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Last updated on April 24, 2014 at 6:16 EDT

Update on Test-Processing Bulk Sample from Atlanta Gold Project

August 1, 2012

TORONTO, Aug. 1, 2012 /CNW/ – (TSXV: ATG; OTCQX: ATLDF) (the “Company”) is pleased to announce that Knife River Corporation
(“KRC”) has completed transporting and crushing 107 of the 145 tons of
bulk sample material from the Atlanta Shear Zone at the Company’s
Atlanta gold project in Idaho.  The crushed sample was then delivered
to KRC’s pad for processing.

The original 145-ton bulk sample was excavated from four existing
surface trenches.  The trenches are approximately 150 feet (45.7
meters) apart and are open cuts across the Main Shear Zone east of the
Monarch Shaft above the 6800-foot elevation.

“This 107-ton bulk sample has been crushed to minus 1/8-inch material,
which is representative of mine feed. This next stage of test
processing, the bench scale test run, will assist the Company in
determining whether this beneficiation method for the resources is an
option for on-site processing. There is also significant exploration
potential to increase the Atlanta project’s gold inventory both along
strike, at depth and within other mineralized structures,” said Wm.
Ernest Simmons, President and CEO of the Company.

The proposed system of metallurgical recovery from the test processing
plant has been successfully applied and achieved high gold recovery
rates at a similar deposit within a 50-mile (80-kilometer) radius of
the Atlanta property. The pilot scale model will be used to test the
recovery of precious metals from the bulk sample and the Company
expects to reduce the 107 tons of feed material to less than 1,000
pounds of gold and silver concentrate. No chemicals will be added
because the gravity processing system only uses water.

Provided there are no delays during final processing of the bulk sample,
assay results will be reported by news release in August 2012.

About the Company
Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold
Corporation, leases, options or ownership interests in its Atlanta
properties which comprise approximately 2,159 acres (8.74 square
kilometers) located 90 air kilometers east of Boise, in Elmore County,
Idaho. A long history of mining makes Atlanta very suitable for
development of new mining projects. The Company is focused on advancing
its core asset, Atlanta, towards mine development and production.

Forward-Looking Information
This news release contains forward-looking information and
forward-looking statements (collectively “forward-looking statements”)
within the meaning of applicable securities laws. All statements, other
than statements of historical fact, are forward-looking statements. We
use words such as “may”, “intend”, “will”, “should”, “anticipate”,
“plan”, “expect”, “believe”, “estimate” and similar terminology to
identify forward-looking statements, including with respect to the
commencement of test processing, the time to receive the results
therefrom. Such are based upon assumptions, estimates, opinions and
analysis made by management in light of its experience, current
conditions and its expectations of future developments as well as other
factors which it believes to be reasonable and relevant. These
assumptions include those concerning the successful and timely
completion of additional financings by the Company, the ability to
achieve capital and operating cost estimates, and general business and
economic conditions. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause our
actual results to differ materially from those expressed or implied in
the forward-looking statements and accordingly, readers should not
place undue reliance on those statements. Risks and uncertainties that
may cause actual results to vary include, but are not limited to, the
Company’s limited financial resources and its ability to raise
sufficient funds on a timely basis to fund the capital and operating
expenses necessary to achieve its business objectives and continue as a
going concern; operational and technical difficulties; risks and
hazards associated with the business of mineral exploration,
development and mining, including environmental, health and safety
hazards, changes in laws or regulations and the risk of obtaining
necessary consents, licenses and permits; changes in general economic
conditions and in the financial markets; as well as other risks and
uncertainties which are more fully described in the Company’s annual
and quarterly Management’s Discussion and Analysis and in other Company
filings with securities and regulatory authorities which are available
at www.sedar.com. Should one or more risks and uncertainties
materialize or should any assumptions prove incorrect, then actual
results could vary materially from those expressed or implied in the
forward-looking statements and accordingly, readers should not place
undue reliance on those statements. Readers are cautioned that the
foregoing lists of risks, uncertainties, assumptions and other factors
are not exhaustive.  The forward-looking statements contained in this
news release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements contained herein or in any other documents filed with
securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with
applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

SOURCE Atlanta Gold Inc.


Source: PR Newswire