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NEWS RELEASE

Twin Mining Seeks Shareholder Approval for Share Consolidation and Name Change
and Appoints New Director

Toronto, Ontario - Twin Mining Corporation (TSX: TWG) announces that it intends to seek the approval of its shareholders to, among other things, consolidate its shares on the basis of one new common share for every fifteen old common shares and change its name from “Twin Mining Corporation” to "Atlanta Gold Inc." at the Annual and Special Meeting of its Shareholders scheduled to take place at 10:00 a.m. Toronto time on March 22, 2007, at the offices of Lang Michener LLP, BCE Place, Suite 2500, 181 Bay Street, Toronto, Ontario M5J 2T7.  

Completion of the share consolidation and the name change are each subject to shareholder approval and to the approval of the Toronto Stock Exchange. Subject to receipt of all required regulatory and other approvals, it is anticipated that the Company’s common shares will commence trading under the new name and on a consolidated basis on or about March 30, 2007.

 As at December 31, 2006, the Company had an aggregate of 223,360,501 common shares issued and outstanding. After giving effect to the share consolidation, the Company will have an aggregate of 14,890,700 common shares issued and outstanding. Management believes that the share consolidation is necessary to establish a reasonable number of outstanding shares. A lower number of outstanding shares together with a higher market price of the shares should attract increased attention and involvement of the investing public, particularly institutional investors.

 The proposed change in the name of the Company will better reflect its new strategic focus as it streamlines its non-core assets and focuses, through its wholly-owned subsidiary, Atlanta Gold Corporation, on the Atlanta Gold Project located near Atlanta, Idaho.

 The Company also announces the appointment of Mr. Bill Baird to its Board of Directors. Mr. Baird, who was appointed Interim Chief Executive Officer of the Company in August 2006, brings over 20 years of senior experience with a number of mining and exploration companies including 10 years with Teck Cominco Limited.

* 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