ATW Ventures - von Anfang an dabeisein - 500 Beiträge pro Seite (Seite 2)

[diamant01]

10,000 Meter Drill Program to Begin at the Gullewa Gold Project

April 27, 2009

ATW Gold Corp (ATW: TSX-V), (“ATW” or the “Company”), is pleased to announce that Boart Longyear has been awarded a contract for 10,000 metres of core drilling at the Company’s wholly owned Gullewa Gold Mine Project (“Gullewa”). The program will commence in the first week of May, using two rigs, operating 24 hours per day.

Gullewa is located 450 kilometres north of Perth , in the Yalgoo mineral fields of Western Australia . The project is 550 square kilometres in size and hosts several gold deposits of various size and grades. The most significant resource is the Deflector gold-copper deposit (“Deflector”), which contains a measured and indicated resource of 369,000 ounces at 6.75 grams per tonne (g/t) gold equivalent (“AuEq”) and an inferred resource of 400,000 ounces at 7.71 g/t AuEq (gold equivalent ounces, AuEq, are calculated using the ratio 1% copper = 2.5 g/t gold and a cut-off grade of 1.0 g/t AuEq). Mining infrastructure assets at Gullewa include an 800 tonne per day CIL plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

Results from the gravity survey completed at Gullewa last fall identified potential length extensions north and south of the current Deflector resource. The gravity survey data was interpreted and analyzed in conjunction with historic magnetic and induced polarization (IP) survey data, as well as drill and geological data with 3D modeling software. Interpretation of the 3D model shows that previous drilling to the south did not penetrate deep enough to test for potential mineralization. To the north, the 3D model suggests a fault offset and a possible northern extension of 1,800 metres that has yet to be drilled. ATW’s resource geologist believes the results of the gravity survey demonstrate excellent opportunity to increase the size of the current resource.

DRILL TARGETS

Target 1: Deflector (south of known mineralization; 900 metres of untested strike length)

The IP survey completed over Deflector in 2006 displays an anomaly which indicates that there is approximately 900 metres of untested strike length to the south and down plunge of the known mineralization. Geophysical data from last year’s gravity survey identifies a gravity high that is coincident with the IP survey anomaly. These areas have not been adequately drill tested, as previous drill holes were not drilled deep enough to test the deposit’s southerly plunge.

Target 2: Deflector (north of known mineralization; 1,800 metres of untested strike length)

The gravity survey completed in 2008 displays displacements in the gravity high that are coincident with known mineralization. These displacements, believed to be caused by faulting are not evident in the historical datasets. This area has had limited work completed and was underexplored by previous operators. Three historic RAB holes were drilled on the edge of the gravity high but were only selectively sampled; thus, are not considered to be definitive.

The area immediately to the north of Deflector's known mineralization has a strike length of 400 metres while the next offset from the gravity high has a strike length of 1,400 metres.

Target 3: Deflector (Inferred resources below Deflector Central and West Open pits

A significant portion of the current NI 43-101 compliant resource at Deflector is classified as inferred and has not been adequately tested at depth. A principal focus of this 10,000 metre drill program will be to upgrade the current inferred resource and to expand the deposit at depth.

In addition, a fourth area, with two near surface targets known as Golden Stream and Tintoretto will also be tested.

Assays will be performed by Genalysis Laboratory Services Pty Ltd in Perth and will be released as they are received.

DEFLECTOR GEOLOGY

The Deflector deposit is hosted by pillowed, variolitic high-magnesium basalts intruded by dacitic porphyry, dolerite and dolerite-lamprophyric dikes. The rocks have been folded into a regional syncline and the deposit sits on the northern limb. Several faults have been mapped and observed in the geophysics that offset the mineralized trends.

The mineralization at Deflector consists of steeply dipping, northeast-trending quartz veins with pyrite, chalcopyrite and pyrrhotite. The veins vary in thickness from one to five metres. The wall rocks tend to be pyritic, and strongly silicified with quartz stockworks. The strike length of the known mineralization is approximately 930 metres.

Brent Butler, Chief Executive Officer and President, commented: "This is the first time the Deflector deposit has been drill tested since interpretation of magnetic, gravity, IP, geological and drill data in a 3D model. This 3D model demonstrates compelling evidence to suggest that the Deflector deposit is not limited to its current size."

Brent Butler, President and CEO of ATW Gold Corp. is the qualified person under National Instrument 43-101 and has reviewed the contents of this news release.

