Atlas Mining Company Updates Shareholders.

OSBURN, Idaho -- Atlas Mining Company (OTCBB:ALMI) today released a shareholder update according to William T Jacobson, President and CEO. The message to the shareholders, which can be seen on the company web site, www.atlasmining.com, tells of the company activities of the past several months and its intentions with the proceeds of the recently completed stock sale. Jay Miller of "It's About Finance.com," from the Chicago Stock Exchange also recently interviewed Mr. Jacobson. The interview can be viewed on www.streetcast.com.

About Atlas Mining Company:

Atlas Mining Company is a diversified natural resource company with its primary focus on the development of the Dragon Mine in Juab County, Utah, leased from Chester Mining and 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 into new and exciting applications for this product. Atlas also holds mining and timber interests in Northern Idaho, and operates an underground mining contracting business. Atlas stock trades on the OTC Bulletin Board under the symbol "ALMI." More information about Atlas Mining Company can be found at 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 Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. Atlas Mining undertakes no duty to update these forward-looking statements.