Atlanta Gold investigates potential of tungsten by-product at its Atlanta
Gold Project in Idaho

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

TORONTO, Oct. 28 /CNW/ - Atlanta Gold Inc. (NEX: ATG.H) announces that, based on a recent review of historical mining records, the Company has determined that, in addition to the gold and silver mineralization in the 11,400-foot (3,475-metre) long, 100-120-foot (30-37-metre) wide Atlanta Shear Zone, tungsten was mined at Atlanta in the 1940s. The Company is presently investigating the economic potential of mining and processing a tungsten by-product from the Atlanta Shear Zone.

From April 1, 1942 to July 31, 1943, the Talache mill which was located on the Atlanta property processed 363,615 pounds of tungsten concentrate which contained 37,835 pounds of 10.41% tungsten trioxide (WO3) extracted from 16,895 tons of ore. The table below shows the historical monthly production reports from the Talache mill.

    
    -------------------------------------------------------------------------
         TABLE - HISTORICAL PRODUCTION REPORTS FROM TALACHE MILL*
    -------------------------------------------------------------------------
                           Assay       Pounds WO3            Concentrates
                        -------------------------- Reco- --------------------
    Report                                          very          WO3    WO3
     Date       Tonnage Heads Tails   Heads   Tails   %  Pounds    %   Pounds
    -------------------------------------------------------------------------
    1942
    -------------------------------------------------------------------------
    April 30        957 0.100 0.020 1,848.0   418.6 80.0  23,028  6.20  1,428
    -------------------------------------------------------------------------
    May 31        1,452 0.080 0.020 2,317.2   673.5 70.8  12,615 13.00  1,640
    -------------------------------------------------------------------------
    June 30       1,258 0.090 0.026 2,334.4   694.5 70.2  16,988  9.60  1,631
    -------------------------------------------------------------------------
    July 31       1,156 0.237 0.066 5,481.6 1,533.4 72.0  26,329 15.00  3,949
    -------------------------------------------------------------------------
    August 31     1,108 0.207 0.034 4,604.0   766.5 83.4  21,414 17.92  3,837
    -------------------------------------------------------------------------
    September 30  1,326 0.185 0.041 2,915.6 1,096.8 77.7  24,603 15.50  3,813
    -------------------------------------------------------------------------
    October 31    1,842 0.146 0.022 5,412.0   793.0 85.3  41,908 11.00  4,610
    -------------------------------------------------------------------------
    November 30   2,603 0.167 0.027 8,725.4 1,408.8 83.8  60,433 12.10  7,312
    -------------------------------------------------------------------------
    December 31   1,974 0.161 0.034 6,393.9 1,445.4 77.4  45,502 10.87  4,946
    -------------------------------------------------------------------------
    1943
    -------------------------------------------------------------------------
    January 31    2,174 0.109 0.035 4,763.0 1,507.7 68.3  53,103  6.10  3,239
    -------------------------------------------------------------------------
    February 28     915 0.103 0.036 1,891.7   659.8 65.1  34,051  3.60  1,226
    -------------------------------------------------------------------------
    July 31         131 0.110 0.038   302.8    99.4 67.0   3,641  5.58    203
    -------------------------------------------------------------------------
    TOTAL        16,895                                  363,615 10.41 37,835
    -------------------------------------------------------------------------
                 ------                                  --------------------

    * Source: Daily and Accumulative Mill Report, Monarch Greenback LLC
        historical records
    

Based on whole rock chemical analyses conducted by ACZ Laboratories in 2004, 106 samples taken from the Monarch and Idaho Pits areas and dump sites returned an average of 114.4 parts per million (ppm) or 0.0114% tungsten (W) with the highest anomaly at 279 parts per million (ppm) (0.0279%) and the lowest at 2.3 ppm (0.00023%). In 1990, the Company had two thin sections of DH-386 examined for mineralogy and analyzed by Skyline Labs, Inc. for tungsten (W). One of the thin sections contained greater than 10,000 ppm (1.0%) tungsten (W). The other thin section had 160 ppm (0.016%) tungsten (W).

The data presented in this news release is historical in nature, predates National Instrument 43-101 enforcements and has not been reviewed by a qualified person compliant with NI 43-101. Historical production does not guarantee future production or the discovery of a resource. However the Company believes that these historical results provide an indication of the Atlanta Project's tungsten potential and are relevant to ongoing exploration.

Elemental tungsten ("W") is sold on the world market as tungsten concentrate ("WO3"), currently at a price of approximately US$10.00 per kilogram (US$4.54 per pound) of concentrate with a minimum of 65% WO3. Tungsten is a hard, corrosive-resistant element with the highest melting point of all non-alloyed metals. It is used in high-temperature structural materials and many electronic applications for a wide variety of products ranging from jet turbine engines and high-speed cutting tools to electronic circuitry and surgical instruments. China is now the world's largest producer and consumer of tungsten.

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.

About the Company

Atlanta Gold Inc. (NEX: ATG.H) holds through its 100% owned subsidiary, Atlanta Gold Corporation, a 100% interest in the Atlanta property which comprises approximately 2,197 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.

    
    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE 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; 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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