The Company would also like to report the grant of 1,388,000 incentive stock options to certain directors, officers, employees and consultants of the Company at a price of $0.70 per common share, exercisable for a 5 year period.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW Gold Corp.

“ Brent Butler ”

Brent Butler

President & CEO

[Tsuba]

Antwort auf Beitrag Nr.: 37.050.943 von diamant01 am 28.04.09 08:09:29

Lüsterne Zwerge


Production At Burnakura Increasing – Drilling At Gullewa Underway

May 13, 2009

Vancouver, BC –
ATW Gold Corp. (ATW: TSX-V) (“ATW” or “the Company”),


is pleased to provide an update on activities and progress at its Burnakura and Gullewa gold mines in Western Australia.

BURNAKURA GOLD MINE

Burnakura began operations March 3rd, 2009 and is currently operating in a wet commissioning phase with good success. To date, ATW has completed seven gold pours resulting in the recovery of over 1500 ounces of gold and minor silver credits. During the past two months, crews have been focused on upgrading and developing the underground workings for increased output from higher grade stopes. As a result of this activity, and other upgrades to the plant, ATW expects to produce approximately 1,800 ounces gold and be cash flow neutral for the month of May. The mine is expected to be cash flow positive in June and achieve full commercial production of 3,000 ounces per month in July.

GULLEWA GOLD PROJECT

The 10,000 metre core drilling program on the deflector deposit at Gullewa commenced on May 11th. Two drill rigs are currently operating 24 hours a day. The current program is designed to confirm existing mineralization, upgrade inferred resources and test potential extensions to the deflector deposit identified by the recent geophysical analysis. For further information on the drill program, a map detailing the 2009 Gullewa Drill Plan, will be posted at www.atwgold.com in the coming days.

On March 11th, ATW announced its intention to deliver an economic assessment on the deflector deposit in 3 months. While company engineers and geologists continue to work models on the existing resource, the completion of the study will be postponed to incorporate results from the current program.

Commenting on Company operations, Brent Butler, President and CEO, stated “I am pleased with the progress at Burnakura and proud of the commitment our employees are making toward continued success. We now look forward to advancing Gullewa.”

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

“Brent Butler”

[wally801]

Antwort auf Beitrag Nr.: 37.167.416 von Tsuba am 13.05.09 18:08:10

das klingt doch super,

die produktion wird von monat zu monat gesteigert! atw liegt im zeitplan, hat gute investoren und baut konstant weiter aus (siehe die news mit dem 10.000m bohrprogramm!)

für die zukunft sehe ich bei ATW alle lichter auf GRÜN und zwar DUNKEL GRÜN!

[vincero]

wann bringen die hier eigentlich ihre Zahlen???
ich sehe keine bericht ezu Y08 bzw. Q1

[diamant01]

ATW Closing $10 Million (Usd) Gold Loan And Production Marketing Agreement - Production Increase At Burnakura

May 21, 2009

Vancouver, BC – ATW Gold Corp. (ATW: TSX-V) (“ATW” or “the Company”), is pleased to announce it is completing a USD $10,000,000 gold loan (the “Loan”) and concurrent Production Marketing agreement with an international metals fund (the “Lender”). Due to various supporting documents being executed in three countries, the closing of the Loan is underway and expected to conclude over the next 24 to 48 hours. Proceeds of the Loan will be used to increase production at Burnakura, for exploration to increase resources and reserves at Burnakura and for general working capital.

The Loan is being extended in three tranches, the first tranche of USD$6,000,000 having been received by ATW. The second tranche of USD$3,000,000 will be made in 18 months, on certain conditions, including the condition ATW is not in default of payments to that date. The third tranche of USD$1,000,000 will be made after 24 months, on the condition ATW is not in default of payments to that date.

Repayment of the Loan will be made by 36 monthly deliveries of 475 ounces of gold from the production at ATW’s Burnakura Mine (the “Payments”). The Lender has been granted options (the “Options”), for 24 months, to purchase an additional 475 ounces of gold per month at an exercise price of USD$1,000 per ounce.

ATW is also entering into a Production Marketing Agreement allowing the Lender, upon notice to ATW, to purchase any excess of production that ATW has from the Burnakura Mine, over and above the Payments and any gold delivered in connection with the exercise of the Options. Gold purchased under the Marketing Agreement will be priced, at the Lender’s choosing, at either the London Gold Market AM Fixing Price or the Comex (1st Position) Settlement Price, less $0.50 per troy ounce, on the day after the Lender is notified by Barclays Bank plc that credit has been posted to a pool account.

