Atlanta Gold Inc. to terminate U.S. registration and SEC reporting obligations

    TORONTO, May 16 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announced today that
it intends to file a Form 15F with the United States Securities and Exchange
Commission (the "SEC") to terminate the registration of its common shares
under section 12(g) of the United States Securities Exchange Act of 1934 (the
"Exchange Act") and to terminate its reporting obligations under sections
13(a) and 15(d) of the Exchange Act. The Company anticipates filing the Form
15F with the SEC on or about May 16, 2008. Upon the filing of the Form 15F,
the Company's reporting obligations under the Exchange Act will be suspended
immediately and will terminate after 90 days of the filing, barring any
objections from the SEC.
    The Company's board of directors decided to terminate the registration to
reduce the administrative workload and costs associated with meeting specific
SEC reporting requirements required under the Exchange Act, which are in
addition to the Company's reporting obligations under Canadian law. This
deregistration will not affect the Company's business strategy in the United
States nor its commitment to high standards of corporate governance and
financial reporting.
    The Company's shares will continue to be listed and trade on the Toronto
Stock Exchange ("TSX"). As a TSX-listed reporting issuer, the Company will
continue to meet its Canadian continuous disclosure obligations through
filings with the applicable Canadian securities regulators. Company filings
can be viewed on the System for Electronic Document Analysis and Retrieval
(SEDAR) at www.sedar.com.

    About the Company

    Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary,
Atlanta Gold Corporation, a 100% interest in the Atlanta property which
comprises 2,081 acres and is located 65 miles east of Boise, in Elmore County,
Idaho. A long history of mining makes Atlanta very suitable for the
development of new mining projects.
    The Company is focused on advancing its core asset, Atlanta, towards mine
development and production and on acquiring, exploring and developing other
attractive gold projects.

For further information: Bill Baird, President and CEO, Telephone: (416)
777-0013; Fax: [phone], E-mail: [e-mail]