November 30, 2007 – ATAC Resources Ltd. (TSX-V:ATC) is pleased to announce that it has entered into an agreement with Klondike Silver Corp. and an arm’s-length prospector, Ralph Nordling, which grants ATAC and Klondike Silver the optional right to collectively earn up to a 100% interest in Mr. Nordling’s Mag claims located in the Sixtymile River area of west-central Yukon.
The Mag claims are road accessible and directly adjoin the CN and NC claims (Connaught property), which are owned by ATAC and are under option to Klondike Silver. The Mag claims host silver-lead veins similar to veins discovered on the Connaught property.
Under terms of the agreement, ATAC and Klondike Silver can each earn up to a 50% interest in the Mag claims by paying Mr. Nordling a total of $53,500 and issuing him a total of 237,500 of their respective common shares, on or before December 21, 2010. If either ATAC or Klondike Silver decides to discontinue earn-in, the other party has the optional right to earn the discontinuing party’s interest by taking over all of the discontinuing party’s obligations. Any production from the Mag claims is subject to a royalty interest payable to Mr. Nordling. The terms of the royalty interest depend upon how mineralization is treated prior to smelting.
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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