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To: Goose94 who wrote (18470)	6/3/2016 8:33:25 AM
From: Andrew~	Read Replies (2) \| Respond to of 203346

AGB-V Atlantic Gold Provides Update With Reclamation Security and Commencement of Earthworks VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 3, 2016) - Atlantic Gold Corporation (TSX VENTURE:AGB) ("Atlantic"or the "Company") is pleased to announce that pursuant to the approved schedule of phased reclamation security (the "Security") in the amount of $10.4 million for its Touquoy Gold Mine ("Touquoy"), as approved by the Nova Scotia Department of Natural Resources ("NSDNR") and Nova Scotia Environment ("NSE") (together, the "Province"), the Company has posted its initial reclamation bond for $3.43 million with the Province. Touquoy is the first deposit to be mined in the Company's Moose River Consolidated Project ("MRC Project"). The Company also announces that it has bound coverage in respect of environmental impairment liability insurance ("EIL Policy") at Touquoy. The Security is a requirement under the Company's Mineral Lease (2011), while the Security and EIL Policy are both required under the Company's Industrial Approval dated March 24, 2014 (the "IA"). A phased approach to providing the Security was agreed in order to allow the Company to provide satisfactory financial security on a progressive basis commensurate with the area disturbed by the activity on the site at any given time. Concurrent with the finalization of the Security and EIL Policy, the Company engaged in clearing and mulching activities in April and May 2016 at Touquoy in order to facilitate earthmoving activities, which commenced June 1, 2016. This earthmoving is required to prepare the site for commencement of construction of the Touquoy plant and related infrastructure. Steven Dean, Chairman and CEO commented, "Atlantic is pleased to have agreed the first instalment of reclamation security with the Province. Atlantic looks forward to completing bulk earthmoving activities in the coming weeks as a preparatory step to the start of physical construction of the Touquoy plant". Further updates will be provided in due course. On behalf of the Board of Directors, Steven Dean, Chairman and Chief Executive Officer Advisors to the Surety Bond Aon Risk Solutions, acting as insurance broker for the Company, was the responsible broker for negotiating the terms of the EIL Policy and the Security.