Atlas Minerals Inc.

Atlas Minerals Inc.

December 28, 2007 17:13 ET

Atlas Minerals Completes $1,931,000 Equity Financing

CALGARY, ALBERTA--(Marketwire - Dec. 28, 2007) - Atlas Minerals Inc. (TSX VENTURE:AMR): Mr. Barry Herring, President of Atlas Minerals Inc. (the Company), is pleased to announce the completion of the previously announced offering by way of a short form offering document (the "SFOD"). A total of 2,970,923 units were sold for gross proceeds of $1,931,100.

The Company intends to use the net proceeds of the offering to fund the drilling and exploration program at its principal property, Tres Chorerras in Equador, as well as for general corporate purposes.

The Company's agent was Canaccord Capital Corporation (the "Agent"). The Agent was paid a cash commission equal to 8% of the gross proceeds and issued warrants to purchase an additional 273,674 units at $0.65 until December 28th, 2009.

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