Mr. Jeff Kilborn reports

ATLAS SALT CLOSES $1.25 MILLION FLOW-THROUGH FINANCING

Atlas Salt Inc. has closed its previously announced non-brokered private placement financing consisting of 961,539 flow-through common shares of the company at a price of $1.30 per FT share for aggregate gross proceeds of $1.25-million.

Each FT share qualifies as a flow-through share for purposes of the Income Tax Act (Canada). The gross proceeds raised from the issuance of the FT shares will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the tax act to advance exploration on the nepheline discovery at its Black Bay property in Southern Labrador.

All securities issued pursuant to the offering are subject to a statutory hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

About Atlas Salt Inc.

Atlas Salt is developing North America'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.