Mr. Alex Klenman reports

ATCO MINING INC. RAISES $1,000,000 IN INITIAL PUBLIC OFFERING AND LISTS ON THE CANADIAN SECURITIES EXCHANGE

Atco Mining Inc. has completed its initial public offering, pursuant to a prospectus dated Sept. 29, 2022, in which it issued an aggregate of 10 million common shares of the company at a purchase price of 10 cents per common share. This generated aggregate gross proceeds of $1-million.

PI Financial Corp. acted as agent on a commercially reasonable efforts basis in respect of the offering, and it received a cash commission equal to 7 per cent of the gross proceeds and a corporate finance fee. In addition, Atco issued 900,000 non-transferable agents' warrants, with each warrant exercisable for one common share at a price of 10 cents until Oct. 25, 2024.

Proceeds of the offering will be used to finance the company's exploration work and for working capital purposes.

Atco's common shares were listed on the Canadian Securities Exchange on Oct. 24, 2022, and are expected to commence trading on or about Oct. 25, 2022, under the trading symbol ATCM.

About Atco Mining Inc.

Atco is a junior exploration mining company focused on exploring for green-energy metals throughout Canada. Atco is also exploring for sulphide-rich VHMS (volcanic-hosted massive sulphide) deposits in Saskatchewan, as well as salt opportunities in western Newfoundland.

We seek Safe Harbor.