ATAC Pike Property Update

March 28th, 2003

Further to ATAC’s March 7, 2003 News Release, W. Douglas Eaton, President, announces that due to the current capital markets, ATAC is renegotiating its agreement with War Eagle Mining Company Inc., pursuant to which ATAC will be entitled to earn a 40% interest in the Pike gold property, subject to regulatory acceptance. Further details will be released shortly.

For investor information please contact Tom Corcoran, Corporate Communications Manager at 604-688-2568, toll free at 1-866-886-2568 or email: tom@nordacres.com

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