Casimir Capital LP, an investment banking firm in New York, acted as agent in respect of the transactions (the “Agent”). The Agent will receive a commission of 6% on the funds raised under the Loan, paid in tranches as the Loan funds are received. As a result, the Agent is receiving $360,000 for the first tranche of the Loan, $180,000 on closing of the second tranche in 18 months and $60,000 on closing of the third tranche in 24 months. In addition, the Agent is being issued 500,000 broker’s warrants, each warrant exercisable for one common share of ATW for a period of two years at an exercise price of $0.80 per share.

The contents of this news release have been reviewed by Brent Butler, President and CEO, who is a qualified person as defined by National Instrument 43-101.

Graham Harris, Chairman of ATW Gold Corp. commented, “ATW Gold Corp is pleased to have entered into this arrangement, the additional capital allows us to expand the plant capacity and increase gold production at Burnakura. We will also be commencing an aggressive drill plan aimed at increasing Burnakura’s current mine life. We trust that our current shareholders will appreciate the non dilutive nature of this financing and the expected increase in cash flow that will result from anticipated increases in production.”

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

“Graham Harris”

Graham Harris
Chairman and Director

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

“This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.”

[diamant01]

$10 Million (USD) Loan And Production Marketing Agreement

June 1, 2009

Vancouver, BC – ATW Gold Corp. (ATW: TSX-V) (“ATW” or “the Company”), is pleased to report that further to the Company announcement on May 21, 2009, it has closed the USD $10,000,000 loan and Production Marketing agreement with Red Kite Exploration Fund Limited, part of the Red Kite family of funds. Proceeds of the loan are being used to increase production at Burnakura, for exploration to increase resources and reserves at Burnakura and for general working capital.

Casimir Capital LP, acting as agent in respect of the Red Kite transactions (the “Agent”), receives a commission of 6% on the funds raised under the Loan and 500,000 agent’s warrants, each warrant exercisable for one common share of ATW at a price of $0.80 per share until June 1, 2011.

Graham Harris, Chairman of ATW Gold Corp. commented, “ATW is pleased to have completed this arrangement with Red Kite Exploration Fund Limited. This capital provides us with the ability to expedite production and mine life increase at Burnakura in a non-dilutive manner. We anticipate updating shareholders on our expansion progress shortly.”

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

“Graham Harris”

Chairman and Director

[diamant01]

ATW Gold - Is That Opportunity Knocking?

From Peter Grandich: Stock, Bond & Precious Metal Markets Worldwide
by Peter Grandich

I spoke with Graham Harris today about the recent activity in ATW Gold (ATW-TSX-V)

The purpose of my discussion was to better understand ATW's recently announced gold loan facility. The market had appeared to have mixed views of the loan - opening up strongly on the announcement with the stock rallying to close 19% higher on heavy volume - followed by two days of capitulation selling pressure which saw the stock lose its prior gains and close several percentage points lower.

Now before I get into detail on this confusing trading pattern, and the pros and cons of the gold loan, I want to summarize ATW - the company as it stands today.

As you all know by now I have been associated with ATW for almost two years. I have always had a strong belief in their management structure, and management defines any successful company.

ATW is what I consider to be reflective of some of the best value out there in the gold sector today. The company has - in the space of 18 months - managed to acquire two gold mines, initiate production at their first mine, Burnakura (and in the process become a revenue generator), raise a combined $35Million on relatively non-dilutive terms and are now advancing their second mine towards production. All this was done in one of the worse financial crisis in the modern era.

The company’s goal is to have both mines in production at a combined production rate of 130,000oz gold per annum - within a relatively short time period. They can achieve this with the sort of capital expenditure requirements that fairy tales are made of - that being incrementally low! Burnakura was acquired, and up and running for under $14 Million within 15 months, and Gullewa should be in production for around $20 Million within 15 months - so a combined capital expenditure of $34 Million to get 130,000oz Au gold production per annum - impressive. In a world of cost over-runs, and cap-ex blowouts, ATW is a very rare breed.

So the common question regarding ATW’s gold loan, and the resulting confusing stock trading pattern over the last few days, is why facilitate a gold loan and raise capital if the company is generating cash-flow from Burnakura now?

