Mr. Clive Massey reports

ATOMIC MINERALS CLOSES FLOW-THROUGH AND NFT UNITS OFFERING

Further to its news releases issued on Dec. 2, 2024, and Nov. 15, 2024, Atomic Minerals Corp. has received conditional approval from the TSX Venture Exchange to close a first tranche of the NFT (non-flow-through) and FT (flow-through) private placement for total gross proceeds of $401,499.98, by issuing 2.35 million NFT units at five cents per NFT unit for gross proceeds of $117,500 and by issuing 4,733,333 FT units at six cents per FT unit for gross proceeds of $283,999.98. The company will not proceed with a second tranche.

A total of 7,083,333 warrants were issued, each exercisable into one common share at 10 cents per common share to expire on Nov. 29, 2026. Pursuant to the applicable statutory hold period, all securities issued pursuant to the first tranche may not be transferred or sold until March 30, 2025.

Finders' fees were paid in the form of 8 per cent in cash, 4 per cent in common shares and 4 per cent in finders' warrants on a portion of the first tranche, totalling $20,800, 173,333 finders' common shares and 173,333 non-transferable finders' warrants. The finders' warrants entitle the holder to purchase one common share in the capital of the company at an exercise price of 10 cents per common share for a period of two years on or before expiry (Nov. 29, 2026).

The entire gross proceeds from the issue and sale of the FT units, excluding warrant proceeds, will be used for Canadian exploration and development of the company's projects in Saskatchewan, and the proceeds from the issue and sale of NFT units will be used for general working capital purposes.

About Atomic Minerals Corp.

Atomic Minerals is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven record in the junior mining sector. Atomic Minerals' objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.

Atomic Minerals' property portfolio contains uranium projects in three locations within North America, all of which have significant technical merit and or are known for hosting uranium production in the past. Three of the properties are located on the Colorado plateau, an area that has previously produced 1,597,000 pounds of U3O8. Three others are in the prolific Athabasca basin region and nine uranium projects are located Northern Saskatchewan, encompassing a total exploration area of 6,495 hectares.

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