Atlanta Gold encouraged by drill results from its 2008 surface exploration program at its Atlanta property in Idaho



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    IN THE UNITED STATES/

    TORONTO, July 29 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces results
from the first four drill holes in its 2008 surface diamond core drilling
program at its Atlanta project ("Atlanta") in Idaho. The planned 12,000-foot
definition drilling program is intended to confirm the bottom of the Monarch
Mini-Pit and West Monarch Mini-Pit and complete infill drilling of the East
Extension area. One out of the initial four drill holes of the program
intersected significant gold mineralization ranging from 0.105 oz Au/ton over
2.0 feet to 0.612 oz Au/ton over 3.3 feet. Composite assay results from the
surface drilling program at Atlanta are presented below.

    
    -------------------------------------------------------------------------
      Hole                                 True               True
     Identif-      From     To     Width  Width(*)  Assay   Width(*)  Assay
     ication      (Feet)   (Feet) (Feet)  (Feet)   (opt Au) (Meters) (gpt Au)
    -------------------------------------------------------------------------
    D08025W001(1)   24.0    54.3    30.3    24.2    0.0425     7.4    1.4571
                   ----------------------------------------------------------
                    54.0    67.5    13.2    10.6    0.0169     3.2    0.5794
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    D08025W002(2)   18.0    65.0    47.0    28.2    0.0355     8.6    1.2171
                   ----------------------------------------------------------
                    65.0    92.3    27.3    16.4    0.3330     5.0   11.4171
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    D08015W003(3)   26.5    42.0    15.5     9.3    0.0469     2.8    1.6080
                   ----------------------------------------------------------
                    71.0    81.0    10.0     6.0    0.0305     1.8    1.0457
                   ----------------------------------------------------------
                    91.0   105.1    14.1     8.5    0.0509     2.6    1.7451
                   ----------------------------------------------------------
                   148.5   169.0    20.5    12.3    0.0404     3.7    1.3851
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    D08015W004(4)   79.5    94.0    14.5    11.6    0.0253     3.5    0.8674
                   ----------------------------------------------------------
                   103.0   110.0     7.0     5.6    0.0276     1.7    0.9463
                   ----------------------------------------------------------
                   119.5   139.5    20.0    16.0    0.0553     4.9    1.8960
                   ----------------------------------------------------------
                   139.5   151.0    11.5     9.2    0.0157     2.8    0.5383
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

        (*) True widths are estimates based on current available data and may
            be subject to change.

        (1) Includes 3.0 feet of 0.450 opt (15.42 gpt) Au
        (2) Includes 3.3 feet of 0.612 opt (20.98 gpt) Au
        (3) Includes 5.0 feet of 0.084 opt (2.88 gpt) Au
        (4) Includes 5.0 feet of 0.084 opt (2.88 gpt) Au
    

    Surface exploration drilling to date has identified several excellent
exploration targets and confirmed a mineral resource that is open both along
strike and at depth.
    A table showing the 2008 surface drilling results to date as well as
additional information on Atlanta will be available on the Company's website
at http://www.atgoldinc.com
    As previously announced, the Company changed the strategic focus of its
Atlanta Gold project from bulk mining, cyanide heap leaching, to a combined
shallow open-pit and an underground operation with an on-site milling facility
with no cyanide circuit, producing both a gravity concentrate and a precious
metal rich sulphide concentrate to be custom smelted. This will reduce the
environmental footprint by 95% and increase expected metal recovery rates from
63% to 90%.
    The Company's environmentally friendly strategy for exploration,
development and permitting of Atlanta in 2008 includes the following
initiatives:

    
    -   A surface trenching and sampling program to determine grades for
        shallow open pit mining;

    -   A 12,000-foot surface definition drilling program to confirm the
        bottom of the East Monarch Mini-Pit and West Monarch Mini-Pit and
        complete infill drilling of the East Extension area;

    -   Removing surface overburden for sampling of the Atlanta Shear Zone
        and potential placer processing;

    -   Collaring a new portal 6,876 feet above sea level, driving a 1,200
        foot long, 10 by 14 foot underground exploration decline and
        conducting from drilling stations a 12,000-foot core drilling program
        of which 5,000 feet will be drilled in 2008 and the remainder in
        early 2009;

    -   Rehabilitation of the 2,275 foot long historic 900 Adit, to provide
        access and safe working conditions for an 8,000-foot underground
        drilling program; and

    -   Implementation of an engineered drainage system to maintain a
        constant flow of mine drainage water through the existing Water
        Treatment Facility at the historic 900 Adit. The water will be
        subsequently recycled and treated through the gravity-flotation
        milling operation at a pilot plant with an expected design capacity
        of 800 tons-per-day.
    

    Qualified Person

    The Atlanta drill program is managed and supervised by William L. (Bill)
Josey the Company's Chief Geologist and designated "Qualified Person" under NI
43-101. Mr. Josey is a registered professional geologist in the State of
Arizona. Information of a technical nature in this news release regarding
Atlanta has been reviewed by Mr. Josey.

    Quality Control and Assurance

    Drill samples were handled and assayed in accordance with NI 43-101
standards. Assaying was done by Chris Christopherson, Inc., an Umpire
laboratory for major mining companies, which is based in Kellogg, Idaho, and
American Assay Laboratories, Inc. ("AAL"), in Sparks, Nevada. AAL is a well
known international lab that has operated in Nevada for more than 20 years.
Samples were 30-gram fire assays of whole NQ-sized core (1 7/8 inches in
diameter), and reverse circulation cuttings.

    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 approximately 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
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.

    Forward-Looking Information

    This news release contains forward-looking information and
forward-looking statements within the meaning of applicable securities laws.
All statements, other than statements of historical fact, are forward-looking
statements. We use words such as "may", "will", "should", "anticipate",
"plan", "expect", "believe", "estimate" and similar terminology to identify
forward looking information and statements. Such are based upon assumptions,
estimates, opinions and analysis made by management in light of its
experience, current conditions and its expectations of future developments as
well as other factors which it believes to be reasonable and relevant. Forward
looking information and statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results to differ
materially from those expressed or implied in the forward looking information
and statements and accordingly, readers should not place undue reliance on
those statements. Risks and uncertainties that may cause actual results to
vary include, but are not limited to, the speculative nature of mineral
exploration, development and mining (including with respect to size, grade and
recoverability of mineral reserves and resources); operational and technical
difficulties; risks and hazards associated with the business of mineral
exploration, development and mining, including environmental hazards;
government action or delays in the receipt of governmental approvals, permits
and licenses; changes in resource prices and fluctuations in currency exchange
rates; the Company's limited financial resources and the availability of
financing alternatives; contests to the title of Company property and changes
in general economic conditions or conditions in the financial markets; as well
as other risks and uncertainties which are more fully described in the
Company's annual information form on Form 20-F, annual and quarterly
Management's Discussion and Analysis and in other Company filings with
securities and regulatory authorities which are available at www.sedar.com.
    Readers are cautioned that the foregoing lists of risks, uncertainties
and other factors are not exhaustive. The forward-looking statements contained
in this news release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking information or
statements contained herein or in any other documents filed with Canadian and
U.S. securities regulatory authorities, whether as a result of new
information, future events or otherwise, except in accordance with applicable
securities laws.




For further information:

For further information: Bill Baird, President and CEO, Telephone: (416)
777-0013, Fax: (416) 777-0014, E-mail: info@atgoldinc.com

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Atlanta Gold Inc.

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