESS WIRE)--Jan. 13, 2004

Altus Explorations Inc. (the "Company") (OTCBB:ATUX.OB) is pleased to announce that on November 22, 2003, our Board of Directors' appointed Messrs. Bassam Nastat and Don Sytsma as directors of our company. In addition, Mr. Sytsma was also appointed as our Chief Financial Officer and Treasurer.

Since 2000, Mr. Nastat has been the vice-president of project development and finance of CodeAmerica Investments, LLC., Olive Branch. Mr. Nastat works with CodeAmerica Investments to liaise with their investor base and develops financing strategies to take advantage of exploration opportunities in Texas, Wyoming and Alaska. Mr. Nastat also prepares and presents proposals to industry partners and private investor for development of oil and gas properties.

From 1997 to 2000, Mr. Nastat was a financial consultant in the Private Client Group of Merril Lynch, Toronto, Ontario. From 1996 to 1997, Mr. Nastat worked in the International Settlements Department of Midland Walwyn (currently, Merril Lynch) in Toronto, Ontario. Mr. Nastat was responsible for reconciliation of the Midland Walwyn's US and European transactions that were cleared through the firm's International Settlement Department.

From 1995 to 2003, Mr. Sytsma has provided business and financial consulting services to domestic and international energy clients. In this capacity Mr. Sytsma has held the several positions with companies in the natural gas industry, namely, as president of DLS Energy Associates, LLC; vice-president of R.J. Rudden Associates, Inc.; principal of H&H Energy Consultants and as a director of Harrington & Hrehor Energy Consulting Group.

Our Board of Directors now consists of Messrs. Milton Cox, Andrew Stewart, Michael Twyman, Bassam Nastat and Don Sytsma.