Mr. Clive Massey reports

ATOMIC ACQUIRES SOUTH LISBON VALLEY EAST PROPERTY IN UTAH

Atomic Minerals Corp. has acquired by Quit Claim Deed the road accessible DBI No. 218 through DBI No. 292 Bureau of Land Management (BLM) lode claims in San Juan county, Utah, collectively known as the South Lisbon Valley East property (SLVE). The 1,516.5-acre (614-hectare) property lies approximately 35 kilometres northeast of Monticello. SLVE lies in the Colorado Plateau and covers the southern portion of a suspected belt of penecordant uranium mineralization hosted in the Moss Back member of the Triassic Chinle formation associated with the northeastern side of the downfaulted Lisbon Valley anticline.

Evaluation of oil and gas drill holes in the Lisbon Valley area located gamma ray anomalies within the base of the Chinle formation in a number of the drill holes, potentially outlining a similar belt of uranium mineralization as found on the southwest side of the Lisbon Valley anticline.

"We are extremely pleased to identify and acquire the SLVE property through the diligent efforts of our technical team," commented Atomic Minerals' chief executive officer, Clive Massey. "Lisbon Valley has been a hot bed of uranium exploration since its discovery in the early 1950s and the presence of an arcuate belt of uranium mineralization similar to the SW belt has long been speculated. It is very gratifying to see strong evidence that it may indeed exist," he concluded.

Colorado Plateau and Lisbon Valley uranium

The roughly 130,000-square-mile (336,700-square-kilometre) Colorado Plateau hosts the largest uranium province in the United States and one of the largest in the world. Most of the Colorado Plateau uranium deposits are hosted in the Triassic Chinle and Jurassic Morrison formations that formed in mostly arid environments. These deposits are exposed today along cliffs and drainages that transect the plateau and have been mined for vanadium since 1909 and for uranium since 1946. The two main areas of uranium production were Morrison formation Grants mineral belt in New Mexico and the Chinle formation Lisbon Valley in Utah.

The Chinle formation deposits are located in arcuate belts associated with a series of northwest-southeast-trending anticlines developed as a result of salt movement in the underlying strata. Paleo rivers flowed along each side of these anticlines with uranium mineralization found within these paleo-channels along the lengths of the anticlines. Lisbon Valley is the type location for Chinle deposits.

Lisbon Valley produced approximately 80 million pounds of U3O8 (triuranium octoxide) between 1952 and 1982 from an arcuate belt some 16 miles long by one mile wide with approximately one-third of the belt eroded away postmineral. Individual orebodies ranged from a few hundred pounds to 20 million pounds of U3O8, hosted in the basal Moss Back member of the Triassic Chinle formation along the southwest flank of the Lisbon Valley anticline. A northwest-trending, postmineral normal fault, the Lisbon Valley fault abruptly cut-off and displaced the uranium mineralization associated with the northeast flank, speculatively dropping it plus 2,500 feet on the northeast side of the fault.

The Rio Algom mine produced 13 million pounds at an average grade of 0.25 per cent U3O8 at a depth 2,550 feet on the down-faulted side of the fault, supporting the presence of an arcuate belt on the northeast side of the fault. Oil and gas drilling, largely between 2006 and 2014, on the northeast down-faulted side of the Lisbon Valley anticline located anomalous to extremely anomalous gamma ray readings in the suspected Moss Back member in 28 of 51 holes drilled throughout a northwest-trending belt 20 kilometres in length by plus 750 metres in width, outlining the suspected eastern arcuate belt.

Within Atomic's SLVE property nine widely spaced historic oil and gas wells appear to define the southern end of this 20 km by plus 750 m belt as off-scale radioactivity was recorded within the favourable Chinle formation host rock over widths of 1.8 to 4.5 metres (six to 15 feet) from depths of 760 to 880 m (2,495 to 2,890 feet).

About Atomic Minerals Corp.

Atomic Minerals is a publicly listed exploration company on the TSX Venture Exchange, trading under the symbol ATOM, led by a highly skilled management and technical team with a proven record in the junior mining sector. Atomic's objective is to identify exploration opportunities in regions that have been previously overlooked but are geologically similar to those with previous uranium discoveries. These underexplored areas hold immense potential and are in stable geopolitical and economic environments.

Currently, the company's property portfolio contains uranium projects with significant technical merit in two locations known for hosting uranium production in the past. The company has three on the Colorado Plateau, within the continental United States. The plateau has previously produced 597 million pounds of U3O8. The other two recently acquired properties are located in the prolific Athabasca region in Saskatchewan, Canada, and the Mount Laurier property located in Quebec, Canada.

We seek Safe Harbor.