Mr. Richard LaBelle reports

ATLAS SALT INC. ANNOUNCES ANNUAL FILINGS AND COMPANY UPDATE

Atlas Salt Inc. has filed its year-end audited financial statements and management discussions and analysis as of Dec. 31, 2023, with the appropriate Canadian and U.S. regulatory bodies. Canadian filings are available for viewing on SEDAR+, and U.S. filings are available viewing on the OTC Markets website.

Company Update - 2024 Objectives

The Company has already achieved crucial milestones in 2024 in the development of the Great Atlantic Salt Project and achieving a path to financing, construction and ultimately unlocking stakeholder value.

• January 8, 2024: Announced the key strategies for de-risking mine project execution, alongside the completion of a third-party peer review of the feasibility study by BWB Consulting Services Inc.;
• January 15, 2024: Announced the results of a Greenhouse Gas (GHG) Emissions Inventory Report for the Great Atlantic Salt Project by Stantec Consulting Ltd., confirming exceptionally low GHG intensity for a mining project;
• February 28, 2024: Announced the submission of the Project Registration Document for the Great Atlantic Salt Project pursuant to Part X of the Newfoundland and Labrador Environmental Protection Act.
• April 19, 2024: Announced that the Minister of Environmental and Climate Change for Newfoundland and Labrador has released with conditions the proposed Great Atlantic Salt Project from the provincial environmental assessment process.

Looking ahead, the Company is progressing the following objectives for the Great Atlantic Salt Project for the remainder of 2024:

• Establishing monitoring programs consistent with the conditions of release from the provincial environmental assessment process;
• Progressing permitting, leasing and zoning;
• Developing the detailed timeline to commercial production;
• Developing mine design and build optimizations;
• Progressing offsite infrastructure agreements and capital investment plans for logistics including the planned material transportation, conveyor and port loading systems;
• Developing salt distribution and monetization strategic partnerships; and
• Progressing project financing options.

Company Update - Executive Team

The Company also announces that as part of the Company's transition to development, Rick LaBelle is succeeding Rowland Howe as President of the Company. Mr. Howe will continue on the Company's Board of Directors and will act as a Special Advisor to Mr. LaBelle.

Rick LaBelle, CEO, commented: "Since joining the Company in 2021, Rowland has been a major asset and key part of the success in progressing the Great Atlantic Salt Project from exploration to where we are today. Rowland's salt industry and infrastructure experience are a valuable asset to our Board of Directors and I'm pleased that Atlas Salt will continue to benefit from his expertise."

Rowland Howe commented "I'm excited about the future of Atlas Salt and the Great Atlantic Salt Project and know that it is in capable hands with Rick. Having obtained environmental clearance, Rick is the right person to build this mine and I'm happy to provide my continued support and strategic advice to the Board and executive team of the Company to further advance the Great Atlantic Salt Mine towards production."

Qualified Persons

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and approved on behalf of the Company by Patrick J. Laracy, P. Geo, Chairman of Atlas Salt, a qualified person.

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.