Atlas Minerals Inc.

Atlas Minerals Inc.

December 13, 2007 11:49 ET

Atlas Minerals Announces Commencement of Drilling and Aggressive Exploration Program

CALGARY, ALBERTA--(Marketwire - Dec. 13, 2007) - Atlas Minerals Inc. (TSX VENTURE:AMR): Mr. Barry Herring, President of Atlas Minerals Inc. (the Company) is pleased to announce the commencement of a Phase 1 exploration program on its Tres Chorreras Mo-Cu-Au-Ag property in Ecuador. The Company has received Government approval of the Company's advanced exploration Environmental Impact Assessment study, and as a result, the Company will commence exploration diamond drilling, extensive geochemical sampling and geophysical surveys on the Tres Chorreras concession starting December 19, 2007.

A surface diamond drill has been secured from Mountain Valley Perforaciones SA of Cuenca, Ecuador to carry out an initial 6000 metre surface diamond drilling program. The purposes of the diamond drill program will be to delineate Tres Chorreras' strike length and vertical extent, to confirm the findings of a 1994 drilling program which is referred to in the Tres Chorreras NI 43-101 report dated August 22, 2007 and to collect detailed information for a NI 43-101 compliant resource calculation.

Additional diamond drilling will be carried out locally on the concession testing several gold-silver epithermal zones which have been confirmed and which are summarized in the aforementioned NI 43-101 report. The mineralized epithermal zones were only partially tested by two diamond drill holes in 1994, one of which returned results of 56 metres grading 1.0 g/t Au and 4.4 g/t Ag, and 2 metres grading 7.8 g/t Au and 29.2 g/t Ag. Grades reported from additional underground sampling include 22.8 metres averaging 10.7 g/t Au and 21.3 g/t Ag.

The mineralization noted at surface in the form of hydrothermal breccias and spatially related epithermal style mineralization indicates a potential heat source at depth from which the mineralization was generated. Therefore, several additional diamond drill holes will be collared to search for subsurface large tonnage porphyry style mineralization which is commonly associated with breccias and epithermal emplacement.

Two air powered underground drilling rigs with a range of 50 to 70 metres have been recently purchased. These drills will be used to complement an aggressive underground geochemical sampling program and the surface diamond drilling program with the ultimate purpose to collect detailed information for a NI 43-101 compliant resource calculation.

Concurrently with the surface diamond drilling program, the Company will be conducting a field program that will include grid work, geologic mapping, geochemical sampling, and magnetic and induced polarization geophysical surveys. This field work will aid in defining new drilling targets at our high priority areas; Tres Chorreras (3C zone), the epithermal zone, and the potential deep porphyry mineralization target. Preliminary metallurgical testing of the 3C zone mineralization will also be initiated.

Don Allen VP Exploration and Director Atlas Minerals Inc. stated "This represents a milestone in the history of our Company in that we are proceeding with an exploration and drilling program that will provide the information required to complete the first calculated resource on the Tres-Chorreras concession. We are anticipating an exciting 2008 with continuous news flow for our shareholders".

Don Allen P.Eng. (BC) is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved this news release for public disclosure.

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 Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information