Spur Ventures Inc.

Shareholders of Atlantic Gold Approve Scheme of Arrangement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2014) - Spur Ventures Inc. (TSX VENTURE:SVU) (OTCBB:SPVEF) ("Spur") is pleased to announce that Atlantic Gold NL ABN 82 062 091 909 (ASX:ATV) ("Atlantic") has released an announcement to the Australian Securities Exchange ("ASX") noting that shareholders of Atlantic have voted in favour of the proposed merger of Atlantic and Spur by way of a scheme of arrangement under Part 5.1 of the Australian Corporations Act 2001 (Cth) ("Scheme"), under which Spur will acquire all the fully paid and partly paid ordinary shares on issue in Atlantic.

Atlantic has confirmed that the shareholders of Atlantic approved the Scheme at the meeting of Atlantic shareholders held on July 31, 2014 (Sydney time) by the requisite majorities.

The Scheme remains subject to final approval of the Federal Court of Australia at a hearing scheduled to take place on August 6, 2014 at 2.30pm (Sydney time), as well as the final approval of the ASX and the TSX Venture Exchange ("TSX-V").

Spur has received conditional approval from the ASX for Spur to be admitted to the official list of the ASX under the code "AGB" and for the quotation of the CHESS depository interests ("CDIs") in respect of Spur common shares ("Spur Shares") and share purchase warrants in respect of unissued Spur common shares ("Spur Warrants") to be issued to Atlantic shareholders under the Scheme. The CDIs are expected to begin trading on a deferred settlement basis on August 8, 2014 (Sydney time) and on a normal settlement basis on August 22, 2014 (Sydney time), following the expected implementation date of the Scheme being August 21, 2014 (Sydney time). In addition, the quotation of the Spur Shares and Spur Warrants to be issued to Atlantic shareholders under the Scheme has been conditionally approved by the TSX-V. The Spur Shares and Spur Warrants are expected to begin trading on the TSX-V on August 21, 2014 (Toronto time).

The announcement by Atlantic with the detailed voting results is available for review on Atlantic's website (www.atlanticgold.com.au), as well as on the ASX's website (www.asx.com.au) under Atlantic's profile (ATV).

About Atlantic

Atlantic is an ASX listed company focused on the exploration and development of the Touquoy project (which is at an advanced stage and has all major permits in place) and the Cochrane Hill project (which is at an earlier stage of development) located within the Meguma Terrane in the province of Nova Scotia. The Meguma Terrane is host to a historic gold region which has been largely underexplored using modern exploration techniques over the last 20 years and remains highly prospective for new discoveries, in particular in respect of larger shale hosted disseminated, near surface mineable deposits, characteristics shown in work done to date on the Touquoy project.