Atlanta Gold completes purchase of 5.58-acre site in Boise Idaho

TORONTO, Aug. 9, 2011 /CNW/ --
TORONTO, Aug. 9, 2011 /CNW/ - Atlanta Gold Inc. (TSXV: ATG) (OTCQX: ATLDF) announces that, under the terms previously announced in its news
release dated April 20, 2011, the Company's wholly-owned subsidiary,
Atlanta Gold Corporation has completed the purchase of a 5.58-acre
property in Boise, Idaho. The Company issued 2,066,829 common shares in
part payment of the purchase price and such shares are subject to a
four month statutory hold period.

'Acquired on favourable terms, this new property has excellent highway
and rail access and will be developed as a corporate office, warehouse,
training centre, truck depot, marshaling yard, service centre and the
turnaround for goods going to and from the Atlanta Mine,' said Bill
Baird, President and CEO of the Company.

'Management has taken steps to prepare for production at Atlanta, as
opportunities present themselves. This approach has provided
significant savings on substantial purchases of buildings and
equipment, which have been completed well ahead of schedule. Advanced
preparations for the construction and operational phases are drawing
near as we continue to exceed our annual resource growth targets
through exploration, and continue to make significant steps towards our
goal to build and open the Atlanta Mine for gold and silver production
by 2014.'

About the Company


Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation,
leases, options or ownership interests in its Atlanta properties which
comprise approximately 2,159 acres (8.74 square kilometres) 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
expected use of the property, the construction and operation of a mine
at the Atlanta Project and the timing thereof .  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 accuracy of our resource estimates and of the
geological, metallurgical and price assumptions on which those
estimates are based and the ability to achieve operating cost
estimates. 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.

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(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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