Atna Resources Advances Towards Merging With Canyon Resources



    VANCOUVER, Jan. 23 /CNW/ - Atna Resources Ltd. ("Atna" - TSX:ATN)
announces that its Registration Statement filed on Form F-4, which contains
the joint proxy statement/prospectus relating to merging with Canyon Resources
Corp. ("Canyon" - AMEX:  CAU) first announced on November 19, 2007, has been
declared effective by the United States Securities and Exchange Commission
("SEC").
    Canyon anticipates that it will commence mailing the proxy statement in
relation to the proposed transaction on January 25, 2008 to stockholders of
record as of January 18, 2008. A special meeting of the stockholders of Canyon
will be held on March 6, 2008 at the Table Mountain Inn, 1310 Washington
Avenue, Golden, Colorado, to vote on the proposed transaction. Atna
anticipates the closing of the transaction shortly thereafter.
    On November 16, 2007 Atna and Canyon entered into an agreement and plan
of merger whereby Atna will acquire all of the issued and outstanding shares
of common stock of Canyon. After the transaction, Canyon will become a wholly
owned subsidiary of Atna. Canyon's Board of Directors has recommended that
stockholders vote to approve and adopt the agreement and plan of merger. The
management and board of Atna believe that the transaction significantly
benefits all the shareholders of the combined entity because:

    
    -   The merger is an important step in the growth of Atna's gold asset
        portfolio

    -   The transaction creates a multi-million ounce gold company highly
        leveraged to gold price.

    -   Near term production from Briggs and Reward will complement Pinson
        development

    -   There is strong upside potential from the combined portfolio of
        exploration properties

    -   The transaction will allow the combined entity to focus on gold in
        the western US

    -   The combined entity creates a financially strong platform for growth
        and an exceptional management team
    

    Atna's Outlook

    Atna is building a successful gold exploration, development and mining
enterprise in the Western United States. In combination with Canyon, the
company will have a diverse portfolio of assets including development ready
gold projects in California and Nevada with near-term production and
significant potential to increase the defined resource. In addition, the
combined company will own a portfolio of early to advanced exploration
projects in Nevada, California, Montana, Wyoming, Canada, and Chile. Many of
these projects are joint ventured to quality partners, spreading Atna's risk
and leveraging its opportunities. The combined company also will have a
significant portfolio of precious metal mining royalties. The company has an
experienced team and a well rounded, independent Board, committed to the
success of the company. Atna will continue to grow through development of its
advanced projects, exploration, and new acquisitions. The combination of Atna
and Canyon will trade on the Toronto Stock Exchange under the symbol TSX:ATN
and in the US on the Pink Sheets as ATNAF.

    Forward Looking Statements

    This press release contains forward-looking statements, including
statements regarding the timing of the special meeting of stockholders and
closing of the merger that involve known and unknown risks, uncertainties and
other factors that may cause actual outcomes to differ materially from
outcomes express or implied by this press release. Such risk factors include,
among others that the matters submitted for stockholder approval at the
special meeting of stockholders may not be approved. Actual results may differ
materially from those contained in the forward-looking statements in this
press release. Additional information concerning these and other risk factors
is contained in the Risk Factors section of the Form F-4 filed with the SEC on
January 17, 2008, and from time to time in Atna's other reports filed with the
SEC.

    Additional Information and Where to Find It

    In connection with the merger between Atna and Canyon, on January 17,
2008, Atna filed with the SEC a registration statement on Form F-4, which
contains a joint proxy statement/prospectus and other relevant materials.
INVESTORS AND SECURITY HOLDERS OF CANYON ARE URGED TO READ THE JOINT PROXY
STATEMENT/PROSPECTUS AND THE OTHER RELEVANT MATERIALS BECAUSE THEY CONTAIN
IMPORTANT INFORMATION ABOUT ATNA, CANYON AND THE MERGER. The joint proxy
statement/prospectus and other relevant materials and any other documents
filed by Atna with the SEC, may be obtained free of charge at the SEC's web
site at www.sec.gov. In addition, investors and security holders may obtain
free copies of the documents filed by Atna with the SEC by directing a request
to: Atna Resources Ltd., 510 - 510 Burrard Street, Vancouver, B.C., Canada
V6C 3A8, attention: Kendra Johnston.
    Canyon and Atna and their respective directors and executive officers and
other members of management and employees may be deemed to be participants in
the solicitation of proxies in respect of the merger. Investors and security
holders may obtain detailed information regarding the direct and indirect
interests of these respective executive officers and directors in the merger
by reading the joint proxy statement/prospectus regarding the merger.




For further information:

For further information: Atna Resources Ltd., Kendra Johnston, Investor
Relations Manager & Geologist, Tel: (604) 684-2285, kjohnston@atna.com

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Atna Resources Ltd.

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