March 18, 2010 — ATAC Resources Ltd. (TSX-V:ATC) announces that the closing price of its shares has been $1.40 or greater for the ten (10) consecutive trading days ended March 17, 2010. Accordingly, any of the 4,552,936 share purchase warrants issued on November 26, 2009 and December 8, 2009 in connection with the closing of a private placement, none of which have yet been exercised (including warrants issued to various finders) will now be subject to an accelerated exercise term, such that the holders of these warrants will have until the close of business on April 19, 2010 within which to exercise these warrants, following which they will expire. (A total of 3,969,444 of these warrants are exercisable at $1.25 per share, with the remaining 583,492 warrants being exercisable at $0.95 per share.)
For additional information concerning ATAC Resources Ltd., please visit ATAC’s website at www.atacresources.com.
On behalf of the board,
Graham Downs, CEO
ATAC Resources Ltd.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward looking statement based on assumptions and judgements of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.