Atlas Minerals Inc.

Atlas Minerals Inc.

January 09, 2008 13:20 ET

Atlas Minerals Announces That Warrants Are to Begin Trading

CALGARY, ALBERTA--(Marketwire - Jan. 9, 2008) - Atlas Minerals Inc. (TSX VENTURE:AMR): Barry Herring, President of Atlas Minerals Inc. ("Atlas Minerals") is pleased to announce the commencement of trading effective at the opening of the TSX Venture Exchange (the "Exchange") on Wednesday, January 9, 2008 of 1,485,461 common share purchase warrants of Atlas Minerals that were issued pursuant to the Atlas Mineral's Short Form Offering Document dated December 13, 2007. Each warrant entitles the holder to purchase one common share of Atlas Minerals at a price of $1.00 per share and will expire on Thursday, December 28, 2009.

Atlas Minerals is also in the process of applying to the Exchange for listing on the Exchange of its outstanding warrants exercisable at USD $0.60. Such listing, if accepted by the Exchange, will be subject to the satisfaction by Atlas Minerals of all requirements of the Exchange. A further press release regarding the listing of the USD $0.60 warrants will be issued in due course.

The previously announced private placement, which was to be placed along with the Short Form Offering Document, will not move forward at this time due to prevailing market conditions.

Atlas Minerals is a new publically held mineral exploration company incorporated in Canada with an attractive land package in Ecuador. Atlas Minerals is committed to maximizing shareholder value through our exploration efforts, to improving the social and economic atmosphere for local communities and to protecting the environment by adhering to industry best practice. Our goal is prosperity for all.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This press release concerns certain "forward-looking statements," including but not limited to, the statements regarding the Company's strategic plan, work programs and exploration budgets at the Company's Tres Chorreras. The forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with industry risks, risks associated with foreign operations, environmental risks and hazards and other risks.

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

Contact Information