Mr. Rob Tindall reports

TRANSATLANTIC MINING UPDATES MANAGEMENT CHANGES, MALI PAYMENT AND FINANCING

Transatlantic Mining Corp. has provided the following update.

Changes in management

The company is pleased to announce that Steve Hodgson has joined the board of directors as an independent director. Mr. Hodgson is currently the director of marketing at United Company Rusal PLC, a position he has held since September, 2012, and international sales director of Rusal, a position he has held since June, 2010. He was previously head of Rusal's representative office in Australia from 2006, and also served as chief executive and president of Rio Tinto Alcan's bauxite and alumina division from 2008.

Property payment

As previously announced, the company is owed $1-million plus interest as a result of the vendor's termination of the company's proposed Mali acquisition. That payment was not made when due, on Jan. 14, 2015, and the company is currently evaluating its alternatives for legal recourse.

Private placement

The company is continuing with its efforts to raise up to $4-million by the previously announced private placement sale of up to 40 million common shares at 10 cents. That placement remains subject to the approval of the exchange.