Mr. Richard LaBelle reports

ATLAS SALT INC. ANNOUNCES UPDATE ON REGISTRATION UNDER ENVIRONMENTAL PROTECTION ACT

The Minister of Environment and Climate Change has requested and Atlas Salt Inc. has agreed to an extension of time to render a decision regarding the company's project registration document for the Great Atlantic salt project, pursuant to Part X of the Newfoundland and Labrador Environmental Protection Act. A decision by the Minister is expected by April 19, 2024.

As outlined in the press release dated February 28, 2024, the Registration represents a crucial milestone in the Project's development and path to financing, construction and unlocking shareholder value. The Registration outlines the Company's dedication to innovation, sustainable mining practices, community engagement, and implementing strategies and designs to minimize environmental impact.

Atlas Salt believes that the Project will significantly contribute to local and regional economies and create numerous highly skilled generational employment opportunities.

For further information and ongoing updates, please visit https://atlassalt.com/.

About Atlas Salt Inc.

Atlas Salt Inc. is developing Canada's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement.

We seek Safe Harbor.