ATW Options 70% of Gullewa Copper-Gold Project for AUD$9 Million

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/20/10 -- ATW Gold Corp. (TSX VENTURE: ATW), ('ATW' or 'the Company') is pleased to announce that its subsidiary, ATW Gold Corp. Australia PTY Ltd. ('ATW Australia') has entered into an agreement (the 'Agreement') with Mutiny Gold Ltd. ('Mutiny') whereby Mutiny may earn an interest in ATW Australia's Gullewa Gold Project in Western Australia (the 'Gullewa Project').

Gullewa is located 450 kilometres north of Perth, in the Yalgoo mineral fields of Western Australia. Gullewa is a 550 sq kilometre property that hosts several gold deposits of various size and grade, the most significant being the Deflector gold-copper deposit, which contains the following resources as disclosed in Table 3.1 to the NI 43-101 Technical Report on the Gullewa Gold-Copper Project dated June 13, 2008 as filed on SEDAR on June 18, 2008:

---------------------------------------------------------------------
                                Au      Ag      Cu    AuEq       AuEq
Category           Tonnes     (g/t)   (g/t)     (%)   (g/t)       (oz)
---------------------------------------------------------------------
Measured          535,000     3.87    8.03    1.18    6.81    117,000
Indicated       1,169,000     4.32    6.34    0.96    6.72    252,000
Measured and
 Indicated      1,704,000     4.18    6.87    1.03    6.75    369,000
Inferred        1,616,000     6.50    3.41    0.48    7.71    400,000
---------------------------------------------------------------------

Mining infrastructure assets at Gullewa include a 800 tonne per day CIL plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

ATW Australia's interest in the Gullewa Project was originally acquired from Batavia Mining Ltd. under the terms of an agreement (the 'Underlying Agreement') dated April 18, 2008 as amended.

The Agreement, dated July 20, 2010, calls for Mutiny to earn a 70% interest in and to the Gullewa project by making exploration expenditures and paying to ATW Australia a total of AUD$9,000,000 as follows:

1. By making the following cash payments (the 'Cash Payments'):

(i) payment to ATW Australia of AUD$1.5 million on or before September 24, 2010,; and

(ii) payment to ATW Australia of AUD$1.5million (plus applicable interest payable under clause 2 of the Underlying Agreement) to ATW Australia on or before January 24, 2011; and

(iii) payment to ATW Australia of AUD$4.0million on or before July 24, 2011; and

(iv) payment to ATW Australia of AUD$2.0 million on or before October 31, 2011; and

2. By paying all exploration and development expenditures on the Gullewa Project until October 31, 2011.

The Agreement calls for ATW Australia to use the Cash Payments primarily to keep the Underlying Agreement in good standing.

Upon earning a 70% interest in the Gullewa Project, Mutiny may elect to enter into a 70/30 joint venture agreement with the Company or it may acquire a further 30% interest by completing a positive feasibility study on the Gullewa Project and by paying to ATW an additional AUD$4,000,000. If it so elects, then it will have acquired the Gullewa Project 100% and ATW Australia will retain a 10% net profit interest.

In the event that Mutiny meets all of its obligations under 1. and 2. above except for the payment of the AUD$2.0million in 1(iii) it may elect (on or before October 1, 2011) to enter into a 50/50 joint venture agreement with the Company.

The Agreement calls for Mutiny to pay an AUD$250,000 non-refundable deposit upon signing of the Agreement. The deposit will be credited towards the initial cash payment in 1(i) above.

The Agreement is subject to its acceptance by the TSX-Venture Exchange.

'ATW is pleased to be working on the Gullewa Project with Mutiny Gold,' says Brent Butler, ATW's President, 'We feel Mutiny Gold is the best option to bring Gullewa into commercial production. Shareholders of ATW will be able to participate in any future cash flows at Gullewa with no dilution to ATW's current capital structure. This Agreement, combined with the recent sale of Burnakura, leaves ATW completely debt free. We will now focus on utilizing our current resources to source new acquisitions.'

ABOUT MUTINY GOLD: Mutiny Gold Ltd is a public company that listed on the Australian Securities Exchange (ASX) in July 2006. The Company's focus is on the development of its gold, nickel and copper tenements in Western Australia.

This news release has been reviewed by Brent Butler, a Qualified Person as that term is defined in NI 43-101.

ATW Gold Corp.

Brent Butler, President & CEO

'This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.'

'Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.'

Contacts:

ATW Gold Corp.

Investor Relations

(604) 662-8184 or Toll Free: 1-877-662-8184

(604) 602-1606 (FAX)
investor@atwgold.com
www.atwgold.com