ATAC Resources Ltd.

ATAC Resources Ltd.

February 25, 2011 18:55 ET

ATAC Resources Ltd. Announces Closing of $25 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2011) -


ATAC Resources Ltd. ("ATAC" or the "Company") (TSX VENTURE:ATC) is pleased to announce the closing of the $25 million private placement announced on February 8, 2011, consisting of the sale of 3,333,333 flow-through shares at a price of $7.50 per share.

In connection with the closing of this private placement, ATAC has issued the following securities in payment of finders' fees:

  1. 56,250 common shares; and
  2. 166,367 finders' warrants, each entitling the holder to purchase one common share at a price of $7.75 until August 22, 2012.

All of the securities issued in connection with the closing of this private placement, including the securities issued in payment of finders' fees, are subject to a hold period in Canada until June 23, 2011.

The proceeds from this private placement will be used to continue exploration on ATAC's wholly-owned Rau Gold Project in the Keno Hill District of central Yukon.

ATAC is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold discovery at its 100% owned, Rau Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at

Graham Downs, CEO

ATAC Resources Ltd.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

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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