As Mr. Harris pointed out, the gold loan makes great sense for the company. Essentially, the company has sold 12% of its monthly production to increase production at Burnakura from 3000 Oz Au per month to 4000 Oz per month. In doing so it increases the net cashflows from the project by 50%. Whereas the gold loan is a 3-year contract, netting the company $10Million, the increase of production and cash-flow is for the life of mine.

Mr. Harris also went on to state that by increasing cash-flow at Burnakura, and also using some of the proceeds from the gold loan to expedite exploration and development programs at Gullewa, ATW should be able to bring the company’s second mine into production within a 15-18 month window as opposed to 3+ years. This, he hopes, will help bolster ATW’s market cap making future developments and acquisitions less expensive as they look to grow the company beyond its current two mine portfolio.

"The confusion sets in when people start looking at us as a hedged gold producer - when the reality is, we are simply utilizing a very small portion of our monthly production from Burnakura to expedite our business plan and generate a much greater production and cash-flow scenario for the company. The net result is increased shareholder value, without the dilution of an equity raise at these levels" Mr. Harris said.

When I think of similar production profiles, the company Minefinders comes to mind. They had a similar production profile to ATW out of the gates, increasing to similar annual production rates in Au Equivalence over the next 12 - 18 months - keeping in mind of course that Minefinders has a substantially higher resource base and production costs are $180 Oz lower, the market cap difference between the two companies is still massive. Minfinders also had a substantially higher cap-ex for development costs at Delores, and the process took almost 15 years from discovery to production.

So ATW has been left in a "damned if you do, damned if you don’t" type scenario. If they continue with small scale production from Burnakura and spend 3+ years developing Gullewa, the market may continue to overlook their combined production profile. Whereas raising capital through a gold loan has upset the investors who strongly believe that gold is in the process of rocketing to record highs.

In my mind, I revert back to the reason I like ATW - good management making good decisions. It’s been nothing short of incredible to witness the growth in such a relative short period of time during the horrific conditions companies of all size and means have had to endure. If adversity creates opportunity, the misguided analogy of this recent gold loan has opened the door for those who understand what the real bottomline is to the latest corporate development

For more information, please contact

ATW Gold Corp.
Investor Relations
604-662-8184 or Toll Free: 1-877-662-8184
604-602-1606 (FAX)
Email: [e-mail]
Website: www.atwgold.com

[wally801]

kann jem den beitrag wirklich gut übersetzen? ich versteh schon einiges, aber dazu ist mein englisch leider nicht gut genug, um die ganze essenz zu erfassen!

vll ein fazit? was sieht er für chancen, was für risiken?
wäre wirklich lieb! vielen dank!

[diamant01]

Burnakura Surpasses 5,000 Ounces Gold Production – Commercial Production Achieved

June 25, 2009

Vancouver, BC – ATW Gold Corp. (ATW: TSX-V) (“ATW” or the “Company”), is pleased to report that it has completed the commissioning phase and achieved commercial production at its wholly owned Burnakura Gold Mine in Western Australia. Since mining and processing operations began on March 3rd, 2009, output has reached the point where this week’s pour results in total recovered gold ounces surpassing the 5,000 ounce mark. Accordingly, effective June 1, 2009, the Company will begin reporting quarterly financial results of operations from the Burnakura Mine.

As a result of Burnakura reaching the first targeted commercial level of 36,000 ounces annually, the planned expansion targeting 50,000 ounces of annual gold production is underway. Simulus Consultants of Perth, Australia, was contracted to complete plant optimization, which began on June 10, 2009.

Simulus is a specialist process engineering consultancy with particular expertise in mine process simulation. The company offers full, multidisciplinary engineering capabilities related to process design and optimization through to project management and construction. With a portfolio of some 70 clients in 21 countries, Simulus is listed as a Fast100 Business in the 2007 Australia’s top 100 growing businesses list and was awarded Australian Best Small Business of the Year in 2006.

Brent Butler, President and CEO, stated: “We are very encouraged with the speed at which the ramp-up to commercial production at Burnakura was achieved. Efforts to maximize recoveries, output and throughput, will continue as our engineering teams work diligently to achieve the increased rate of 50,000 gold ounces per annum this year.”

ATW GOLD CORP.

“Brent Butler”

Brent Butler
President & CEO

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

“This news release may contain forward–looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements

[diamant01]

Batavia Elects To Take 4 Million Shares In Lieu Of Cash Payment

July 2, 2009

ATW Gold Corp, (ATW: TSX-V), (“ATW” or the “Company”), is pleased to report that the Company and its subsidiary, ATW Gold Corp Australia Pty Ltd. (collectively, "ATW") have further amended the terms of their Asset Purchase Agreement with Batavia Mining Limited (“Batavia”) and South Murchison Mines Pty Ltd. (“South Murchison”).

