Ellegrove Capital Ltd.

October 13, 2006 20:26 ET

Ellegrove Capital Ltd.: Press Release

ST. MICHAEL, BARBADOS--(CCNMatthews - Oct. 13, 2006) - Ellegrove Capital Ltd. ("Ellegrove"), a Barbados resident company, through a joint actor, announces that it has acquired 5,000,000 common shares of Atacama Minerals Corp. ("AAM"). The shares were acquired through the facilities of the TSX Venture Exchange, Vancouver.

As a result of this acquisition, Ellegrove together with its joint actors, hold as at the date hereof, an aggregate of 20,842,724 common shares which aggregate holdings represent approximately 18.32% of the issued and outstanding shares of AAM.

Ellegrove and its joint actors acquired the securities of AAM for investment purposes only and not for the purpose of influencing control or direction over AAM. Ellegrove and its joint actors will, however, review its holdings in AAM from time to time and may increase or decrease its position as future circumstances dictate.

Ellegrove is owned by a trust whose settlor is the late Mr. Adolf H. Lundin.

ELLEGROVE CAPITAL LTD.

Authorized Representative

Contact Information

  • Ellegrove Capital Ltd.
    Aksel Azrac
    +41 22 708 33 13