ATCO MINING ACQUIRES DISTRICT SCALE FOOTPRINT IN ST. GEORGES BAY BASIN WITH THE ACQUISITION OF THE EAGLE SALT PROJECT 15KM SOUTH OF TRIPLE POINT'S FISCHELLS BROOK SALT DOME

Atco Mining Inc. has staked a new project on the west coast of Newfoundland. The newly staked claims, named the Eagle salt project, are 100-per-cent-owned by Atco and are located just 15 kilometres south of Triple Point Resources' Fischell's Brook salt dome project and five km east of its St. Fintan's salt project. The Eagle salt project consists of mineral claims totalling 10,575 hectares.

With the newly staked mining claims, Atco now controls four projects in the area which consist of 13,525 hectares. With this acquisition, Atco has increased its land position in the prolific St. Georges Bay basin in southwest Newfoundland by over 350 per cent. Atlas Salt's spinout company, Triple Point Resources, currently holds approximately 22,599 hectares.

The project is located at the southern end of the St. George Bay basin. The underlying geology is mapped as the Codroy Group and Barachois Group geological strata. The nearby Fischell's Brook salt dome project of Atlas Salt contains salt dome formations within the base of the Codroy Group. Thus, the newly acquired project contains potential for salt resources and/or subsurface salt domes. A continuing data compilation is being completed on this and all the other Atco projects in order to develop an exploration plan.

"This is a significant opportunity for us," says Christopher Cooper, chief financial officer of Atco Mining. "Not only does it increase our footprint in the St. Georges Basin by over 4.5 times, but it positions Atco as one of the largest landholders in the area right next to Atlas Salt (TSXV:SALT). As we continue to move towards a clean energy revolution; our team is extremely excited to continue to explore for potential salt domes and how they can be used for hydrogen storage."

QP (qualified person) statement

The technical information contained in this news release has been reviewed and approved by Neil McCallum, BSc, PGeo, of Dahrouge Geological Consulting; he a qualified person, as defined in National Instrument (NI) 43-101.

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 deposits in Saskatchewan, as well as salt opportunities in western Newfoundland.

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