TSX Venture Exchange Approves Tanzanian Property Acquisition
February 21, 2008 - Vancouver, B.C.: Atomic Minerals Ltd. (ATL: TSX-V) is pleased to announce that it has received the approval of the TSX Venture Exchange (the "Exchange") to the acquisition of the Tanzanian land package described in our news release dated January 28, 2008. In addition to the terms of the letter of intent between Atomic and Geo Can Resources Company Ltd. ("Geo Can"), the Exchange has also approved both a Technical Report pursuant to National Instrument 43-101 which was prepared on a portion of the Tanzanian package (filed on SEDAR on January 30, 2008) and a title opinion covering the entire land package which was prepared by Atomic's lawyers in Tanzania.
Atomic and Geo Can are currently finalizing the terms of a definitive option agreement governing the acquisition and exploration of the Tanzanian land package.
About Atomic Minerals
Tanzania
Atomic has a letter of
intent with Geo Can Resources Company Ltd. ("Geo Can") to enter into an option agreement to earn the right to acquire up to a 100% interest in a land package totalling approximately 3800 square kilometres located in the United Republic of Tanzania (the "Property"). The Property is located in south-western Tanzania and is considered to be part of the "Malawi Extension" based on the location of the Property relative to blocks earmarked as potentially favourable for uranium enrichment. The Malawi Extension, located in the Republic of Malawi on south-west border of Tanzania, hosts the Kayelekera deposit which Paladin Resources is currently developing into a mine. Other mining companies exploring in the area include Mantra Resources and Western Metals (both in Tanzania).
Colorado
Atomic Minerals Ltd. also holds leases over a total of 932 mining claims located in both Dolores and San Miguel counties in southwestern Colorado, approximately 30 m
iles from Denison Mine Corp's White Mesa Mill. The Company also holds a letter of intent to option a 90% interest in a further 1585 mining claims in Dolores County. Atomic holds leases over an additional 272 mining claims located in the northern part of Colorado in Grand County.
"Warren McIntyre"
Warren McIntyre
President and Chief Executive Officer
Atomic Minerals Ltd.
Renmark Financial Communications Inc.
Jason Roy : jroy@renmarkfinancial.com
Victoria Stepanova : vstepanova@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
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