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File: TCO_NR_CORPORATE_UPDATE_ 06.22.16.docx


TRANSATLANTIC MINING ANNOUNCES CORPORATE UPDATE

June 22, 2016 TSX Venture Exchange
 Trading Symbol: TCO 
Vancouver, British Columbia
Transatlantic Mining Corp (TSX.V: TCO) (the "Company") is pleased to announce a Corporate update for the Company. 
US Grant Property
The Company has exercised its option under the lease and option agreement to begin leasing the US Grant Property. The 
--->four 4 month due diligence period has been considered to be successful and the board looks forward to progressing the 
--->asset. 

Private Placement
The Company will be arranging a non-brokered private placement of up to 50,000,000 million units at a price of 5 cents
---> per unit, for gross proceeds of up to $2,500,000. Each unit comprises one common share and one third of one common sh
--->are purchase warrant. Each whole warrant entitles the holder to acquire one additional common share for a period of tw
--->o years at a price of 10 cents. 

Proceeds of the placement will be applied to the Company's properties, potential acquisitions and for general working 
--->capital.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a
---> day from the date of issuance in accordance with applicable securities law. The offering is subject to a number of co
--->nditions, including receipt of all necessary corporate and regulatory approvals, including approval of the TSX-V.

Convertible Loan
The Company will be arranging a convertible loan in the amount of $250,000 USD at a rate of 8% per annum. The converti
--->ble loan will be converted at the discretion of the lender at either event: a) in conjunction of the current announced
---> private placement or b) 20% discount to market at such time the lender decides to convert the loan to shares. The con
--->vertible loan is subject to a number of conditions, including receipt of all necessary corporate and regulatory approv
--->als, including approval of the TSX-V.

Options
The Company has also granted incentive stock options to its Board members, Officers and Consultants to acquire 21,500,
--->000 common shares at a price of $0.10 per common share for a period of two years.





About Transatlantic Mining Corp

Transatlantic Mining Corp. is a mineral exploration company focused on becoming the next diversified industrial metal 
--->producer. The Company's holdings include an option to earn an 80% interest in AMCOR's Monitor Copper, Gold and Silver 
--->project in the Coeur D'Alene Mining District in Idaho.

For further information contact Rob Tindall at (604) 424 8257.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.