ATW Venture Corp.

ATW Venture Corp.

May 01, 2008 09:00 ET

ATW Initiates Gravity Survey on 750 Km2 Gullewa Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - ATW Venture Corp. (TSX VENTURE:ATW)(FRANKFURT:A3N) ("ATW" or "the Company") is pleased to announce that a geophysical gravity survey has been initiated at the company's 100% owned Gullewa Project. The Gullewa Project, in the Murchison Province of Western Australia, consists of five exploration licenses and mining leases covering historic mining areas, forming a contiguous block of approximately 750 km2 prospective for gold, iron and base metals.

As part of the Definitive Agreement, $300,000 AUD has been advanced to Batavia to fund the completion of the geophysical gravity survey. The survey will aid in delineating additional drill targets for the company's recently announced 15,000 meter drill program.

The Deflection gold copper deposit was discovered through a combination of magnetics and gravity survey. The Company's program will target the 86 km2 northern area known as Greater Deflector and the 167 km2 southern area that covers the southern limb of the Gullewa greenstone belt known as Southern Deflector. The survey will be run on a 400m by 80m grid spacing. An infill gravity survey program will be run on a 200m by 40m grid spacing over the areas surrounding the Deflector and Brandy Hill gold copper deposits. It is expected that the survey will be completed by the end of May.

"ATW is looking forward to the results of this program," says Brent Butler, President and CEO of ATW Venture Corp. "The gravity survey coupled with the magnetic surveys will greatly enhance our understanding of the projects geology and has the potential to lead to the discovery of additional Deflector style deposits."

In addition, ATW Venture Corp. is pleased to announce that Jasvir Kaloti, the Company's corporate secretary, has been appointed as the Company's CFO effective immediately. Ms. Kaloti has worked with the Company since its inception. She has over 14 years of experience in the finance industry. In the last 5 years she has worked as a consultant to publically traded mineral exploration companies. Ms. Kaloti completed her BBA from Simon Fraser University in 1993.

The contents of this news release have been reviewed by Brent Butler who is a qualified person as defined by National Instrument 43-101.


Brent Butler, President & CEO

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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