VANCOUVER, Feb. 21 /CNW Telbec/ - Atomic Minerals Ltd. (ATL: TSX-V) is
pleased to announce that it has received the approval of the TSX Venture
Exchange (the "Exchange") to the acquisition of the Tanzanian land package
described in our news release dated January 28, 2008. In addition to the terms
of the letter of intent between Atomic and Geo Can Resources Company Ltd.
("Geo Can"), the Exchange has also approved both a Technical Report pursuant
to National Instrument 43-101 which was prepared on a portion of the Tanzanian
package (filed on SEDAR on January 30, 2008) and a title opinion covering the
entire land package which was prepared by Atomic's lawyers in Tanzania.
Atomic and Geo Can are currently finalizing the terms of a definitive
option agreement governing the acquisition and exploration of the Tanzanian
About Atomic Minerals
Atomic has a letter of intent with Geo Can Resources Company Ltd. ("Geo
Can") to enter into an option agreement to earn the right to acquire up to a
100% interest in a land package totalling approximately 3800 square kilometres
located in the United Republic of Tanzania (the "Property"). The Property is
located in south-western Tanzania and is considered to be part of the "Malawi
Extension" based on the location of the Property relative to blocks earmarked
as potentially favourable for uranium enrichment. The Malawi Extension,
located in the Republic of Malawi on south-west border of Tanzania, hosts the
Kayelekera deposit which Paladin Resources is currently developing into a
mine. Other mining companies exploring in the area include Mantra Resources
and Western Metals (both in Tanzania).
Atomic Minerals Ltd. also holds leases over a total of 932 mining claims
located in both Dolores and San Miguel counties in southwestern Colorado,
approximately 30 miles from Denison Mine Corp's White Mesa Mill. The Company
also holds a letter of intent to option a 90% interest in a further
1585 mining claims in Dolores County. Atomic holds leases over an additional
272 mining claims located in the northern part of Colorado in Grand County.
President and Chief Executive Officer
Atomic Minerals Ltd.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
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