Mr. Graham Downs reports

ATAC RESOURCES LTD. ANNOUNCES BOARD APPROVAL OF A NEW SHAREHOLDER RIGHTS PLAN

Atac Resources Ltd. has approved the adoption of a new shareholder rights plan, to be effective upon the termination of the existing shareholder rights plan at Atac's 2014 annual general meeting, scheduled to be held on June 24, 2014. The new rights plan has been designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for Atac's outstanding securities, and will provide the board of directors with additional time to assess the advantages and disadvantages of any particular offer, and to seek out alternative proposals in the best interests of all shareholders. The new rights plan will essentially be a continuation of the shareholder rights plan adopted by Atac on April 23, 2010, as ratified by its shareholders at the annual general and special meeting held on June 10, 2010, and as extended through to the date of its 2014 annual general meeting at the annual general and special meeting held on May 22, 2012.

Atac will not be adopting the new rights plan in response to any specific proposal to acquire control of its outstanding securities. The new rights plan will be similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the new rights plan to entrench management or prevent a change of control of Atac to the detriment of shareholders. The new rights plan will not apply to takeover bids that meet certain requirements including that the bid be made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders will have an adequate opportunity to assess the merits of any such bid.

The new rights plan will be subject to TSX Venture Exchange acceptance and to Atac obtaining ratification thereof at an annual general meeting of shareholders to be held within six months -- in that regard, said shareholder ratification will be sought at Atac's 2014 annual general meeting. If ratified, the new rights plan will have an initial term which will expire at Atac's annual general meeting of shareholders to be held in 2017; the new rights plan may also be reconfirmed and extended at that annual general meeting and at every third annual general meeting thereafter. If ratified as disclosed above, a copy of the new rights plan will be available for viewing on SEDAR and may also be obtained from Atac subsequent to its 2014 annual general meeting of shareholders.

We seek Safe Harbor.