ST. JOHN'S, NEWFOUNDLAND AND LABRADOR (MARKET WIRE) Altius (TSX VENTURE:ALS) reports that Newfoundland and Labrador Refining Corporation, which it co-founded with investors from Ireland and the United Kingdom, is proceeding to Stage Two of its three stage feasibility study into the viability of a potential new oil refinery in Placentia Bay, Newfoundland and Labrador, Canada. Altius owns a 37.5% shareholding in NLRC and holds a gross refining margin based sliding scale royalty related to the potential project.