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Twin Mining Completes $4.29 Million Financing For Atlanta Gold Project

Toronto, Ontario - Twin Mining Corporation (TSX: TWG) announced that it has completed a private placement offering of 37,313,045 common shares at a price of $0.115 per share for aggregate gross proceeds of $4,291,000.  Members of the Board of Directors of Twin Mining purchased in aggregate, $350,000 of the offering. Twin Mining will use the net proceeds of the offering to advance its Atlanta Gold project located in Idaho, U.S.A. and for working capital purposes.  Twin may complete additional tranches of the placement on the same terms for additional gross proceeds of up to $792,000 on or before October 6, 2006.

Fort House Inc. acted as Twin Mining’s sole agent on the offering and received a cash commission equal to 5% of gross proceeds and compensation options equal to 4% of the number of shares sold, with each option entitling the holder to purchase one common share at $0.13 per share for a period of 12 months. 

* Twin Mining's 43-101 on the Jackson Inlet Project (Brodeur Diamond Project), Nunavut and other public
documents are available at www.sedar.com or at the Company's website : www.twinmining.com