Atlanta Gold Inc. has renewed its lease and option to purchase a strategically significant 658.9 acre property located at its Atlanta Gold project in Idaho, U.S.A. for a further two years. Under the terms of the agreement entered into by the Company’s wholly-owned Idaho subsidiary, Atlanta Gold Corporation, with Monarch Greenback, LLC, the lease and option to purchase first entered into in February 1999, has been extended until April 30, 2011. Under the terms of the agreement, Atlanta Gold Corporation has the right to acquire a 100% interest in the property subject to a floating rate net smelter return royalty with a maximum rate of 3.5%. The agreement requires optional annual lease payments and optional monthly
payments totaling US$580,000 over the next two years to maintain the Option in
good standing.

“This property is an essential component of the Company’s strategy to
build a profitable gold mine at Atlanta and we are pleased to have renewed our
option”, said Bill Baird, President and CEO of Atlanta.

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