NEWS RELEASE

Atlanta Gold Inc. to Complete $5.6 Million Private Placement

Toronto, Ontario – Atlanta Gold Inc. (TSX: ATG) – announces that it intends to complete a non-brokered private placement for gross proceeds of up to C$5.6 million, consisting of up to 9,180,330 common shares at a price of C$0.61 per share, of which C$4,507,058 has today been completed.  The Company will use the proceeds from the offering to implement the Company’s new strategy for development of its Atlanta gold project previously announced on January 18, 2008 and for working capital purposes.

Insiders of the Company have subscribed for 31% (C$1,740,700) of the placement. In accordance with the requirements of the Toronto Stock Exchange, completion of C$600,000 (983,607 shares) of the total amount subscribed for by insiders will, be subject to disinterested shareholder approval at the Annual and Special Meeting of Shareholders to be held on April 24, 2008.

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 involves 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. 

For further information contact:

Bill Baird

President and CEO                                                                                     

Telephone: (416) 777-0013; Fax: (416) 777-0014

E-mail: info@atgoldinc.com