The Parties entered into a Mineral Property and Asset Purchase Agreement (the "Original Agreement") dated April 18, 2008 whereby ATW, through its subsidiary, ATW Australia, has purchased the mineral project known as the Gullewa Project from Batavia and South Murchison.

The Parties subsequently entered into a Deed of Variation dated 22 January 2009 amending the Original Agreement and the terms thereof.

The Parties wish to further amend their agreement on the terms of the Original Agreement and the Deed of Variation as described herein.

The Parties agree that ATW may fully and finally settle its obligation to pay a total of AUD$3,000,000 under clause 2.3(a)(2) of the Original Agreement (as varied by clause 2(a) of the Deed of Variation) by issuing to Batavia a total of 4,000,000 shares of common stock of ATW (the "Shares") at a price of AUD$0.75 per share (being approximately Cdn$0.703 at prevailing currency exchange rates effective today of Cdn$1.00 for each AUD$1.067).

The Amendment Agreement is subject to its acceptance for filing with the TSX Venture Exchange.

Graham Harris, Chairman of ATW Gold Corp. commented, “We are very pleased to welcome Batavia as a significant shareholder of ATW Gold Corp. Batavia recognizes the progress we have made to date at Burnakura and Gullewa. Their decision to take an equity stake in ATW Gold Corp. supports our development and enhances our profile as we continue on our path to become a mid tier gold producer.”

To find out more about ATW Gold Corp., please contact Investor Relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

“Graham Harris”

Graham Harris
Chairman

[diamant01]

New Mineralized Zone Intersected 700 Metres Southwest of the Main Deflector Deposit

July 9, 2009

ATW Gold Corp (ATW: TSX-V), (“ATW” or the “Company”), is pleased to report the first drill results from the 10,000 metre drill program underway at the Company’s wholly owned Gullewa Gold Mine in Western Australia. The current program is designed to accomplish two goals: 1) Confirm widths and grade of mineralization in the Main Deflector deposit previously defined through reverse circulation drilling; and 2) Test potential extensions north and south of the main Deflector deposit.

To date, the Company has completed 34 diamond drill holes with assay results having been received for 13 of the completed drill holes. Significant results of the first holes into the Main Deflector deposit are as follows:

Table 1 - Confirmation Drilling of the Main Deflector Deposit

Hole
ID From(m) To(m) Interval(m) Au(g/t) Cu(%) Ag(g/t)

9DEF001 98 105 7 1.54 4.8 21.8

9DEF002 79.8 82 2.2 1.53 2.4 21.4

and 98 99 1 89.63 2.4 25.0

9DEF003 85 87 2 6.92 1.6 20.5

and 100 107 7 15.68 3.2 22.0

9DEF004 98 102 4 4.25 3.9 14.3

9DEF005 89 90 1 9.51 0.1 2.0

9DEF006 50 54 4 5.50 1.4 10.2

9DEF007 55.5 72.5 17 1.58 2.5 16.4

Incl. 68.5 70.5 2 8.45 13.3 117.4

9DEF009 124 127 3 2.91 0.5 4.0

and 148 149 1 2.24 0.0 0.0

and 159 160 1 2.96 0.1 0.0

9DEF011 67 68 1 4.04 Pending Pending


Prior to beginning the current drill program, analysis and interpretation of gravity and induced polarization data south of the Main Deflector deposit indicated that there is approximately 900 metres of untested strike length to the south and down-plunge of the known mineralization. The strike length of the known mineralization is approximately 930 metres.

At present, the Company has received assay results for only a portion of completed step-out drill holes. Of particular importance is drill hole 9DEF013, which is located 600 metres south and 300 metres west of the Main Deflector deposit and intersected significant gold copper mineralization over a 28 metre interval. Assay results are as follows:

Table 2 – Step-Out Drilling at Deflector South

Hole
ID From(m) To (m) Interval(m) Au (g/t) Cu(%) Ag(g/t)

9DEF008 25 29 4 2.16 0.30 1.30

9DEF013 66 94 28 1.54 0.47 1.77

Incl. 69 71 2 5.35 0.86 1.50

Incl. 76 77 1 1.05 2.83 11.0

Incl. 80 83 3 4.92 0.68 3.66


The mineralization at Deflector consists of steeply dipping, northeast-trending quartz veins with pyrite, chalcopyrite and pyrrhotite. Drill hole 9DEF013 contains similar mineralization. Supergene gold, copper and silver mineralization was encountered within basalt at the saprolite / saprock interface from 66 to 71 metres down hole. Minor quartz veining was also encountered. Fresh rock was encountered at 71 metres. The host is a pyritic basalt with epidote and chlorite alteration. Intermittent brecciation was encountered from 78 to 108 metres down hole. This zone has quartz veining with pyrite, pyrrhotite and chalcopyrite.

