Mr. Bill Baird reports

ATLANTA GOLD UPDATES DRILLING RESULTS FOR POTENTIAL BULK MINABLE WIDTHS AND GRADES

Atlanta Gold Inc. has released drill results from two additional holes from its drilling program in the Buffalo mine zone of the Atlanta shear at its Atlanta property in Idaho. These results from the continuing drill program continue to show the potential for bulk-mining zones at intermediate depths within the Atlanta shear.

The attached tables show the long continuous core intervals with minable grade intercepts. "These additional results continue to add to our confidence that there is significant potential for low-cost, intermediate-depth bulk mining at Atlanta. The top of these mining blocks are relatively shallow, located immediately below the proposed pit bottoms at the Atlanta project and easily accessible from short ramps," said Ernest Simmons, vice-president of mining and chief operating officer of the company. A new mining option is being developed as drilling continues to expand this zone along strike and depth. Additional assays are pending for recently completed holes.

                  RESULTS FROM RECENTLY COMPLETED DRILL HOLES 
                    
Hole identification   From        To       Core length             Assays (1)          
                        (m)       (m)               (m)       Gold        Silver
                                                              (g/t)         (g/t)
                                                             
D11173W45             86.9     102.1              15.2       3.819          7.89
includes                                           1.5       6.252          2.91
includes                                           1.5      12.534         39.29
includes                                           1.5      14.141         34.39
                     185.9     193.5               7.6       2.379          1.91
includes                                           1.5       8.983          2.61
                     230.1     251.5              21.4       2.054          1.14
includes                                           1.5       3.008          0.89
includes                                           1.5       4.724          0.89
includes                                           1.5       5.837          1.99
includes                                           1.5       3.149          4.49
D11151W51            264.3     289.6              25.3       3.038          1.71
includes                                           1.5      14.122          6.21
includes                                           1.5       3.726          0.41
includes                                           1.5      16.725          0.99
includes                                           1.5       6.415          2.29

(1) Grades are weighted averages.

                   PREVIOUSLY REPORTED HOLES (OCT. 12, 2011)
 
Hole identification   From        To       Core length             Assays (1)          
                        (m)       (m)               (m)       Gold        Silver
                                                              (g/t)         (g/t)

D11166W41A           117.3     127.4              10.1        3.01          5.66
includes                                           1.5        4.29          6.21
includes                                           0.3       26.64         70.22
includes                                           1.9        8.12          6.90
D11166W43            285.0     333.8              48.8        1.80          0.84

(1) Grades are weighted averages.

In July, 2011, P&E Mining Consultants Inc. completed a mineral resource estimate at the company's Atlanta gold project. P&E estimated an indicated mineral resource of 686,600 gold ounces within 6.83 million tons at an average grade of 0.101 ounce per ton (3.45 grams per tonne) gold and an inferred mineral resource of 282,400 gold ounces contained within 1.79 million tons at an average grade of 0.158 ounce per ton (5.42 g/t) Au. Using a gold-to-silver price ratio of 55.6 to 1, the new indicated mineral resource is 719,000 gold equivalent (AuEq) ounces within 6.83 million tons at an average grade of 0.106 ounce per ton (3.63 g/t) AuEq, and the inferred mineral resource is 290,000 AuEq ounces within 1.79 million tons at an average grade of 0.163 ounce per ton (5.59 g/t) AuEq. Gold cut-off grades of 0.041 ounce per ton (1.41 g/t) for open pit and 0.113 ounce per ton (3.87 g/t) for underground resources were established from metal prices, expected recoveries and estimated operating costs (see news release dated July 21, 2011).

Qualified person

Information of a technical nature in this news release regarding Atlanta has been reviewed by Edward D. Fields who is a designated qualified person under NI 43-101. Mr. Fields is a registered member of the Society for Mining, Metallurgy and Exploration Inc.

Quality control and assurance

Drill samples were handled and assayed in accordance with NI 43-101 standards. Assaying was done by Inspectorate America Corporation of Sparks, Nev., United States. Samples were 30-gram fire assays of split NQ-sized core (one inch in diameter). Quality control and quality assurance protocol of the analytical results is maintained by inserting standards, blanks and duplicates into the sample run, approximately every 20 samples at the project site.

We seek Safe Harbor.