AIM Receives Shareholder Approval for Reorganization



    SYDNEY, NS, Jan. 28 /CNW Telbec/ - Atlantic Industrial Minerals
Incorporated (TSXV:ANL.V) ("AIM") announced today that its previously
announced agreement to sell its common shares of Kelly Rock Limited to
Municipal Capital Incorporated received unanimous approval of shareholders
voting at the Annual General and Special Meeting of shareholders held on
January 15, 2009. The proposed transaction is subject to final regulatory
approval, and is currently expected to close on or about February 28, 2009.
    At the meeting, the shareholders also re-elected David MacKenna, Gary
MacKenzie, Barry Martin, Glen Dexter and Barclay Cunningham as directors and
approved the reappointment of KPMG LLP as the auditors for AIM. David
MacKenna, Glen Dexter and Barclay Cunningham intend to resign as officers and
directors of AIM upon completion of the proposed transaction.
    AIM is a natural resource company based in Sydney, Nova Scotia, engaged
in the production and sale of industrial minerals. The common shares of AIM
are listed on the TSX Venture Exchange.

    Commentary regarding forward looking statements:

    This news release may contain forward-looking statements, including in
connection with the proposed transaction contemplated by the agreement to sell
the common shares of Kelly Rock Limited held by AIM. Such statements involve
known and unknown risks, uncertainties, and other factors outside management's
control including, but not limited to, receipt of required approvals for the
completion of the transactions contemplated in the Agreement, that could cause
actual results to differ materially from those expressed in the
forward-looking statements. AIM does not assume responsibility for the
accuracy and completeness of the forward-looking statements and does not
undertake any obligation to publicly revise these forward-looking statements
to reflect subsequent events or circumstances.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    %SEDAR: 00003443E




For further information:

For further information: David W. Mackenna, President, (902) 562-2240

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ATLANTIC INDUSTRIAL MINERALS INCORPORATED

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