Mr. Clive Massey reports

ATOMIC MINERALS ANNOUNCES CLOSING OF NON-BROKERED LIFE OFFERING AND CONCURRENT PRIVATE PLACEMENT OF $2.2M

Atomic Minerals Corp. has closed its non-brokered private placement under the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) (the Listed Issuer Financing Exemption) of 14,325,634 units at a price of five cents per unit, for gross proceeds of $716,282. The company also announces that it has closed its concurrent non-brokered private placement of 29,674,366 units at a price of five cents per unit, for gross proceeds of $1,483,718.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one share at a price of 10 cents per share for a period of 12 months from the date of issuance, provided that the warrants issued under the LIFE offering will not be exercisable for a period of 60 days after the date of issue.

The securities offered under the LIFE offering are not subject to a hold period in accordance with applicable Canadian securities laws. The securities offered under the concurrent private placement are subject to a statutory hold period in Canada ending on the date that is four months plus one day following the closing date of the concurrent private placement.

In connection with the LIFE offering and the concurrent private placement, the company paid finders' fees in the total amount of $97,650 and issued 1,926,000 non-transferable warrants in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Each finder warrant is exercisable to acquire one share at a price of 10 cents for a period of one year from the date of issue.

The company intends to use the net proceeds of the LIFE offering and the concurrent private placement to finance exploration activities at its uranium projects located in Saskatchewan and the Colorado Plateau region of the United States and for general administrative expenses. The LIFE offering and the concurrent private placement closing remains subject to certain closing conditions, including, without limitation, approval of the TSX Venture Exchange.

Option grant

The company also announces that a total of 6.4 million stock options have been granted to certain directors, employees and consultants of the company pursuant to the company's stock option plan. The options are exercisable for a period of five years at a price of 10 cents per share.

Three million four hundred thousand of the options have been granted to directors of the company, and, accordingly, such grant constitutes a related-party transaction pursuant to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the grant of options to related parties in reliance on the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively.

About Atomic Minerals Corp.

Atomic Minerals is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven record in the junior mining sector. Atomic Minerals' objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.

Atomic Minerals' property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and/or are known for hosting uranium production in the past. Four of the properties are located on the Colorado Plateau, an area which has previously produced 597 million pounds of triuranium octoxide, the Mozzie Lake project is located in the prolific Athabasca basin region in Northern Saskatchewan and the Mont-Laurier project is located in Quebec.

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