Atlas Mining Updates on Three Newfoundland Copper Properties; Colliers, Shaylee, and Angel's Cove Properties Are Focus of Further Sampling.

OSBURN, Idaho -- Atlas Mining Company (OTCBB: ALMI) and Newfoundland partner KAT Exploration Inc. are pleased to announce that a work program is about to begin on it's 100% owned Copper and Silver property known has the "Colliers" property, consisting of 500 hectares. Recent sampling returned assay results with values of 11.7% copper and 63.7 g/t of silver. The field crew will first carry out several days of prospecting and soil sampling along a major fault believed to be responsible for copper/silver bearing fluids that created the Collier's deposit. Although this deposit has never been drilled, plans are that general prospecting, line cutting, mapping, ground geophysics, trenching and followed by possible diamond drilling, first explore the property.

Recent work on the 18 claim (450 hectares) copper property known has the "Shaylee" property have uncovered some very impressive native copper along with globs of massive chalcocite in quartz veins hosted by sericite schist derived from felsic volcanic & epiclastic sediment protholiths. A 60 meter thick pyritic unit hosted by grey sedimentary rocks over-laying by felsic volcanics was recently discovered on the Shaylee property and the company is now waiting for the return of assay results from the lab. "This was a surprising discovery as these sediments had not been found before in this area" said KAT exploration president Ken Stead. These samples are being assayed particularly for gold. Earlier results have produced copper values as high as 1.18% Cu, although the native copper samples have not been assayed as these would no doubt distort representative values.

The 650 hectare "Angel's Cove" copper property, although fairly new, has also generated some excitement with in the company. This property consists of a very large sedimentary package of rocks over-lying a swarm of mafic dykes with recent assay results of 6000 ppm copper up to 1.64% copper. "Sediment-host stratiform copper deposits are well sought after because they can become world class deposits in the right environment and we certainly have the right environment," states KAT Exploration Inc. president Ken Stead.

William Jacobson, Atlas Mining Company President and CEO, stated, "As we reported in previous releases we continue to move forward with our joint venture with Kat Exploration Inc., and we are pleased with the experience and professionalism of Kat Exploration. We look forward to proving out these unique properties and feel strongly that these properties will add value to our shareholders. We will continue to keep our shareholders updated as more evaluation work is performed on these and other properties."

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, 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 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.

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