An anonymous director reports

ATCO MINING ACQUIRES THE HIGHLAND PROJECT IN THE ST GEORGES BASIN BASED ON HISTORICALLY DEFINED GRAVITY ANOMALY

Atco Mining Inc. has staked a new project on the west coast of Newfoundland. The newly staked project, named the Highland salt project, is 100 per cent owned by Atco and is located immediately adjacent to Triple Point Resources' (Atlas Salt's new spinout company), the St. Fintan's salt project. It is also adjacent to the company's existing Apollo project. The Highland salt project consists of one licence, totaling 975 hectares.

With the newly acquired project, Atco now controls seven projects in the area which consist of 20,450 hectares. In comparison, Atlas Salt's spinout company, Triple Point Resources, currently holds approximately 22,599 hectares.

The project was acquired to cover a portion of a historically mapped gravity low that was defined by ground gravity work and reports from 1971 by Hooker Chemical Company. Interpretation of the anomaly, that is partially covered by the Highland salt project, suggests a depth to a possible salt dome at between 305 and 427 metres below the surface.

Grant of restricted share units

The company also announces that its board of directors has granted 200,000 restricted share units (RSUs) to a consultant of the company. The RSUs will vest and convert into common shares on April 5, 2023, provided that the consultant remains involved with the company at the time.

Qualified person statement

The technical information contained in this news release has been reviewed by Neil McCallum, BSc, PGeo, of Dahrouge Geological Consulting, who is a qualified person as defined in National Instrument 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 (volcanic-hosted massive sulphide) deposits in Saskatchewan, as well as salt opportunities in Western Newfoundland.

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