Mr. Rob Tindall reports

TRANSATLANTIC MINING ANNOUNCES RECENT DEVELOPMENTS ON THE MONITOR PROPERTY, IDAHO

Transatlantic Mining Corp. has provided the following update on its operations in relation to the Richmond/Monitor copper-gold project, Idaho.

Amendment agreement

The company has entered into an agreement to extend the time within which it is required to incur certain expenditures to earn an 80-per-cent interest in the Monitor property, Idaho. Under the original option and joint venture agreement with the property owners, the company was required, among other things, to incur $2.1-million (U.S.) in expenditures on the property, of which $700,000 (U.S.) was required to be expended by Feb. 22, 2014, $700,000 (U.S.) was required to be expended by Feb. 22, 2015, and $700,000 (U.S.) was required to be expended by Feb. 22, 2016. By an amendment agreement with the property owners, the company's incurrence of the first $700,000 (U.S.) in expenditures is acknowledged, the date by which the second $700,000 (U.S.) is required to be expended has been extended to Feb. 6, 2016, and the date by which the final $700,000 (U.S.) is required to be expended has been extended to Feb. 5, 2017. As consideration for the extension, the company has agreed to pay $25,000 (U.S.) and issue to the property owners 1.5 million common shares.

St. Lawrence agreement

The company has entered into a lease agreement with the landowner of the St. Lawrence parcel of patented (private) land on the Montana/Idaho border. The land is adjacent to the Richmond/Monitor project and will provide increased access to the old underground workings. The company has been granted a permit to access these workings and plans to begin underground exploration in the coming weeks with a view to mining a 10,000-tonne parcel of ore for testing purposes, before the end of 2015.

Under the lease agreement, the landowner leases to the company the St. Lawrence property, including all appurtenant mining, surface, access and other rights, for an initial term of 25 years with one option to renew for an additional 25 years. As consideration, the landowner will receive 1.3 million common shares of the company and a 1-per-cent net smelter returns royalty from any production from all of the Monitor/Richmond project lease area. The landowner may terminate the lease after seven years if he has not received during that period an NSR or equivalent cash payments totalling at least $150,000 (U.S.). The landowner may also terminate the lease after three years if the company has not incurred by that time at least $100,000 (U.S.) in expenditures on the St. Lawrence property. The landowner will also receive an annual maintenance fee of $10,000 (U.S.) on each anniversary date of the agreement.

The company considers the execution of this agreement to be significant, as it provides an accelerated path to exploration and development of the Richmond/Monitor project.

Drilling update

The company has completed the drilling of 14 holes in the Richmond/Monitor project area, and is now evaluating the data obtained. The company expects to receive assays from this drilling in the coming weeks.