ATW Gold Corp.

ATW Gold Corp.

June 01, 2009 16:45 ET

ATW Gold Corp.: $10 Million (USD) Loan and Production Marketing Agreement Closed With Red Kite

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2009) - ATW Gold Corp. (TSX VENTURE:ATW) ("ATW" or "the Company"), is pleased to report that further to the Company announcement on May 21, 2009, it has closed the USD $10,000,000 loan and Production Marketing agreement with Red Kite Exploration Fund Limited, part of the Red Kite family of funds. Proceeds of the loan are being used to increase production at Burnakura, for exploration to increase resources and reserves at Burnakura and for general working capital.

Casimir Capital LP, acting as agent in respect of the Red Kite transactions (the "Agent"), receives a commission of 6% on the funds raised under the Loan and 500,000 agent's warrants, each warrant exercisable for one common share of ATW at a price of $0.80 per share until June 1, 2011.

Graham Harris, Chairman of ATW Gold Corp. commented, "ATW is pleased to have completed this arrangement with Red Kite Exploration Fund Limited. This capital provides us with the ability to expedite production and mine life increase at Burnakura in a non-dilutive manner. We anticipate updating shareholders on our expansion progress shortly."


Graham Harris, Chairman and Director

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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