ATW Venture Corp.

ATW Venture Corp.

January 21, 2008 09:00 ET

Retransmission-ATW Venture Corp.: Resource Expansion Drilling Begins at the Burnakura Gold Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2008) - ATW Venture Corp. (TSX VENTURE:ATW)(FRANKFURT:A3N) ("ATW" or "the Company") is pleased to announce that it has contracted the services of Murchison Exploration to carry out a minimum 5000 meter RC drill program at the Company's Burnakura gold mine in Western Australia. The Burnakura Project is comprised of 58.8 square kilometres of mining leases and prospecting licenses that covers a 12 kilometre long shear zone (Burnakura Shear Zone) with an associated mesothermal gold system.

The primary focus of the drill program is to increase current resources, as identified in an ATW news release dated January 17, 2008, by drilling along the 1500 metre (m) strike length from the underground workings at NOA 2, north toward the NOA 7-8 open cut. Intercepts from previous drilling in the area include:

- 7 metres @ 17.3 grams per tonne (gpt) gold

- 3 metres @ 42.6 gpt gold

- 5 metres @ 9.11 gpt gold

Additional drilling will target a high grade zone beneath the New Alliance Pit, 3 kilometers south of NOA 2, where previous drilling returned an intersection of 17.4 meters grading 19.7 gpt gold.

Since acquiring the Burnakura asset, ATW has been actively preparing to refurbish the plant and mill, in preparation to re-commence processing operations in the 2nd quarter of 2008. ATW has engaged consultants to identify potential improvements to the crusher and mill to improve plant efficiency. These options will be assessed and work will begin refurbishing the crusher and mill immediately.

While there are several areas at Burnakura that can potentially contribute to production, the underground workings along the NOA 2 decline will be brought to producing status in the shortest time frame.

Production numbers of the previous operators, from the NOA 2 underground workings, until the cessation of mining activities in December 2006, indicate the average grade of gold recovered was 7.1 gpt. Engineering firms Ravensgate and Orelogy, of Perth, Australia, writers of the Company's 43-101 compliant technical report on Burnakura, have independently calculated a current measured and indicated resource at NOA 2 of 236,946 tonnes grading 8.28 gpt gold. Upon completion of plant refurbishment, ATW plans to begin operating the mill at its daily capacity of approximately 450 tonnes per day, utilizing material from this resource. Investors are cautioned that a feasibility study has not been completed on Burnakura and there is no certainty the proposed operations will be economically viable.

In preparation to re-commence mining activities from the underground development along the NOA2 decline, ATW has reached an agreement with the previous operators to purchase certain mining equipment required for underground operations. This equipment includes rolling stock items such as loaders, cranes, pumps, sub-surface ventilation, lighting and communication systems.

"This is an exciting opportunity for ATW," says Brent Butler, President and CEO. "Re-commissioning of the Burnakura Gold Mine is progressing rapidly and we are on track to becoming a junior gold producer in 2008."

In addition to its activities at Burnakura, management's long term plans are to acquire and consolidate additional gold production assets in Western Australia.

Brent Butler, President and CEO of ATW Venture Corp. is the qualified person under National Instrument 43-101 and has reviewed the contents of this news release.


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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