Toronto, Ontario – Atlanta Gold Inc. (TSXV: ATG; OTC Pink: ATLDF) (the "Company") today reported that, other than a declared disaster period of high spring runoff and an uncontrolled release of water flow from the 900 Level adit (see the Company’s news release of June 16, 2014), the arsenic content in 48 weekly samples taken from the effluent weir averaged 7.9 parts per billion (PPB) for arsenic. During the first quarter of 2015, the average of 13 samples was 5 PPB for arsenic, 152 PPB for iron and 2 parts per million (PPM) for suspended solids. The results from the water treatment facility compare favourably with the EPA standard shown below:

 

Arsenic

Iron

Suspended Solids

Measurement Unit

PPB

PPB

PPM

EPA Standard

10

1,000

30

 

The Company is pleased to see continued evidence that the water treatment system developed by Atlanta Gold Corporation, it's wholly-owned subsidiary, is capable of effectively treating effluent water containing naturally occurring high arsenic and iron content. We now believe this technology may have a broader commercial application.   

The ability to treat contaminated waste water and produce a product that can be recycled is a valuable asset to all, including the Company.

About the Company

Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation, leases, options or ownership interests in its Atlanta properties which comprise approximately 2,159 acres (8.74 square kilometres) located 90 air kilometers east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for development of new mining projects. The Company is focused on advancing its core asset, Atlanta, towards mine development and production.

The Company is also focused on advancing its exploration and processing methods on the Neal Property, which is located approximately 15 miles from Boise, Idaho and comprises approximately 192 acres (0.78 square kilometres). The Neal Property’s geology is similar to that of the Atlanta Project and it provides the Company with all-season access to further refine the processing equipment and procedures. In June 2014, Knife River assigned certain of its rights and obligations under its lease with the owner of the Neal Property to AGC. AGC staked an additional seven contiguous claims on public land that was open to mineral entry.

Forward-Looking Information

This news release contains forward-looking information and forward-looking statements (collectively “forward-looking statements”) within the meaning of applicable securities laws with respect to the refinancing of the Company’s debenture. Such are based upon various assumptions and other factors that management believes to be reasonable, including that the Company will reach agreement with CCM and receive the requisite approvals of the TSX Venture Exchange on a timely basis. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied by the forward-looking statements. Risks and uncertainties that may cause actual results to vary include the ability to conclude in a timely manner a refinancing agreement on terms acceptable to the Company and to the holders of the Company’s senior secured notes, the receipt of all requisite approvals to the refinancing from the TSX Venture Exchange; the ability of the Company to complete additional financings on acceptable terms; fluctuations in the gold price and currency exchange rates; changes in general economic conditions and in the financial markets; as well as other risks and uncertainties which are more fully described in the Company’s annual and interim management’s discussion and analysis and other filings by the Company with the securities regulatory authorities, which are available under the Company’s profile at www.sedar.com. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied by the forward-looking statements and accordingly, readers should not place undue reliance on the forward-looking statements. Readers are cautioned that the foregoing lists of risks, uncertainties, assumptions and other factors are not exhaustive. The forward-looking statements contained herein are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements contained herein or in any other documents filed with securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

For further information contact:

Atlanta Gold Inc.
Wm. Ernest Simmons
President and CEO
Telephone: (208)-424-3343
Fax: (208) 338-6513
Email: esimmons@atlantagold.com

Atlanta Gold Inc.
Peili Miao
CFO
Telephone: (416) 777-0013
Fax: (416) 777-0014
Email: peilimiao@atgoldinc.com

CHF Investor Relations
Catherine D. Hume
CEO
Telephone: (416) 868-1079
Fax: (416) 868-6198
Email cathy@chfir.com

To receive Company news via email, contact info@atgoldinc.com and mention “Atlanta Gold News” in the subject line.

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