ATW Gold Corp.

ATW Gold Corp.

September 22, 2009 19:25 ET

ATW Files Suit for Kinbauri Break Up Fee

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2009) - ATW Gold Corp. (TSX VENTURE:ATW) ("ATW" or "the Company") announces that it has filed, in the Vancouver registry, a statement of claim naming Kinbauri Gold Corp. ("Kinbauri") as defendant (the "Statement of Claim").

The Company entered into a merger agreement with Kinbauri Gold Corp. earlier this year (the "Agreement") and the Agreement was subsequently terminated. The Agreement stated that, under certain circumstances, a break up fee of $1,060,000 (the "Fee") would be payable by Kinbauri to the Company.

The Company believes that Kinbauri is liable to pay the Fee and the Statement of Claim lays out the facts the Company believes supports that conclusion.

Further, the Company reports that Luke Norman has resigned as Director and VP of Corporate Development of ATW Gold Corp. We thank him for his contribution and wish him all the best in his future endeavors.


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."

"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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