Atlanta Gold announces first results of 2010 surface exploration drilling
program at its Atlanta property in Idaho

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, July 22 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces results from the first ten holes of its 2010 surface diamond core drilling program in the Monarch and East Extension areas at its Atlanta gold property in Idaho. The highlight of these initial drill results was hole D10231E04 which averaged 0.476 ounces of gold per ton (opt) (16.32 grams per tonne) over 10 feet (3 metres) of core within the main mineralized zone at a vertical depth of approximately 350 feet (107 metres) below surface. This composite intersection included an intercept of 0.729 opt (24.99 gpt) Au over 3.3 feet (1 metre) of core width.

Assay results for the first ten drill holes in the 2010 surface drilling program are provided below with four assays above 0.10 opt (3.43 gpt) Au shown in bold italics.

    
    -------------------------------------------------------------------------
                                          True      Assay     True     Assay
         Hole        From    To   Width   Width      (opt     Width     (gpt
    Identification  (Feet) (Feet) (Feet) (Feet)*   Au)(xx) (Meters)* Au)
    -------------------------------------------------------------------------
    D10241E01       220.0  225.0    5.0    3.5      0.060      1.1     2.06
                   ----------------------------------------------------------
                    320.0  325.0    5.0    3.5      0.048      1.1     1.65
    -------------------------------------------------------------------------
    D10248E02                                        Less Than 0.020 opt Au
    -------------------------------------------------------------------------
    D10248E03                                        Less Than 0.020 opt Au
    -------------------------------------------------------------------------
    D10231E04(1)    280.0  290.0   10.0    6.5      0.051      2.1     1.73
                   ----------------------------------------------------------
                    395.0  405.0   10.0    6.5      0.476      2.1    16.32
    -------------------------------------------------------------------------
    D1014E05                                         Less Than 0.020 opt Au
    -------------------------------------------------------------------------
    D10221E06       295.0  300.0    5.0    3.5      0.113      1.1     3.87
    -------------------------------------------------------------------------
                    745.0  755.0   10.0    6.5      0.152      2.0     5.21
                   ----------------------------------------------------------
                    770.0  780.0   10.0    6.5      0.024      2.0     0.82
                   ----------------------------------------------------------
                    785.0  795.0   10.0    6.5      0.136      2.0     4.66
    D10101W01(2)   ----------------------------------------------------------
                    810.0  820.0   10.0    6.5      0.021      2.0     0.72
                   ----------------------------------------------------------
                    835.0  840.0    5.0    3.3      0.022      1.0     0.75
                   ----------------------------------------------------------
                    870.0  880.0   10.0    6.5      0.029      1.7     0.99
    -------------------------------------------------------------------------
                    628.0  633.0    5.0    3.0      0.033      0.9     1.13
                   ----------------------------------------------------------
                    815.0  855.0   40.0   24.0      0.039      7.3     1.34
                   ----------------------------------------------------------
                    895.0  900.0    5.0    3.0      0.025      0.9     0.86
                   ----------------------------------------------------------
    D10101W02       910.0  930.0   20.0   12.0      0.052      3.7     1.78
                   ----------------------------------------------------------
                    950.0  960.0   10.0    6.0      0.047      1.8     1.61
                   ----------------------------------------------------------
                    975.0  985.0   10.0    6.0      0.032      1.8     1.10
                   ----------------------------------------------------------
                    995.0 1010.0   15.0    9.0      0.062      2.7     2.13
    -------------------------------------------------------------------------
                    600.0  620.0   20.0   14.0      0.087      4.3     2.99
                   ----------------------------------------------------------
                    955.0  960.0    5.0    3.5      0.040      1.1     1.37
    D10085W03(3)   ----------------------------------------------------------
                    975.0  990.0   15.0   10.5      0.031      3.2     1.07
                   ----------------------------------------------------------
                   1000.0 1010.0   10.0    7.0      0.035      2.1     1.19
    -------------------------------------------------------------------------
                    645.0  650.0    5.0    3.3      0.039      1.0     1.34
                   ----------------------------------------------------------
                   1005.0 1030.0   25.0   16.3      0.041      5.0     1.40
    D10085W04      ----------------------------------------------------------
                   1115.0 1125.0   10.0    6.5      0.026      2.0     0.89
                   ----------------------------------------------------------
                   1140.0 1170.0   30.0   19.5      0.054      5.9     1.86
    -------------------------------------------------------------------------
                    580.0  590.0   10.0    6.0      0.022      1.8     0.75
                   ----------------------------------------------------------
                    995.0 1005.0   10.0    6.0      0.054      1.8     1.85
                   ----------------------------------------------------------
    D10078W05      1020.0 1065.0   45.0   27.0      0.049      8.2     1.68
                   ----------------------------------------------------------
                   1075.0 1100.0   25.0   15.0      0.036      4.6     1.23
                   ----------------------------------------------------------
                   1130.0 1135.0    5.0    3.0      0.027      0.9     0.93
    -------------------------------------------------------------------------
    *  True widths are estimates based on current available data and may be
         subject to change.
    (xx) Assays of less than 0.02 opt Au have not been reported.