In addition, 9DEF008, located 400 metres south of Main Deflector, appears to have intercepted a possible southern extension to the Main Deflector deposit in a shallow intercept above 30 metres, as the hole just pierced the top of the mineralized zone. Drill holes 9DEF010 and 9DEF012 did not contain any significant results.

Brent Butler, Chief Executive Officer and President, commented: "This new discovery in drill hole 9DEF013 represents either a new mineralized zone or a possible fault offset to the southern end of the Deflector deposit. In either case it is a major breakthrough and drill rigs are currently being mobilized to the area to delineate this new discovery.”

All assays were completed by Genalysis Laboratory Services in Perth. Samples were dried, crushed and pulverized with 85% of the sample achieving minus 75 micron. Gold Analysis was completed by 50 gram fire assay with a detection limit of 0.01 ppm. Cu and Ag were analyzed by AAS using an acid digest with detection limits of 1 ppm. Brent Butler, President and CEO of ATW Gold Corp. is the qualified person under National Instrument 43-101 and has reviewed the contents of this news release.

Gullewa is located 450 kilometres north of Perth, in the Yalgoo mineral fields of Western Australia. Gullewa is a 550 sq kilometre property that hosts several gold deposits of various size and grade, the most significant being the Deflector gold-copper deposit. which contains a measured and indicated resource of 369,000 ounces at 6.75 grams per tonne (g/t) gold equivalent (“AuEq”) and an inferred resource of 400,000 ounces at 7.71 g/t AuEq (gold equivalent ounces, AuEq, are calculated using the ratio: 1% copper = 2.5 g/t gold and a cut-off grade of 1.0 g/t AuEq). Mining infrastructure assets at Gullewa include a 800 tonne per day CIL plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW Gold Corp.

“Brent Butler”

Brent Butler
President & CEO

[diamant01]

Kinbauri Gold Corp. Announces Business Combination With ATW Gold Corp.

By: Marketwire .
Jul. 14, 2009 11:12 AM





TORONTO, ONTARIO -- (Marketwire) -- 07/14/09 -- Kinbauri Gold Corp. (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE)

A conference call will be held on Tuesday July 14, 2009 at 1:00 p.m. EDT

Presentation available at http://events.snwebcastcenter.com/kinbaurigold/20090714/inde…


----------------------------------------------------------------------
Call-in Numbers
Greater Toronto - 416 644 3424
Toll-Free (North America) - 800 732 0232
Toll-Free (UK, France, Germany, Switzerland, Spain) - 00 800 2288 3501
Toll-Free (Australia) - 0011 800 2288 3501

Playback
Toronto: 416-640-1917 Passcode: 21310993#
Toll-Free: 877-289-8525 Passcode: 21310993#
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Kinbauri Gold Corp. (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) ("Kinbauri") announced today that it has signed a binding letter agreement dated July 12, 2009, with ATW Gold Corp. (TSX VENTURE: ATW) ("ATW") to combine the two companies at the agreed exchange ratio of 1.35 ATW shares per Kinbauri share, which implies a purchase price of C$0.85 per Kinbauri share using closing share prices on July 10, 2009 (the "ATW Transaction").

The ATW Transaction represents a premium of 55% over the closing price of Kinbauri shares on July 10, 2009 and a premium of 115% over the closing price of Kinbauri shares on May 8, 2009, the last trading day prior to the announcement by Orvana Minerals Corp. (TSX: ORV) ("Orvana") of its intention to make an unsolicited offer of C$0.55 per share.

On June 9, 2009, Kinbauri's Board of Directors unanimously recommended that Kinbauri shareholders REJECT the unsolicited offer to purchase all of the outstanding Kinbauri shares made by Orvana as described in a take-over bid circular dated May 25, 2009.

Brian McEwen, Director of Kinbauri and member of its Special Committee, stated, "The ATW Transaction delivers significant value to Kinbauri shareholders and to Kinbauri's flagship El Valle Project and we recommend that all shareholders join us in supporting the transaction."

