Atlas Mining Company Continues Contracting Efforts.

OSBURN, Idaho -- Atlas Mining Company (OTCBB:ALMI), announced today that it has recently acquired additional work through its contracting entity, Atlas Fausett Contracting.

In North Idaho, as Atlas Fausett Contracting (AFC) is wrapping up its contract work at the Sunshine Mine, the company has started a rehab project and exploration drilling project next door at the Crescent Mine. The contract includes the opening of the main adit, into the mine and over 100,000 feet of surface and underground exploration drilling. In Montana, AFC has recently expanded its scope of work at the Stillwater East Boulder Project to include stope mining, development drifts and stope preparation. Both projects should continue through 2007. According to Ron Short, operations manager, the new work will bring an additional $3,500,000 revenue into the company over the next 10 to 12 months. As of April 30, 2007, year to date contracting revenue amounted to approximately $2,856,896. AFC is continuing to look for additional projects that will fit well with its expertise and equipment.

About Atlas Mining Company: Atlas Mining Company is a diversified natural resource company with focus on the development of the Dragon Mine in Juab County, Utah, the only known commercial source of halloysite clay outside of New Zealand. The unique purity and quality of the Dragon Mine halloysite is unmatched anywhere in the world and has spawned considerable research in the nanotechnology fields and has created exciting new applications for this product. Atlas also holds mining and timber interests in Northern Idaho, operates an underground mining contracting business, and holds interests in copper and gold properties in Newfoundland. Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI". More information about Atlas Mining Company can be found at http://www.atlasmining.com.

Safe Harbor Statement: Except for the historical statements made herein, the statements made in this release are forward-looking statements. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Safe Harbor Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. Atlas Mining Company undertakes no duty to update these forward-looking statements.