        (1) Includes 3.3 feet of 0.729 opt (24.99 gpt) Au
        (2) Includes 3.3 feet of 0.247 opt (8.47 gpt) Au
            Includes 3.3 feet of 0.138 opt (4.73 gpt) Au
        (3) Includes 3.5 feet of 0.214 opt (7.34 gpt) Au
    

Definition drilling is being conducted with infill holes to better define open pit and underground potential by increasing the density of drilling in mineralized zones which increases confidence in, and confirms continuity of, higher grade portions of the resource, and with step-out holes which test areas outside previously interpreted limits.

As previously announced, the Company completed in March 2009 an internal NI 43-101 Technical Report and Resource Estimate which estimated the total Measured and Indicated resource for Atlanta to be 3.0 million tons above cut-off grades of 0.05 ounces per ton (opt) gold for the mini-pit resource and 0.10 opt gold for the underground resource with an average grade of 0.154 opt gold and 0.357 opt silver, that contain 460,338 ounces of gold and 1,069,900 ounces of silver, respectively, or approximately 474,900 equivalent ounces of gold (including silver resources as a gold equivalent). The objective of the Company's 2010 exploration program is to increase the gold mineral resource inventory at Atlanta by the end of 2010.

Drilling to date has extended the length of the Atlanta Shear Zone to 11,400 feet (3.5 kilometres) and the zone remains open to the east and west. The majority of the current Measured and Indicated 474,900-gold equivalent ounce resource (including silver resources as a gold equivalent), as estimated by the Company's March 2009 NI 43-101 Technical Report and Resource Estimate, is located between the surface and the 6,400-foot elevation (a vertical depth of 800 feet from the top of Atlanta Hill).

The 2010 exploration program is currently focused on the Atlanta Shear Zone which has a surface expression that is 11,400 feet (3,475 metres) long, 30 to 120 feet (9 to 37 metres) wide and extends from surface to a known vertical depth of 1,850 feet (564 metres) with numerous splays branching off to the northwest and southeast of the main Shear. The Company is also investigating possible satellite mineralization systems in areas surrounding the main Shear, including the Tahoma structure which is located approximately half a mile north of the main Shear and half a mile south of the town of Atlanta.

"The Company is embarking on its most aggressive exploration program to date and we are encouraged by the results of the first round of drilling from the planned 55,000 feet of surface drilling at Atlanta", said Bill Baird, President and CEO of the Company. While the distribution of high-grade values within the Atlanta Shear Zone is not fully understood, the intercepts in holes D10231E04, D10221E06 and D10101W01 show that the mineralized system contains attractive grades and widths for a combined open pit and underground mining operation. Of particular interest on the main Shear is the relatively unexplored area in the 900 to 1,200 foot horizon between the Newmont Zone in the west (below the Monarch area) and the Glaspey Zone in the east (below the East Extension). The 2,000-foot (600-metre) distance between these highly prospective zones is underexplored as previous programs focused on shallower, potentially open-pitable mineralization. There are also numerous other prospective zones and areas to drill test throughout this large mineralized system. With each set of drill results, we will learn more and be able to more effectively focus subsequent rounds of drilling on these targets.

Qualified Person

Information of a technical nature in this news release regarding Atlanta has been reviewed by William L. (Bill) Josey who is a designated "Qualified Person" under NI 43-101. Mr. Josey is a registered professional geologist in the State of Arizona.

Quality Control and Assurance

Drill samples were handled and assayed in accordance with NI 43-101 standards. Assaying was done by Inspectorate America Corporation of Sparks, Nevada, U.S.A. Inspectorate is a well known international lab that has operated in Nevada for more than 10 years. Samples were 30-gram fire assays of split NQ-sized core (1? inches in diameter). Quality control and assurance of the analytical results is maintained by inserting standards, blanks, and duplicates into the sample run, approximately every twenty samples at the project site.

About the Company

Atlanta Gold Inc. (TSXV: ATG) holds through its 100% owned subsidiary, Atlanta Gold Corporation, leases, options or ownership interests in its Atlanta properties which comprise approximately 2,197 acres located 65 miles east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for 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.

NEITHER THE 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: 00004944E

SOURCE Atlanta Gold Inc.

For further information: For further information: Atlanta Gold Inc.: Bill Baird, President and CEO, Telephone: (416) 777-0013, Fax: (416) 777-0014, E-mail: info@atgoldinc.com; Investor Cubed Inc.: Neil Simon, Telephone: (647) 258-3310, (888) 258-3323, Fax: (416) 363-7977, E-mail: nsimon@investor3.ca; CHF Investor Relations: Christopher Haldane, Account Manager, Telephone: (416) 868-1079, Fax: (416) 868-6198, E-mail: chris@chfir.com

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