Atlanta Gold Inc. to terminate U.S. registration and SEC reporting obligations

Atlanta Gold Inc. officials plan to end public trading in the U.S. Board members said the delisting is aimed at decreasing the paperwork on administration. Atlanta Gold holdings include 2,081 acres of land in Elmore County, about 65 miles east of Boise which it is investing in the reopening of gold mining claims in that region. Company officials most recently met with the U.S. Forest Service and environmentalists to discuss a plan to explore an old mine tunnel located on private land near Atlanta as part of opening the underground gold mine.

According to a release, the company’s board of directors decided to terminate the registration to reduce the administrative workload and costs associated with meeting specific SEC reporting requirements required under the Exchange Act, which are in addition to the company's reporting obligations under Canadian law. This deregistration will not affect the company's business strategy in the United States nor its commitment to high standards of corporate governance and financial reporting.

Upon the filing of the Form 15F, the company’s reporting obligations under the Exchange Act will be suspended immediately and will terminate after 90 days of the filing, barring any objections from the SEC.

Atlanta Gold Inc. holds through its 100 percent owned subsidiary, Atlanta Gold Corporation, a 100 percent interest in the Atlanta property which comprises 2,081 acres and is located 65 miles east of Boise, in Elmore County, Idaho. A long history of mining makes Atlanta very suitable for the development of new mining projects.

The company is focused on advancing its core asset, Atlanta, towards mine development and production and on acquiring, exploring and developing other attractive gold projects.

Before the Forest Service will issue a permit, it wants Atlanta Gold to pay a bond to ensure these costs of water treatment will be covered if the company were to leave. Environmentalists want a larger, permanent bond, while the company seeks a smaller bond that would only cover the 18-month exploration period.