An anonymous director reports

ATCO MINING ANNOUNCES PRIVATE PLACEMENT

Atco Mining Inc. intends to conduct a non-brokered private placement of up to 77 million common shares at a price of 1.5 cents per common share for gross proceeds of up to $1,155,000. The offering is not subject to any minimum aggregate subscription.

The company intends to use the gross proceeds for general working capital purposes, although there may be circumstances where, for sound business reasons, a reallocation of funds may be necessary.

In connection with the offering, the company may pay finders' fees to eligible third parties who have assisted in introducing subscribers to the company.

Existing shareholder exemption and investment dealer exemption

The offering will be made available to existing shareholders of the company who, as of the close of business on Jan. 21, 2025, held common shares of the company (and who continue to hold such common shares as of the closing date of the offering), pursuant to the prospectus exemption set out in British Columbia Instrument 45-534 -- Exemption from Prospectus Requirement Certain Trades to Existing Security Holders, and in similar instruments in other jurisdictions in Canada. If the company receives subscriptions from investors relying on the existing shareholder exemption exceeding the maximum amount of the offering, the company intends to adjust the subscriptions received on a pro rata basis.

The company has also made the offering available to certain subscribers pursuant to British Columbia Instrument 45-536 -- Exemption from Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance with the requirements of the investment dealer exemption, the company confirms that there is no material fact or material change about the company that has not been generally disclosed.

The offering is subject to all necessary regulatory approvals, including acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

About Atco Mining Inc.

Atco is a junior exploration mining company focused on exploring for green-energy metals throughout Canada. Atco is also exploring salt opportunities in western Newfoundland.

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