NEWS RELEASE

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

 ATLANTA GOLD ANNOUNCES ADDITIONAL DRILL RESULTS FROM ITS 2008 SURFACE EXPLORATION PROGRAM AT ITS ATLANTA PROPERTY IN IDAHO

Toronto, Ontario – Atlanta Gold Inc. (TSX: ATG) announces additional results from 19 drill holes in its 2008 surface diamond core drilling program at its Atlanta project (“Atlanta”) in Idaho. Composite assay results greater than 0.10 ounces of gold per ton (3.43 grams per tonne) are shown in the table below.

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

The 15,000-foot definition drilling program to delineate resources in the East Extension area and to confirm the bottom of the East Monarch Mini Pit has been completed. The results of this program will be included in an updated resource estimate which is currently in progress. As reported in the Company’s Management Discussion and Analysis for the third quarter of 2008, based on a compilation of geological and geochemical data to June 30, 2007, the Company has outlined approximately 390,200 Measured and Indicated ounces or 436,600 equivalent ounces (including silver resources as a gold equivalent).  In 2009 the Company intends to continue a second phase of 10,250 feet of infill drilling in the East Extension area which is east of the Monarch area. Confirmation holes in the West Monarch and East Idaho Mini Pits will also be drilled in the 2009 drilling season.

 Drilling to date has extended the length of the Atlanta Shear Zone by 42% from 8,000 to 11,400 feet (2.4 to 3.5 kilometers) and the zone remains open to the east and west. The majority of the current resources are located between the surface and the 6,400-foot elevation (a vertical depth of 800 feet from the top of Atlanta Hill). A number of deeper holes indicate that the zone also continues to depth, including the deepest hole which is at a vertical depth of 2,111 feet below surface.

 Deep potential for the property is indicated by core hole R8713W272 which penetrated 9.5 feet grading 1.709 opt (58.60 gpt) gold at a depth of 1,187.5 feet and core hole 91R13W400 which intersected 2.9 feet grading 0.541 opt (18.55 gpt) gold and 1.0 foot grading 0.659 opt (22.59 gpt) gold.  These intercepts are located at depths of 1,390.1 feet and 1,522.5 feet respectively. Hole R8713W272 was drilled on behalf of the Company in 1987 and hole 91R13W400 was drilled on behalf of Newmont Mining in 1991, prior to National Instrument 43-101.  While the quality and accuracy of these historical assays cannot currently be verified, it is believed that they indicate potential for higher grade mineralization at depth and are relevant to ongoing exploration. Assay results are discussed in the Technical Report which is available on SEDAR at www.sedar.com and on the Company's website at www.atgoldinc.com.

 Surface exploration drilling to date has identified several excellent exploration targets. A follow-up surface drilling program is planned for 2009 to determine the extent of these targets.  

 Several drill holes intersected underground workings which were previously mined, providing a better understanding of historical mining structures.  Deep levels of the resource make excellent drilling targets for resource expansion, especially by using underground mining methods. A follow-up work program consisting of underground diamond drilling to determine vein continuity, and to locate areas of undeveloped gold-bearing zones outside historic mine workings is planned for 2009.

 A table showing the 2008 surface drilling results to date as well as additional information on Atlanta will be available on the Company's website at http://www.atgoldinc.com. A table showing the assays from the 19 additional drill holes in the 2008 surface drilling program is provided below.

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

(1)Includes 5.0 feet of 0.380 opt (13.028 gpt) Au
(2)Includes 2.0 feet of 0.101 opt (3.463 gpt) Au
(3) Includes 5.0 feet of 0.1925 opt (6.600 gpt) Au
(4) Includes 5.0 feet of 0.300 opt (10.286 gpt) Au  Includes 50 feet of 0.216 opt (7.406 gpt) Au
(5) Includes 5.0 feet of 0.341 opt (11.691 gpt) Au

 As previously announced, the Company has changed its mining strategy from bulk mining and cyanide heap leaching, to a combined shallow open-pit and underground operation with an on-site milling facility with no cyanide circuit. This new mining strategy will produce both a gravity concentrate and a precious metal rich sulphide concentrate to be custom smelted. It will also reduce the environmental footprint by 95% and increase expected metal recovery rates from 63% to 90%. 

Qualified Person

The Atlanta drill program is 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.

 Quality Control and Assurance

Drill 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, and American Assay Laboratories, Inc. (“AAL”), in Sparks, Nevada.  AAL is a well known international lab that has operated in Nevada for more than 20 years. Samples were 30-gram fire assays of whole NQ-sized core (1⅞ inches in diameter), and reverse circulation cuttings. 

 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 approximately 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 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.

 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, including in respect of our exploration plans for 2009 . 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 information form on 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 securities regulatory authorities, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. 

For further information contact:

Atlanta Gold Inc.
Bill Baird
President and CEO               
Telephone: (416) 777-0013; Fax: (416) 777-0014
E-mail: info@atgoldinc.com