The TSX Venture Exchange has accepted for filing documentation in connection with an option agreement dated July 20, 2010, letter agreement between ATW Venture Australia Pty. Ltd., a wholly owned subsidiary of ATW Gold Corp., and Mutiny Gold Ltd., pursuant to which Mutiny can acquire a 70-per-cent interest in the Gullewa copper-gold project located in the West Yilgarn goldfields of Western Australia.

In order for Mutiny to acquire a 70-per-cent interest in the Gullewa project, Munity must make the following cash payments to the company's subsidiary:

1. $1.5-million (Australian) on or before Sep. 24, 2010;
2. $1.5-million (Australian) (plus applicable interest payable under Clause 2 of the underlying agreement between ATW Australia and Batavia Mining Ltd. dated April 18, 2008, under which ATW Australia originally acquired its interest in the Gullewa project) on or before Jan. 24, 2011;
3. $4-million (Australian) on or before July 24, 2011;
4. $2-million (Australian) on or before Oct. 31, 2011, and by paying all exploration and development expenditures on the Gullewa project until Oct. 31, 2011.

Upon earning a 70-per-cent interest in the Gullewa project, Mutiny may elect to enter into a 70/30 joint venture agreement with the company or it may acquire a further 30-per-cent interest by completing a positive feasibility study on the Gullewa project and by paying to the company an additional $4-million (Australian). If it so elects, then it will have acquired the Gullewa project 100 per cent and ATW Australia will retain a 10-per-cent net profit interest.

The exchange has been advised that the acquisition was approved by the shareholders of the company at a meeting held on Aug. 26, 2010.