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ATAC Resources Ltd. Announces Closing of C$1M Flow-Through Private Placement

Press Release

November 15, 2022 – Vancouver, B.C. – ATAC Resources Ltd. (“ATAC”) (TSX-V:ATC, OTCQB:ATADF) is pleased to announce that it has closed a non-brokered private placement consisting of the sale of 11,111,111 “flow-through shares” at a price of $0.09 per share, for total subscription proceeds of $1,000,000.

“This financing provides us with additional reserves cash reserves heading into 2023, which could continue to be a challenging gold market,” commented ATAC’s President and CEO, Graham Downs. “Utilizing flow-through dollars for exploration will allow us to conserve our hard dollar reserves. With a strong cash position, we look forward to continuing to advance our copper and gold assets through systematic exploration next season.”

The Company paid a finder’s fee of $60,000 to Mine Equities Ltd., an exempt market dealer.  All of the securities issued pursuant to this private placement are subject to a hold period in Canada until March 16, 2023.

About ATAC

ATAC is a Canadian exploration company focused on exploring for gold and copper in Yukon, BC and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Deposit Indicated Resource of 732,000 oz of gold at 4.12 g/t (in 5.5 Mt) and Inferred Resource of 1,044,000 oz of gold at 3.47 g/t (in 9.4 Mt), the Tiger Deposit Measured & Indicated Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of $118.2M and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $5 million in working capital.

On behalf of ATAC Resources Ltd.

Graham Downs, President and CEO

For further information, please contact:

Andrew Carne, M.Eng., P.Eng., VP Corporate and Project Development
ATAC Resources Ltd.
T: 604-688-0111 ext. 106

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