April 10, 2008 — ATAC Resources Ltd. (TSX-V:ATC) is pleased to announce that it has entered into an option agreement with Yankee Hat Minerals Ltd. concerning the Wau property, which comprises the eastern half of the Company’s Rau property located in north-central Yukon. The Wau property will be aggressively explored for tungsten in 2008 by Yankee Hat, while ATAC explores the remainder of the Rau property for gold. Yankee Hat is an emerging, tungsten focused mineral exploration company that is currently assembling early- and advanced-stage tungsten properties in northwestern Canada.
Under terms of the agreement, Yankee Hat has the optional right to earn a 51% interest in the Wau property. To earn an initial 50% interest, Yankee Hat must issue a total of 6,666,666 of its common shares to ATAC and make work expenditures totalling $2,000,000 over a three year period. Following earn-in, Yankee Hat will have the optional right to earn a further 1% interest in the property by making a $1,000,000 cash payment by December 31, 2011.
Graham Downs states “We are very excited to have Yankee Hat exploring the Wau property because it will evaluate the highly perspective tungsten targets, while ATAC remains focused on precious metals. ATAC has an aggressive drilling program scheduled for the Rau property, which will test a highly anomalous, 600 by 300 m gold-in-soil anomaly that was discovered in 2007”.
For further information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC’s website at www.atacresources.com or contact:
Graham Downs, CEO
ATAC Resources Ltd.
ATAC RESOURCES LTD.
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