Atlanta Gold Corporation announces results from shareholder meeting.

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 21, 1996-- Atlanta Gold Corporation is pleased to announce that on November 14, 1996, its shareholders approved the issuance of 2,000,000 share purchase warrants and up to 2,000,000 Common shares in connection with the company's Indonesian joint venture with Voisey Bay Resources Inc. and indotan Inc. The shareholders also approved the private placement of 4,495,400 Common shares to Hartford Securities Ltd. at $0.35 per share and authorized the Company to exceed The Toronto Stock Exchange's "25% rule" relating to private placements.

The Indonesian joint venture and private placement to Hartford Securities Ltd. were announced in a joint press release of the Company and Voisey Bay Resources Inc. on August 23, 1996.

The private placement closes on November 25, 1996.

Indonesian Exploration Program Update

Atlanta Gold Corporation and Voisey Bay Resources Inc. will commence a work program immediately on the 4,016 ha. Hapsari Indah Kutai Property in east Kalimantan and on the 15,130 ha. Saran property in West Kalimantan.

At Hapsari Indah Kutai, work to date has focused on the exploration of a 10 kilometer northeast trending zone of alteration and mineralization marginal to a porphyritic intrusive body. Previous sampling of exposed quartz veining and stockworks along this zone has returned values to 7.0 g/t gold and up to 0.8% copper, 1.0% zinc, and 0.7% lead. This zone has previously been the site of extensive alluvial mining for gold, Exploration is focusing on detailed geological investigations to outline early drill targets.

Exploration targets on the Saran Property in West Kalimantan are being identified by recently acquired radar imagery. Dominant WNW structures from the adjacent Ringas Prospect are clearly visible on the radar imagery and extend on to the Saran Property. Preliminary drilling on the Ringas Property by PT Eastara Melawi Minerals has shown up to 40.35 meters at 4.05 g/t gold. Mineralization is found in hydrothermal breccias, (thought to be similar to Kellen or Busang in size and nature) within a Sintang intrusive formation. Initial work will focus on identifying additional drill targets along this zone.

The other five properties in Kalimantan are all situated within the Central Kalimantan Arc. Three of these properties occur close to the Kelian Mine operated by CRA Australia which has an annual production of 400,000 ounces of gold. Preliminary studies suggest the same structure and geology as at Kelian extends onto these properties. A combined airborne magnetic and radiometric survey is being considered to further delineate drill targets. In the companies North Mahakam Block covering 35,500 ha., an examination of newly acquired data has highlighted a number of significant gold anomalies. The area is located on the Central Kalimantan Arc and has a number of prominent NE and NW faults crossing the property. Interpretation of satellite imagery has outlined a number of Tertiary volcanic intrusives associated with a caldera structure. Gold is being mined in the area by local workers suggesting a hard rock source. The principal exploration targets are epithermal and primary hydrothermal gold.

Field crews are being prepared to move on to the properties and as information becomes available we will keep our shareholders updated. -0-

The Toronto Stock Exchange has neither approved nor disapproved of the contents of this press release.

CONTACT: Atlanta Gold Corporation

Karl Rollke, 604/669-0016, fax: [phone]