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File: Mill Commissioning NR AUG16.docx


TRANSATLANTIC MINING ANNOUNCES FIRST GOLD/SILVER CONCENTRATE AND COMMISSIONING OF MILL AT THE US GRANT GOLD/SILVER MIN
--->E

TSX Venture, {TSX-V: TCO} 

August 4, 2016. Vancouver, British Columbia. Transatlantic Mining Corp. (TSX-V: TCO) ("TCO") is pleased to provide an 
--->update on the US Grant Gold/Silver Mine & Mill in Montana (USA). As per the press release dated January 22, 2016, TCO 
--->is operating under an exclusive lease/purchase option agreement over a 16-month period ending in May 2017. 
Commissioning of the Crusher and Mill is well underway, on a limited dayshift basis. In July, TCO produced its first g
--->old/silver concentrate. While ongoing improvements are being made, lower-grade mine material is being run through the 
--->Mill processing facility. Optimization of the flotation circuit to realize maximum efficiency is in progress. This wil
--->l serve as a comparison to previous metallurgical test work performed to date, prior to mining and milling higher-grad
--->e material.
Two tons of lower-grade concentrate has been sent to a commercial toll leaching facility in neighbouring Idaho to prod
--->uce a dore product. {Note: a dore bar is a semi-pure alloy of gold & silver usually created at a mine site and sent to
---> a refinery for further purification}. The tonnage sent to Idaho will lead to a leaching trial and performance report.
---> This analysis will provide estimated commercial cost metrics for subsequent processing of higher-grade concentrates. 
/
Training of Mill operators continues, the Company's understanding is improving with each production run. Results from 
--->this process, along with access to higher grades from 3 Level, and an improvement in recoveries, will be reported afte
--->r receipt of the full analysis from the toll leaching facility.  
Management plans to increase throughput via the extraction of higher-grade material after fully commissioning the Mill
---> processing facility and bringing the mine into 24-hour operation. With respect to activities at US Grant, VP Operatio
--->ns- North America Ron Krusemark commented, 

"From observations of key operating metrics, and initial throughput at the mill, we are excited by the progress to dat
--->e. Given that we will be moving into higher grade ore zones soon, this bodes well for the project."
About Transatlantic Mining Corp.

Transatlantic Mining Corp. (TSX-V: TCO) is a mineral exploration company focused on generating near-term cash flow fro
--->m its leased (with exclusive option to purchase) US Grant Gold/Silver Mine & Mill in Montana (USA). The Company also h
--->as an option to earn into an 80% interest in AMCOR's Monitor Copper/Gold/Silver project in the prolific Coeur D'Alene 
--->Mining District of Idaho (USA).


For further information please contact: Rob Tindall, CEO 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.