Atlanta Gold Inc.'s Common Shares to be Delisted by TSX



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

    TORONTO, Sept. 10 /CNW/ - Atlanta Gold Inc. (TSX: ATG) announces that it
has been notified by the Toronto Stock Exchange (the "TSX") that the Company's
common shares will be delisted at the close of market on October 9, 2009, for
failure to meet the continued listing requirements of the TSX. While the
Company will endeavor to meet the continued listing requirements of the TSX
prior to the delisting date, the Company has also made application to list its
common shares on the TSX Venture Exchange.

    About the Company

    In March 2009, The Company completed a Canadian Securities Administrators
National Instrument 43-101 compliant Technical Report and Resource Estimate
(the "Technical Report") on the Company's Atlanta Gold project ("Atlanta") in
Idaho.
    The Technical Report estimates 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 0.100 opt gold for the underground
resource with an average grade of 0.154 opt gold and 0.357 opt silver, that
contain 460,300 ounces of gold and 1,069,900 ounces of silver, respectively,
or 474,900 equivalent ounces of gold (including silver resources as a gold
equivalent) using an average expected recovery rate of 90 % for gold and
silver. Copies of the Technical Report and the 2007 Technical report are
available on SEDAR at www.sedar.com.
    Exploration at Atlanta is ongoing and is expected to outline additional
resources that will be incorporated in the mine plan at the appropriate time.
Therefore, the Technical Report should not be used as a definitive measure of
the ultimate economic potential of Atlanta.

    Atlanta Gold Inc. 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.

    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", "endeavor",
"anticipate", "plan", "expect", "believe", "estimate" and similar terminology
to identify forward looking information and statements, including with respect
to meeting the continued listing requirements of the TSX, obtaining a listing
on the TSX Venture Exchange and an increase in gold resources. 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 Company's limited
financial resources and the availability of financing alternatives; 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; 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.

    %SEDAR: 00004944E




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; CHF Investor Relations: Christopher Haldane, Account
Manager, Telephone: (416) 868-1079, extension 237, Fax: (416) 868-6198,
E-mail: chris@chfir.com

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Atlanta Gold Inc.

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