Atlanta Gold Provides Update on Exploration Program at its Atlanta Project in Idaho

TORONTO, July 8, 2011 /CNW/ --
TORONTO, July 8, 2011 /CNW/ - Atlanta Gold Inc. (TSXV: ATG) announces that it mobilized three drill rigs and crews in June and that
its 2011 exploration program is well underway at its Atlanta Gold
Project currently in development near Atlanta, Idaho. The targets for
this phase of drilling are the three principal gold zones at the
Monarch, Idaho and East Extension areas. Assay results from the first
8,000 feet (2,438 metres) of core drilling are pending and are expected
by the end of July.

The objectives of the Company's 2011 program are to upgrade the
confidence category of resources defined during previous drill
campaigns, increase the known resource and further refine the
geological model. Subject to the availability of financing, the Company
expects to extend the mineralized system, complete in-fill and
definition drilling in preparation for an updated Block Model by the
fall and an updated NI 43-101 resource estimate by the year-end.

Exploration work to date has demonstrated the presence of a significant
gold mineralized system. All previously drilled intermediate depth
holes (to a vertical depth of 1,000 to 2,000 feet (305 to 610 metres)
below the surface) have intercepted epithermal style mineralization
across attractive widths.

Qualified Person


Information of a technical nature in this news release regarding the
Atlanta gold project has been reviewed by William (Bill) L. Josey who
is a designated 'Qualified Person' under NI 43-101. Mr. Josey is a
registered professional geologist in the State of Arizona.

Atlanta Gold Inc. (TSXV: ATG) holds through its 100% owned subsidiary, Atlanta Gold Corporation,
leases, options or ownership interests in its Atlanta properties which
comprise approximately 874 hectares located 60 air miles (90 air
kilometres) north east of Boise, in Elmore County, Idaho. A long
history of mining makes Atlanta very suitable for development of new
mining projects. The Company is focused on advancing its core asset,
Atlanta, towards mine development and production.

Forward-Looking Information


This news release contains forward-looking information and
forward-looking statements (collectively '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', 'intend', 'will', 'should', 'anticipate',
'plan', 'expect', 'believe', 'estimate' and similar terminology to
identify forward-looking statements, including with respect to the time
to obtain assay results and the extent of the  exploration program to
be completed in 2011.  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. These assumptions include those concerning the availability of adequate
financing, the ability to achieve operating cost estimates and the
accuracy of our resource estimates and the geological, metallurgical
and price assumptions upon which the estimates are based.
Forward-looking statements involve 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 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,
insufficient funding or delays in raising additional financing on
satisfactory terms; the speculative nature of mineral exploration,
development  and mining (including uncertainties with respect to the
interpretation of geology, continuity, size and grade estimates and
recoverability of mineral reserves and resources); operational and
technical difficulties which could increase operating and/or capital
costs; risks and hazards associated with the business of mineral
exploration, development and mining, including environmental hazards,
changes in laws or regulations and the risk of obtaining necessary
licenses and permits; fluctuations in resource prices and in currency
exchange rates; changes in general economic conditions and in the
financial markets; as well as other risks and uncertainties which are
more fully described in the Company's 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. Should one or more risks and uncertainties materialize or should any
assumptions prove incorrect, then actual results could vary materially
from those expressed or implied in the forward-looking statements and
accordingly, readers should not place undue reliance on those
statements.

Readers are cautioned that the foregoing lists of risks, uncertainties,
assumptions 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 statements contained herein or in any other
documents filed with securities regulatory authorities, whether as a
result of new information, future events or otherwise, except in
accordance with applicable securities laws.

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.

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