The Kinbauri Board of Directors has unanimously recommended that Kinbauri shareholders vote in favour of the ATW Transaction and continue to reject the Orvana offer. The combination of Kinbauri and ATW would move ATW closer to its goal of becoming a mid-tier gold producer. It would also feature;

- Diversified operations with significant reserve/resource upside in three producing or close to producing gold mines. The assets have significant infrastructure already in place, and are located in geopolitically and mining friendly jurisdictions;

- Management from both ATW and Kinbauri with their extensive combined mine operating, development, financing and exploration experience, including Graham Harris as Executive Chairman, Brent Butler as CEO and Brian McEwen as President; and

- Strategic position and management experience to leverage continued consolidation in the gold industry.

"We understand that higher offers for the Kinbauri assets were being entertained and therefore our efforts were directed towards expediting a friendly transaction that would benefit both shareholder groups. Our merger with Kinbauri brings ATW closer to its stated goal of becoming a leading mid-tier gold producer." said Graham Harris, Executive Chairman of ATW. "We are pleased to combine ATW's strong foundation of professionals, with experience bringing our Burnakura mine into production, with Kinbauri's team."

Upon completion of the ATW Transaction, ATW will have approximately 149,691,086 common shares issued and outstanding, with former Kinbauri shareholders holding approximately 53.5% of the issued and outstanding common shares of the combined company."

ATW Transaction Details

The ATW Transaction is expected to be structured as a plan of arrangement between Kinbauri and a newly formed, wholly-owned subsidiary of ATW. Under the terms of the ATW Transaction, Kinbauri shareholders will receive 1.35 common shares of ATW per common share of Kinbauri held. Each outstanding Kinbauri convertible security will become exercisable for ATW common shares based on the exchange ratio and resulting price adjustment. Two Kinbauri directors, Brian McEwen and Marilyn Bloovol, will join the ATW Board of Directors. Brian McEwen will also be appointed President of ATW and President of Kinbauri Espana. The ATW Transaction will be subject to approval of the shareholders of Kinbauri and ATW.

Gryphon Partners, acting as financial advisor to the Special Committee of the Board of Directors of Kinbauri, has provided an opinion that the ATW offer is fair, from a financial point of view, to Kinbauri shareholders.

The letter agreement setting out the ATW Transaction includes a commitment by Kinbauri not to solicit alternative transactions to the proposed ATW Transaction and to enter into a definitive arrangement agreement. ATW has also been provided with certain other rights customary for a transaction of this nature, including the right to match competing offers made to Kinbauri. The letter agreement also provides for a break fee of approximately $1 million to be payable to ATW in certain circumstances.

Completion of the ATW Transaction is subject to a number of conditions, including: the receipt of all necessary regulatory and court approvals (including the approval of the TSXV) and obtaining approvals from the shareholders of ATW and Kinbauri at meetings to be held no later than September 25, 2009. There can be no assurance that the ATW Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the ATW Transaction, any information released or received with respect to the ATW Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Kinbauri should be considered highly speculative.

Gryphon Partners is the financial advisor to Kinbauri's Special Committee and its legal advisor is Wildeboer Dellelce LLP. ATW's financial advisor is PI Financial Corp. and its legal counsel is CD Farber Law Group.

All information contained in this new release with respect to ATW was supplied by ATW for inclusion herein, and with respect to such information, Kinbauri and its board of directors and officers have relied on ATW.

About ATW

ATW is a gold producer and developer, with two gold mines in Western Australia and is listed on Tier 1 of the TSX Venture Exchange ("TSXV") (TSX VENTURE: ATW). ATW's corporate goal is to build a mid-tier gold producer.

ATW is incorporated under the Business Corporations Act (British Columbia) and was listed on the TSXV in November 2006 via an initial public offering. ATW made its first mining acquisition, the Burnakura Gold Mine, in December 2007. Within 15 months, Burnakura was recommissioned, permitted and gold production commenced. During that time, six months after the Burnakura acquisition, ATW acquired its second mine, the Gullewa Gold Mine. The Gullewa Mine, a past-producing mine, is ATW's flagship project. ATW is conducting further exploration and other work with the goal of commencing production from the Gullewa Mine in 12 to 15 months. ATW's team is comprised of Mine Engineers, Geologists and finance experts, with over 100 years of combined experience in the mining industry having operated worldwide.

www.atwgold.com

Shareholders do not have to take any action on the Orvana offer and the Kinbauri Board urges you to reject it and vote in favour of the ATW Transaction.

