Mr. Alex Klenman reports

ATCO MINING INCREASES FOOTPRINT IN ST. GEORGES BAY BASIN WITH THE ACQUISITION OF THE APOLLO SALT PROJECT ON NEWFOUNDLAND'S SOUTHWEST COAST

Atco Mining Inc. has acquired by staking additional mining claims on the west coast of Newfoundland. The newly acquired claims named the Apollo project are 100 per cent owned by Atco Mining and are located just south of Atlas Salt's Great Atlantic salt deposit, as well as the Fischell's Brook salt dome. A map of the project will be uploaded to Atco Mining's website shortly.

The Apollo project, which consists of 93 mining claims that total 2,325 hectares, is located in the St. Georges basin, which has been actively explored for the past 70 years for the potential of potash and salt. Most recently, Atlas Salt has released an inferred resource of 908 million tons of 96.9 per cent sodium chloride on its Great Atlantic project and plans to explore for the potential of hydrogen storage in the area of the Fischell's Brook salt dome with a new spinout company called Triple Point Resources. With the continuing concerns for cleaner energy resources, Atco Mining will also be exploring for the potential of hydrogen storage on its newly acquired claims, as well as its Blue Moon South property. With the newly acquired mining claims, Atco Mining now controls three projects in the area, which consist of 118 claim units totalling 2,950 hectares.

The newly acquired Apollo property is located 25 kilometres to the south of Atco Mining's 100-per-cent-owned Blue Moon South project and located 36 kilometres south of its 100-per-cent-owned Lunar North project. Lunar is located just to the west of Atlas Salt's Great Atlantic salt deposit. The property is also located within the same geophysical interpointed gravity low within the St. Georges basin. The company intends to explore the newly acquired ground for the potential of additional salt domes that may be used for future hydrogen storage. Atco Mining's Blue Moon South property, which is located in the northwest section of the Fischell's Brook salt dome, has historical drilling, which has intersected sections of salt that Atco Mining believes may also have potential for hydrogen storage.

Hydrogen storage potential

Currently in the United States, a joint venture between Mitsubishi Power and Magnum Development plans to store hydrogen in salt caverns from where it can be later used for power, industrial and transport applications. This joint venture is purportedly the world's largest underground hydrogen storage project. The project is scheduled for operation by 2025 with the first phase providing 150,000 megawatt-hours of renewable power storage capacity -- an amount sufficient to power 150,000 households per year.

Another project developed by a government-funded German consortium of more than 100 companies plans to store about 150,000 megawatt-hours hydrogen gas, derived from wind-powered generation, in salt caverns in Saxony-Anhalt. If the project proceeds, Hydrogen Power Storage and Solutions East Germany (HYPOS) would be continental Europe's first hydrogen storage facility, which would link a planned network of distributors and storage stations across Germany to provide hydrogen to all regions.

Atco Mining is very well positioned to take advantage of the green energy revolution and investment with its 100-per-cent-owned Blue Moon South property, which is located 12 kilometres to the southwest of the Atlas Salt Great Atlantic deposit and also located in the northwest corner of the Fischell's Brook salt dome. The company believes that there is also potential for hydrogen storage on its Blue Moon property and will be further exploring to fully understand its true potential.

Blue Moon South project is located 10.4 kilometres to the south-southwest of Atco Mining's Lunar North project claim boundary. It has a historical drill hole (LR-98-01), which was drilled to a depth of 771.23 metres and intersected a salt dome at approximately 668.66 metres through to 706.0 metres. This 37-metre-wide salt dome will be further explored for potential hydrogen storage as it is located at the required depth of between 500 and 1,500 metres, where most hydrogen is stored.

"Given that Canada and Germany signed a joint declaration of intent committing the two countries to collaboration in the export of clean Canadian hydrogen to Germany that will commit the two countries to, among other things, enabling investment in hydrogen projects, establishing a transatlantic Canada-Germany supply corridor and, most importantly, exporting clean Canadian hydrogen by 2025 bodes extremely well for Atco and what we are trying to explore for with our Blue Moon South project," said Alex Klenman, chief executive officer of Atco Mining.

A qualified person has not undertaken sufficient work to verify the historical assay results and technical information reported herein. Technical information in this news release has been reviewed and approved by Dr. Derek Wilton, PGeo, who is a qualified person under the definitions established by National Instrument 43-101.

About Atco Mining Inc.

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

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