ATAC Resources Ltd. raises $6.8 Million through Flow-Through Private Placement

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

March 27, 2014 — Vancouver, B.C. — ATAC Resources Ltd. (“ATAC” or the “Company”) (TSX-V: ATC) is pleased to announce that it has closed the flow-through private placement through a syndicate of agents led by Macquarie Capital Markets Canada Ltd. and including Raymond James Ltd. and Axemen Resource Capital Ltd., as previously announced on March 13, 2014.

The private placement consisted of the sale by the Company of 3,781,441 flow-through units (“Units”) at a price of $1.80 per Unit, for aggregate subscription proceeds of approximately $6,806,593. Each Unit consisted of one flow-through common share and one-half (1/2) of one non-flow-through common share purchase warrant, with each whole warrant entitling the holder to purchase one common share at a price of $2.70 until March 27, 2015, provided that the warrants are subject to an acceleration clause that will require their exercise within 30 calendar days of notice from the Company in the event the Company’s shares as traded on the TSX Venture Exchange close at a price higher than $3.75 for a period of 10 consecutive trading days subsequent to the expiry of the applicable four month hold period.

The proceeds from the private placement will be used by the Company for exploration at its Rackla Gold Project located in Yukon, Canada, with the proceeds raised from the portion of the offering price allocated to the flow-through common shares to be used by the Company to incur Canadian exploration expenses (as defined in the Income Tax Act (Canada)) on its Rackla Gold Project.

All of the securities issued pursuant to the private placement are subject to a hold period in Canada which will expire on July 28, 2014. Commissions totaling $408,395.63 were paid to the syndicate in connection with the private placement.

About ATAC

ATAC Resources Ltd. is a Yukon-based exploration company focused on developing Canada’s only Carlin-type gold district at its 100% owned Rackla Gold Project. Recent exploration on the 1,700 sq/km project has resulted in the delineation of the Tiger Gold Deposit, drilling of multiple high-grade Carlin-type gold zones and the identification of over 40 early-stage gold exploration targets. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-positioned with over $25 million in its treasury.

On behalf of Management and the Board of Directors
of ATAC Resources Ltd.

Graham Downs, CEO

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by mean of a prospectus containing detailed information about the company and management, as well as financial statements.

For further information, please contact:

Vanessa Pickering, Manager, Corporate Communications
ATAC Resources Ltd.
T: 604-687-2522 ext. 260
vpickering@atacresources.com

NT3