Atomic Minerals Ltd.

Atomic Minerals Ltd.

March 02, 2007 11:10 ET

Atomic Announces Exchange Approval of 43-101 Report for Dolores Anticline

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 2, 2007) - Atomic Minerals Ltd. ("Atomic" or the "Company") (TSX VENTURE:ATL.P)(FRANKFURT:MJ7) is very pleased to announce that it has received final approval from the TSX Venture Exchange (the "Exchange") for the technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 for the mineral claims on the Dolores Anticline in Colorado, U.S.A. (the "Claims"). The Claims are presently leased to 0754257 B.C. Ltd. (the "Target"), which Atomic proposes to acquire as its Qualifying Transaction (as such term is defined in the policies of the TSX Venture Exchange (the "Exchange"), which was announced in the Company's news release dated January 22, 2007.

The Technical Report, which will be available shortly under Atomic's public company documents on www.sedar.com, describes the Claims in detail along with a review of historical exploration work done. The Technical Report also sets out in detail the two-part, USD$2.4 million dollar exploration program recommended by the author of the Technical Report, Dr. Cady Johnson, Ph.D.

With the approval of the Technical Report, the Company can now proceed with completion and filing of its filing statement and other materials describing the Qualifying Transaction with the Exchange. The Company is also proceeding with the $6 million private placement announced February 16, 2007. The proceeds of this private placement will be used to complete the Qualifying Transaction and to fund the Target's uranium exploration program for both the Claims and the Grand County Claims, also located in Colorado, U.S.A.

Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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