ATLANTA GOLD INC. ANNOUNCES FURTHER DRILL RESULTS FROM
THE EAST EXTENSION ZONE AT ITS ATLANTA PROPERTY IN IDAHO

Toronto, Ontario – Atlanta Gold Inc. (TSX: ATG) announces results from the most recent five drill holes in its surface diamond core drilling program at its Atlanta property (“Atlanta”) in Elmore County, Idaho. The exploration program is testing areas outside of the current Idaho and Monarch open-pit designs. 

All data received from the 2007 surface drilling program to date is from the East Extension Zone.  Drilling of this zone was designed to evaluate the potential for a near-surface expansion of the Monarch Pit and drilling in this area was completed by the end of October.  While some assays from this zone are still pending, data received to date indicates an expansion of the Monarch Pit eastward is likely.  Geological modeling and resource estimation will be undertaken after the current phase of the program is completed.

 Drill results in the East Extension Zone were expected to yield grades that would be potentially open-pit (“OP”) mineable and suitable for heap-leach (“HL”) processing.  Actual results from this drilling appear to meet the targeted OP+HL criteria but further engineering studies will be required. The attached table includes selected assay data from the most recent five holes in this zone received since the Company’s news release of September 24, 2007.

 Two high-grade intercepts in this near-surface zone greatly exceeded expectations. A high-grade hole completed by the Company in the same area in 1987, prior to implementation of CSA NI 43-101 guidelines, is tabled separately below, with the two new intercepts.  These assays are significantly higher than the average grade of the resource and reserve estimates, and they indicate the presence of a high-grade vein within the Atlanta Shear or in a splay vein off of the Shear. 

*True widths are estimates based on current available data and may be subject to change.

 Management believes that these high-grade intercepts may be an extension of the historic Central Ore Shoot mined by underground methods prior to 1940.  Similar grades were encountered in the 900 Adit underground drilling program undertaken by the Company in 1997.  The 1997 intercepts were 700 vertical feet below the new intercepts, and were geologically interpreted to be the same ore zone, identified as the Deep Central Ore Shoot.

 A Longitudinal Section of the Atlanta Shear Zone - Facing North illustrating the above interpretation and the possible connection from the Deep Central Ore Shoot to these recent high-grade intercepts near surface can be viewed at http://www.atgoldinc.com Drilling density at depth is still inadequate in the 700-foot vertical space (the “New Target Zone #2”) between the bottom of the East Extension Zone and the Deep Central Ore Shoot.  However, the indications of a significant mineralized zone are sufficient to warrant future exploration of “New Target Zone #2”.

 An immediate impact of New Target Zone #2 relates to the Environmental Impact Statement (“EIS”) permitting for the OP+ HL project at Atlanta.  The intercepts in the East Extension drilling, with both open-pit grades and potential underground grades, indicate that the Pettit Waste Dump previously proposed in the EIS should be relocated, to preserve the mining potential of the East Extension.

 Surveyed parameters for the location of the five drill holes reported are shown below.

*Northing and Easting coordinates in feet are based on a local Mine Grid.

 A table showing the 2007 surface drilling results to date as well as additional information on Atlanta is available on the Company's website at http://www.atgoldinc.com

 Quality Control and Assurance

Drill core samples were handled and assayed in accordance with NI 43-101 standards.  Assaying was done by Chris Christopherson, Inc., an Umpire laboratory for major mining companies, which is based in Kellogg, Idaho.  Samples were 30-gram fire assays of whole NQ-sized core (1⅞ inches in diameter). 

 Qualified Person

The Atlanta drill program was managed and supervised by William L. (Bill) Josey, the Company’s Chief Geologist and designated “Qualified Person” under NI 43-101. Mr. Josey is a registered professional geologist in the State of Arizona. Information of a technical nature in this news release regarding Atlanta has been reviewed by Mr. Josey.

 About the Company

Atlanta Gold Inc. (TSX: ATG) holds through its 100% owned subsidiary, Atlanta Gold Corporation, a 100% interest in the Atlanta property which comprises 1,891 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.  Atlanta was historically mined from at least 24 underground adits when the gold price was US$20 - $35 per ounce. 

 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.

 Forward-Looking Information

This news release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. We use words such as “may”, “will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate” and similar terminology to identify forward looking information and statements. Such are based upon assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward looking information and statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward looking information and statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include, but are not limited to, the speculative nature of mineral exploration, development and mining (including with respect to size, grade and recoverability of mineral reserves and resources); operational and technical difficulties; risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards; government action or delays in the receipt of governmental approvals, permits and licenses; changes in resource prices and fluctuations in currency exchange rates; the Company’s limited financial resources and the availability of financing alternatives; contests to the title of Company property and changes in general economic conditions or conditions in the financial markets; as well as other risks and uncertainties which are more fully described in the Company’s annual Form 20-F, annual and quarterly Management’s Discussion and Analysis and in other Company filings with securities and regulatory authorities which are available at www.sedar.com.

 Readers are cautioned that the foregoing lists of risks, uncertainties and other factors are not exhaustive.  The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information or statements contained herein or in any other documents filed with Canadian and U.S. securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.