August 11, 2022 – Vancouver, BC – ATAC Resources Ltd. (“ATAC”) (TSX-V:ATC, OTCQB:ATADF) announces that all items of business were approved by the shareholders at its 2022 Annual & Special General Meeting held on August 10, 2022.
All incumbent director nominees were re-elected and Graham Downs was elected to the board of directors for the first time. Douglas Goss, ATAC’s former Director and Chairman, did not seek re-election in order to focus on other business interests.
“On behalf of ATAC, I would like to extend a special thank you to Doug for his longstanding commitment to the company, having been a director since 2000,” stated ATAC’s President and CEO, Graham Downs. “Doug’s guidance and commitment to strong corporate and fiscal governance throughout the years have been invaluable. We wish Doug continued success in his current and future endeavors.”
Following the meeting, the directors elected Robert Carne as Chairman of the Board. Mr. Carne has been a board member since ATAC’s inception and is the former President of the company. Mr. Carne also chairs ATAC’s Technical Committee and sits on the Compensation Committee.
“I am excited to step into the role of ATAC’s Chairman at a time when we have significant discovery potential at numerous copper and gold projects. ATAC has an experienced and efficient team, is well financed and has a balanced pipeline of projects that I believe will generate value for our shareholders.”
About ATAC
ATAC is a Canadian exploration company focused on exploring for gold and copper in Yukon, BC and Nevada. Work on its ~1,700 km2 Rackla Gold Property in Yukon has resulted in the Osiris Deposit Indicated Resource of 732,000 oz of gold at 4.12 g/t (in 5.5 Mt) and Inferred Resource of 1,044,000 oz of gold at 3.47 g/t (in 9.4 Mt), the Tiger Deposit Measured & Indicated Resource of 464,000 oz of gold at an average grade of 3.19 g/t (in 4.5 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit (Pre-tax NPV of $118.2M and IRR of 54.5%), and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $7.5 million in working capital.
The technical information in this news release has been approved by Andrew Carne, M.Eng., P.Eng., VP Corporate & Project Development for ATAC and a qualified person for the purposes of National Instrument 43-101.
On behalf of ATAC Resources Ltd.
Graham Downs, President and CEO
For further information, please contact:
Andrew Carne, M.Eng., P.Eng., VP Corporate and Project Development
ATAC Resources Ltd.
T: 604-688-0111 ext. 106
acarne@atacresources.com
