Mr. Ernest Simmons reports

ATLANTA GOLD DRILL RESULTS CONTINUITY OF ATLANTA SHEAR ZONE BETWEEN IDAHO AND MONARCH PITS

Atlanta Gold Inc. has released the results of eight diamond drill holes drilled to investigate the Atlanta shear zone between the Idaho pit area (west end of the shear) and the Monarch pit area (east end of the shear), all indicate continuity of the gold-bearing structure.

"We have now established continuity along the entire length of the 3,475-metre (11,400-foot) Atlanta shear zone, which we believe will be minable as one continuous open pit. In addition, the deepest hole (D11159W53) indicates that the shear continues to be mineralized to depths of almost 900 metres (3,000 feet), further opening up the potential for outlining bulk minable zones below the open pit horizon," said Ernest Simmons, vice-president and chief operating officer.

         SELECTED ASSAY RESULTS FROM BUFFALO MINE ZONE                          

Hole No.      From         To      Width    True width*     Assay
                (m)        (m)        (m)           (m)   (gpt Au)
  
D11181W39    100.6      103.6        3.0           2.2      2.211
             190.5      196.6        6.1           4.3      0.696
             214.9      224.0        9.1           6.5      0.977
             274.3      298.7       24.4          17.3      2.842
D11166W41A   118.3      125.6        7.3           5.2      4.070
             181.4      185.9        4.6           3.2      1.176
D11166W43     93.0       99.1        6.1           3.5      0.970
             137.2      146.0        8.8           5.1      1.258
             225.2      231.6        6.4           3.7      2.194
             237.7      242.3        4.6           2.6      1.176
             286.5      332.2       45.7          26.2      1.899
D11173W45     64.0       70.1        6.1           4.3      0.960
              88.4      100.6       12.2           8.6      4.690
             185.9      193.5        7.6           5.4      2.379
             228.6      249.9       21.3          15.1      2.102
             321.6      327.7        6.1           4.3      1.056
D11151W51    102.1      108.2        6.1           3.9      1.920
             131.1      137.2        6.1           3.9      0.754
             187.5      201.2       13.7           8.8      1.707
             210.3      214.9        4.6           2.9      1.131
             246.9      257.6       10.7           6.9      0.799
             265.2      288.0       22.9          14.7      3.336
             246.9      255.1        8.2           3.5      2.246
D11159W53    334.7      338.3        3.7           1.6      1.107
             464.8      467.9        3.0           1.3      1.286
             173.7      175.9        2.1           1.4      0.984
D11159W61    223.7      228.3        4.6           2.9      1.269
             310.9      315.5        4.6           2.9      0.696
             349.0      364.2       15.2           9.8      0.991
             198.1      201.2        3.0           2.0      0.857
D11230W65    442.0      469.4       27.4          17.6      1.389
             474.0      484.2       10.2           6.6      0.826

*True widths are estimates based on current available data and 
 may be subject to change.

All eight holes penetrated the shear zone, with four holes indicating more than one highly altered zone. All are part of the shear, or are closely related splays or branches off the main shear.

Several holes also indicate the potential to expand the higher grade Newmont zone (below the Monarch area).

P&E Mining Consultants Inc. is currently preparing an updated NI 43-101 report to reflect the results of the company's 2011 drilling program. The July, 2011, mineral resource estimate completed by 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) Au 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 gpt) Au. Using a gold-to-silver-price ratio of 55.6:1, P&E estimated an indicated mineral resource of 719,000 gold equivalent ounces within 6.83 million tons at an average grade of 0.106 ounce per ton (3.63 gpt) AuEq and an inferred mineral resource of 290,000 AuEq ounces within 1.79 million tons at an average grade of 0.163 ounce per ton (5.59 gpt) AuEq. Gold cut-off grades of 0.041 ounce per ton (1.41 gpt) for open pit and 0.113 ounce per ton (3.87 gpt) for underground resources were established from metal prices, expected recoveries and estimated operating costs (see news release dated July 21, 2011).

Following completion of NI 43-101 resource estimate, P&E will prepare a preliminary economic assessment of the project, as the company advances permitting and development of the mine.

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. Quality control and assurance of the analytical results are maintained by inserting standards, blanks and duplicates into the sample run, approximately every 20 samples at the project site.

We seek Safe Harbor.