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Atlanta Gold Royalty I, LLC Acquires One Half of One Percent Royalty Interest From Canadian American Mining Company, LLC

August 20, 2008

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Aug. 20, 2008) –

Mr. Thomas J. Menning of Canadian American Mining Company, LLC

Canadian American Mining Company, LLC is pleased to announce the sale of a one half of one percent (.50) Net Smelter Royalty (NSR) currently held in the Atlanta Gold property located in Atlanta, Idaho. The royalty interest was sold to Atlanta Gold Royalty I, LLC for the sum of $1,000,000 U.S. The property is operated by Atlanta Gold (T-ATG) and according to published reports by Atlanta Gold the property should be in commercial production by the first quarter of 2010 and should have initial production of between 40,000 to 50,000 ounces annually.

Atlanta Gold (T-ATG) is a publicly traded company trading on the Toronto Stock Exchange. Canadian American Mining Company, LLC is a limited liability company registered in the State of Nevada with mining related royalty holdings in both Nevada and Idaho. Atlanta Gold Royalty I, LLC is a limited liability company consisting of twenty members and is registered in the State of Nevada.

Upon the transfer of ownership, Canadian American Mining Company, LLC will retain a One and One Half percent NSR interest in the Atlanta Gold property.

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