Mr. Neil McCallum reports

SOUTH ATLANTIC GOLD INC. COMPLETES $255K FINANCING

Atco Mining Inc. expects to receive final interpreted results from its recently completed airborne gravity survey shortly. Preliminary data from the airborne gravity survey recently conducted on its 100-per-cent-owned salt projects, located within the St. George's Bay basin in southwestern Newfoundland, revealed that three high-priority oval-shaped gravity anomaly targets are present on the company's tenures. The geometry of the gravity-low features suggests the presence of underground salt dome structures. The detailed interpretation work has been continuing during the last several weeks and the company expects receipt of the final interpreted survey data from the contractor in the coming weeks.

Neil McCallum, director of Atco Mining, states: "I am very happy with the data that we've received thus far from the survey. The fact that the preliminary results confirmed the presence of three salt dome structures on our projects is a very positive fact and takes us one step closer towards growing Atco into one of the leaders in the hydrogen storage space."

The geophysical program was completed approximately two months ago (see news release dated Jan. 25, 2023) utilizing the Falcon Plus airborne gravity gradiometer (AGG) and magnetics completed by Xcalibur Multiphysics, of Mississauga, Ont. Falcon is the world's only purpose-built AGG system, designed to isolate aircraft motion noise. The survey was managed and will be interpreted by GroundTruth Exploration, of Dawson City, Yukon.

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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