Government will Continue to Focus on Nova Scotians’ Priorities During Spring Sitting

Premier’s Office

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
March 27, 2014

The government will focus on fulfilling its commitments to the people of Nova Scotia during the spring sitting of the legislature. The first session of the 62nd general assembly resumed today, March 27.

Key priorities will include making power rates more fair by eliminating the efficiency tax from Nova Scotians’ power bills, modernizing the apprenticeship program to enhance the skilled workforce and bringing accountability and transparency to economic development to ensure the private sector is leading the way in creating jobs in Nova Scotia.

“We promised that Nova Scotians’ concerns would come first, and that means respecting their hard-earned dollars, looking after those in our society who are vulnerable, and shifting direction so businesses can grow and prosper in our province,” said Premier Stephen McNeil.

During the spring sitting government will inject money into education; take steps to reduce red tape, eliminating unnecessary regulations and economic hurdles; lay the groundwork for streamlining the health-care system; and introduce a strategy for sexual assault victims.

Finance Minister Diana Whalen will introduce the government’s first budget Thursday, April 3.

“It’s no secret we are facing a tough economic reality in this province and the budget will reflect those challenges, but it will protect the priorities of Nova Scotians,” said Premier McNeil.

The government’s legislative agenda for the spring sitting is listed below. Please note it is subject to change:
— Apprenticeship and Trades Qualifications Act (amended)
and Community Colleges Act (amended)
— Canada-NS Offshore Petroleum Accord Implementation (NS) Act (amended)
— Cemetery and Funeral Services Act (amended)
and Embalmers and Funeral Directors Act (amended)
— Dental Act (amended)
— Direct Sellers’ Regulation Act (amended)
— Electricity Efficiency and Conservation Restructuring (2014) Act
— Efficiency Nova Scotia Corporation Act (amended)
— Fair Registration Practices Act (amended)
— Financial Measures (2014) Act
— Forestry Agreement Statutes Repeal (2014) Act
— Liquor Control Act (amended)
— Maintenance and Custody Act (amended)
— Motor Vehicle Act (amended)
— Municipal Government Act (amended)
— Notaries and Commissioners Act (amended)
— Oil Refineries and LNG Plants Municipal Taxation Act (amended)
— Property Valuation Services Corporation Act (amended)
— Public Highways Act (amended)
— Public Trustee Act (amended)
— Securities Act (amended)

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Media Contact: Laurel Munroe
Premier’s Office
Cell: 902-222-0473
E-mail: munroela@gov.ns.ca

NT3