March 20, 2008 — ATAC Resources Ltd. (TSX-V: ATC) is pleased to announce that it has entered into option agreements with three separate companies to farm out three of its properties, all located in Yukon Territory. The option agreements for the Arn, Hartless Joe and Rosy properties are with private companies that are preparing for initial public offerings.
Terms for all three agreements are identical. Each agreement grants the optionee the right to earn a 50% interest in the respective property by making cash payments totalling $185,000, issuing a total of 2,000,000 of its shares to ATAC and completing a total of $800,000 in work expenditures, all over a three year period. Following earn-in, joint ventures will be formed to explore the respective properties. ATAC will be operator so long as it maintains at least a 50% interest in each property.
ATAC is a well funded junior mining company focussed on discovering gold and silver deposits in mining-friendly western Canada. Its business model entails acquiring quality prospects, advancing them to drill stage and then attracting strong partners to move them toward production.
For information concerning ATAC or its properties please visit www.atacresources.com or contact Graham Downs at 604-687-2522.
ATAC RESOURCES LTD.
Graham Downs, CEO
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