Mr. Rowland Howe reports

ATLAS DRILLS 305.5 METERS OF MASSIVE SALT IN EASTERN STEP-OUT AT GREAT ATLANTIC

Atlas Salt Inc.'s drill hole CC-9b, collared 250 metres east of CC-4 into an untested part of Great Atlantic, has cut a 336-metre gross interval of salt highlighted by thick sections of massive salt comprising 305.5 metres grading 95.56 per cent sodium chloride (NaCl -- salt).

Highlights:

• The first major section (168 metres) of massive salt started at a depth of only 240 metres, and included 6.39 metres of 99.1 per cent salt, further solidifying Great Atlantic as the shallowest deposit in the heart of the robust North American road salt market.
• High-grade massive salt is continuous throughout almost the entire drill hole from 240 metres, interspersed with only three minor intervals of salty mudstone.
• Very-high-purity salt (98.15 per cent) occurs near the bottom of the drill hole over 14.2 metres within a broader 81.5-metre section grading 95.87 per cent.
• Analytical results for CC-9b were not available prior to the effective date of the recent SLR technical report (preliminary economic assessment -- PEA) and are therefore not included in the current resource estimate. Inclusion of these results will upgrade the Great Atlantic salt resource in the coming feasibility study.

Rowland Howe, Atlas Salt president and chief executive officer, commented: "After 30 years in the salt business I can state unequivocally that drill hole CC-9b is truly extraordinary in terms of its shallowness, thickness and grade profile, underscoring how Great Atlantic is the premier undeveloped salt project in North America. We have yet to find the limits of this massive homogeneous deposit blessed with highly favourable logistics next to a deep sea port on the west coast of Newfoundland."

Mr. Howe continued: "The thickness of this deposit will allow for multiple mining levels while the shallowness of it will enable Great Atlantic to become the first major salt mine in North America to be accessed through inclined ramps versus vertical shafts, as detailed in the PEA. The low-cost producer always wins."

Quality assurance/quality control

Drill core from CC-9b, through the salt interval, is NQ in diameter (47.6 millimetres). Samples were taken in lengths of whole core at a minimum of 0.10 m in length per sample. A total of 189 samples were taken over a gross interval of 336 m with a sample ratio of 1.77, averaging one sample per 1.7 metres of core.

All samples taken from CC-09b were sent to Actlabs in Ancaster, Ont., and analyzed for NaCl (salt) by ASTM D632-12 analytical package. Drill core was collected from the drilling site by Atlas geological staff. Drill core was then transported to a secure core storage facility in Stephenville, Nfld., for logging and sampling. Core sample tags were placed in the core box and sample bags, with a third tag placed in a record book. All sample record books are stored at the Atlas offices. Samples were placed in individual sealed and labelled plastic bags and sample shipments are accompanied by sample inventory sheets. Atlas geological staff delivered sample batches to the courier and received tracking details, after which samples are transported by courier to the Actlabs laboratory in Ontario. Further discussion related to quality assurance/quality control and geologic context of the 2022 drilling program is contained in the "Technical Report on the Great Atlantic Salt Project, Newfoundland and Labrador, Canada Report for NI 43-101" by SLR Consulting (Canada) Ltd. and filed on SEDAR.

Qualified person

Patrick J. Laracy, PGeo and CEO, is the qualified person responsible for the technical contents of this news release as defined in National Instrument 43-101.

About Atlas Salt Inc.

Atlas Salt owns 100 per cent of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The project features a large homogeneous high-grade resource located immediately next to a deepwater port. Atlas is also the largest shareholder in Triple Point Resources as it pursues development of the Fischell's Brook salt dome approximately 15 kilometres south of Great Atlantic in the heart of an emerging clean energy hub.

We seek Safe Harbor.