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News Releases

ATAC Resources Ltd. Reports New Assays Further Confirming Gold Potential at the Rau Yukon Gold Discovery

August 18, 2008

August 18, 2008 — ATAC Resources Ltd. (TSX-V:ATC) is very pleased to announce additional gold assays from diamond drilling at its wholly owned Rau property in the Keno Hill district of central Yukon. The new assays are highly significant because they comprise intervals that are comparable in length to the interval in the discovery hole (Rau-08-02) but substantially exceed its grade of 1.237 g/t gold over 68.69 m (see ATAC news release dated August 6, 2008). Weighted average results for intervals in four more holes are tabulated below.

Hole #

From (m)

Interval (m)

Interval (ft)

Gold (g/t)

Gold (opt)

























* Rau-08-03 encountered mineralization directly beneath talus cover and ended in mineralization. Rau-08-06 also entered mineralization directly beneath talus cover. These holes do not appear to have crossed the entire width of the mineralized zone.

All of the intersections are hosted in Cambrian to Devonian age dolomite on the outer fringe of a hydrothermal system that surrounds a high-level, Late Cretaceous granitic intrusion. The mineralization is stratabound and is localized in an anticlinal fold. All of the holes, except Rau-08-03 are on the northern limb of the fold, where the rocks are mostly unoxidized and contain pyrite, arsenopyrite and pyrrhotite with minor scheelite and bismuthinite. Core recovery was excellent in all of these holes. Rau-08-03 was drilled into the southern limb of the fold and encountered decomposed limonite and occasional boxwork limonite, which are devoid of sulphide minerals. Recovery was poor in this hole; therefore the reported grade should not be relied upon. Rau-08-03 was collared 86 m southwest of the discovery hole and was drilled back toward it. The other holes were all drilled parallel to the discovery hole with Rau-08-04 collared 32 m to the northeast, Rau-08-05 68 m to the southeast and Rau-08-06 121 m to the northwest. A drill hole location map is available at ATAC’s website — www.atacresources.com.

Drilling has now traced the zone for a length of about 500 m along the north limb of the anticline. Although the zone remains open to extension in both directions, the mineralization in the holes furthest to the southeast is somewhat different in character. It is proportionally richer in pyrrhotite and is hosted in a 30 m thick, intensely silicified horizon. Rau-08-06 is still the furthest hole to the northwest. Drilling to test across the anticline has mostly been done on one section line. Four holes on this section line, near the anticlinal axis (Rau-08-02, 03, 07 and 08), are all well mineralized but two holes drilled about 80 m further from the axis exhibit only weak mineralization. Rau-08-11, which was drilled about 70 m downdip from Rau-08-05, is visually very similar to it and is currently being sawn for display purposes. A total of fifteen holes have now been completed and all but three holes have reportedly cut strong mineralization in the target unit.
Diamond drilling at the Rau property is expected to continue into early September. The holes will continue to step out away from the known mineralization in order to locate approximate limits of the zone and to identify major mineralizing controls. ATAC anticipates that the next batch of drill core assays will be available for release in late September or October.

All analyses referred to in this news release were performed at ALS Chemex in North Vancouver, BC. The samples were collected and handled in ways that ensure security, including chain of custody procedures. Blank and standard samples were randomly included in every batch of 20 core samples. Gold analyses involved fire assay followed by inductively coupled plasma with either atomic emission spectroscopy or atomic absorption spectroscopy. Analyses for other elements on drill core were done by inductively coupled plasma combined with either mass spectroscopy or atomic emission spectroscopy.

The technical information in this news release has been reviewed by Robert C. Carne, M.Sc., P.Geol., a qualified person for the purpose of National Instrument 43-101.

For additional information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC’s website at www.atacresources.com or contact:

Graham Downs, CEO
ATAC Resources Ltd.


Forward Looking Statements

This document may contain “forward-looking statements” within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and the Company does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect management’s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.