Atlas Minerals Inc.

Atlas Minerals Inc.

April 21, 2008 08:30 ET

Atlas Update on Ecuador Mining Mandate

CALGARY, ALBERTA--(Marketwire - April 21, 2008) - Atlas Minerals Inc. ("the Company" or "Atlas") (TSX VENTURE:AMR) announces that a Mining Mandate passed by the Constituent Assembly of Ecuador has created confusion over the status of the Company's mining concessions in Ecuador. At this time a full and complete assessment of this new law has not been completed by the Company's Ecuadorian counsel and it is also uncertain if any amendments will be made to the law. Further news will be issued once the Company has additional information of how the new law will impact its holdings in Ecuador.

About Atlas Minerals Inc.

Atlas Minerals is a new publicly 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.

TSXV: "AMR" - Close: $0.23

Shares outstanding: 29,236,036

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

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