Mr. Etienne Moshevich reports

ATCO MINING COMPLETES SEISMIC INTERPRETATION ON ITS FLAT BAY SALT PROJECT IN SOUTHWESTERN NEWFOUNDLAND

Along with its contracted consultant partner, Respec Consulting Inc., Atco Mining Inc. has completed a 2-D seismic interpretation on the Flat Bay salt project, located in the St. Georges Bay basin in southwestern Newfoundland, locating at least one salt structure prospective for halite exploration, the mineral form of sodium chloride, or road salt. The 2-D seismic data show the potential presence of a salt structure within the project boundary. The preliminary seismic data interpretation findings align with gravity lows and are potentially indicative of salt in the subsurface.

Respec is currently combining the seismic and gravity data to create a 3-D geological model of the salt structure. The 3-D model will be used for the placement of future core well locations and will define the dimensions of the salt structure.

Jai Duhan, subsurface energy storage consultant at Respec, commented, "The 2-D seismic and gravity data show the potential presence of salt structure at the Flat Bay project site, and Respec is looking forward to assisting Atco in defining the appropriate next steps in its exploration program."

Etienne Moshevich, chief executive officer of Atco, commented: "These preliminary results are very positive and I'm eager to move ahead with our next steps. With further data compilation and a 3-D geological model to follow from Respec, we will be able to further define the potential of a salt dome. We look forward to receiving additional reporting and updates within the coming weeks as we look to prepare our next steps in our exploration efforts."

Qualified person

The technical content of this news release has been reviewed and approved by Tabetha Stirrett, PGeo, who is a qualified person as defined by 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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