June 7, 2007 – ATAC Resources Ltd. (TSX-V: ATC) (“ATAC”) is pleased to announce that it has negotiated a $1,000,000 private placement with Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”), to consist of 2,857,143 units at a price of $0.35 per unit. Each unit will consist of one flow-through share and one non-transferable share purchase warrant, with each warrant to entitle Strategic to purchase one additional flow-through share at a price of $0.35 for a period of one year from closing.
The proceeds from this private placement, which is subject to regulatory acceptance, will be used to finance ongoing exploration programs on ATAC’s mineral properties.
For additional information concerning ATAC Resources Ltd. or its various exploration projects please contact:
Graham Downs, CEO
ATAC Resources Ltd.
ATAC RESOURCES LTD.
Per: Robert C. Carne, President
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