Atna Announces Results of AGM
Golden, CO -- Atna Resources Ltd. ("Atna")
-- (TSX:ATN OTC:BB) is pleased to announce that shareholders approved the
election of Management's entire slate of directors at the Atna Annual General Meeting held on May 6, 2011.
"The Directors will redouble their efforts over the next year to increase
shareholder value in the Company", stated David Watkins, Chairman of
the Board.
"Management and the Board would like to thank Atna's
shareholders for their continued support and approval," states James
Hesketh, President & CEO. "We will
continue to work hard to add value for our shareholders. Excellent
results from our drilling programs at the Briggs Mine in California will
likely increase our minable reserves and mine life. In addition, at
Briggs we are doubling our leach pad capacity and our irrigation and
carbon absorption capacities. These projects will accelerate gold
recovery from existing gold inventory in our leach pads and from new gold
ores mined. With the completion of these projects in the second quarter,
we do not anticipate that any significant capital expenditures will be
required at Briggs under the current mine plan. This will allow us to
utilize future cash flow from operations to unlock value from our other
mine development projects, including Reward, Pinson and Columbia. At the same
time, we are pursuing our ongoing program to monetize,
joint venture or option our non-core property positions. We believe that
this strategy will create a strong future for Atna
and its shareholders."
For additional information on Atna Resources,
please visit our website at www.atna.com.
This press release contains certain
"forward-looking statements," as defined in the United States
Private Securities Litigation Reform Act of 1995, and within the meaning
of Canadian securities legislation relating to potential resource or
reserve expansion, future production, costs, and cash flow at the Briggs
Mine. Forward-looking statements are statements that are not historical
fact. They are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made and they involve
a number of risks and uncertainties. Consequently, there can be no
assurances that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated
in such statements. The Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change, unless required by law.
Factors that could cause future results to differ materially from those
anticipated in these forward-looking statements include: gold production
and operating costs at the Briggs Mine, the Company might encounter
problems such as the significant depreciation of metals prices; accidents
and other risks associated with mining exploration and production
operations; the risk that the Company will encounter unanticipated
geological factors; the Company's need for and ability to obtain
additional financing; the possibility that the Company may not be able to
secure permitting and other governmental clearances necessary to carry
out the Company's exploration and development programs; and the other
risk factors discussed in greater detail in the Company's various filings
on SEDAR (www.sedar.com) with Canadian securities regulators and its
filings with the U.S. Securities and Exchange Commission, including the
Company's 2010 Form 20-F dated March 23, 2011.
FOR FURTHER INFORMATION, CONTACT:
James Hesketh, President and CEO - (303)
278-8464
Valerie Kimball, Investor Relations - toll free (877) 692-8182
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