ATW Gold Corp.: Corporate Update
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/03/10 -- ATW Gold Corp. (TSX VENTURE: ATW) ('ATW' or 'the Company') is pleased to provide investors and shareholders with an update on the Company's activities.
As previously announced in the Company news release dated July 20, 2010, ATW has entered into an agreement (the 'Agreement') with Mutiny Gold Limited (ASX: MYG) ('Mutiny' or 'Mutiny Gold')., whereby Mutiny can earn a 70% interest in the Gullewa Gold Project in Western Australia, by making exploration expenditures and paying to ATW Australia a total of AUD$9,000,000. As per the agreement, ATW received a non-refundable deposit in the amount of AUD$250,000 on July 20, 2010.
On July 26, 2010 ATW Gold Corp. made a payment in the amount of AUD$1,500,000 AUD to Batavia Mining Limited ('Batavia') for the Gullewa Gold Project under the terms of an agreement (the 'Underlying Agreement') dated April 18, 2008 as amended January 22, 2009 and June 30, 2009 respectively.
On July 27, 2010 the Company received conditional acceptance from the TSX Venture Exchange for the Agreement with Mutiny Gold. Final TSX approval of the Agreement is subject to shareholder approval. The Annual General and Special Meeting of shareholders is scheduled for August 26, 2010 at 10:00 am PST. Shareholder meeting material can be found on SEDAR (www.SEDAR.com).
ABOUT MUTINY GOLD: Mutiny Gold Ltd is a public company listed on the Australian Securities Exchange (ASX) under the trading symbol (MYG). Mutiny's focus is on the development of its gold, nickel and copper tenements in Western Australia. Mutiny Gold plans to focus its efforts in the initial phase on the Deflector Deposit with the objective of completing a bankable feasibility study and commencing mining operations at the existing Deflector Pit.
The Company also announces that Mr. Brian Morrison has been appointed to the Board of Directors of ATW Gold Corp effective July 30, 2010. Mr. Morrison has a Bachelor of Commerce degree from the University of Northern British Columbia. Mr. Morrison has been a consultant to the Company for the past 2 years and was formerly a manager at a national transfer agent. He has extensive experience with publicly traded companies. He is also a Director of Alberta Star Development Corp.
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