For assistance in withdrawing any shares already tendered, or other questions, please contact Laurel Hill Advisory Group, the Information Agent retained by Kinbauri in connection with the Orvana Offer, toll free at 1-888-812-9184 from anywhere in Canada or the United States and collect at 416-637-4661 from outside North America.

Note Regarding Forward-Looking Statements

This press release and other written or oral communication from the Company may include certain statements that may be considered "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Statements other than historical facts that address possible future events, plans or developments are forward-looking statements. Such statements may be identified by the use of words such as "will", ""may", "expects", "estimate", "intend" or the use of the future or conditional tense. Certain material factors or assumptions were applied in drawing our conclusions and making those forward-looking statements. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. Readers are cautioned that risks may change or new risks may emerge. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com and available on the Company's website at www.kinbauri-gold.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law.

www.kinbaurimaximized.com



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Kinbauri Gold Corp.
Darrell Munro, BB.A, LL.B, Manager,
Corporate Communications
613-836-0198
[e-mail]

Kinbauri Gold Corp.
Brian McEwen, P Geol., Director
604-551-6979
[e-mail]
www.kinbauri-gold.com

[wally801]

Antwort auf Beitrag Nr.: 37.571.021 von diamant01 am 14.07.09 18:16:45

hmm kann mir jemand erklären, warum der kurs von atw so viel nachgibt, nach diesen ganzen guten news?

wollen doch nicht nur news hier stehen haben, sondern auch ein wenig diskussionen ;-)

[pisa]

Antwort auf Beitrag Nr.: 37.572.231 von wally801 am 14.07.09 20:58:39

Hi Wally,
die news an sich sind nicht schlecht. Nur werden dann knapp 145 mio shares ausstehen. Macht roundabout 90 mio CAD market cap.

Burnakura ist gerade erst angelaufen, break even announced, nur Dividenden sind noch keine da und werden auch erstmal nicht kommen. ATW setzt auf Wachstum, das ist klar zu erkennen durch die verschiedenen Aufkäufe. Die Firma an sich steht somit besser da, für den Anteilseigner tut sich aber nicht viel wegen der einhergehenden dilution, heisst company ist mehr wert aber die anzahl der shares hat sich auch verfielfacht. Letztlich muss man hier etwa 24 Monate warten bis echte returns dazukommen, also die australischen Projekte und jetzt eben die spanischen Projekte full steam ahead auf Dividendenkurs sind.
Somit bleiben bei der news zwei Bauchschmerzen: dilution und Spanien als unerstelltes Hochkostenland.


Enjoy,
Pisa

[pisa]

Bowering von ATW hat am WE im Interview erwähnt das ATW für Gullewa (Australine) und die neuen spanischen Projekte etwa 50-80 mio Finanzbedarf hat. Er bestätigt auch das es etwa 2 Jahre braucht bis die Projekte laufen werden, dann wird ATW ein ~275koz/year producer sein.

Die Milionen sollen durch Schulden, Kapitalerhöhung und Vorwärtsverkäufe aufgebracht werden.

Durch den hohen Finanzbedarf erschliesst sich mir die Strategie im Moment nicht und dürfte Druck auf den Kurs ausüben.

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 37.605.901 von pisa am 20.07.09 13:42:32

old Pete hält sich ebenfalls bedeckt, umso mehr bemerkenswert weil er auf der payroll von ATW steht.

I have had to bide my time to comment on this transaction and spend some serious time understanding what this means for ATW and more importantly for ATW’s shareholders.

My knee-jerk reaction when I first saw the news was that this transaction had too much dilution. and that ATW had over-bid an all cash offer of $55c per share by Orvana Minerals Corp. by too large a margin – almost 55%.

Just because I’m engaged by a company will never ever mean I simply endorse their actions just because I work for them. I’ve have resigned and have been let go by many companies I worked for because I couldn’t support their actions. Despite going back a very long time with Graham Harris, he knew I had to fully appreciate their actions before I would endorse it. That’s one of several understandings clients of mine must accept, including being critical of them, if they want to acquire my services.

One of the many reasons I became involved with ATW is their stated goal to buy near-term production assets at a fraction of their value, move fast to develop their assets and fast-track becoming a mid-tier gold producer. But this transaction didn’t seem to fit the “fraction of their value” model. On first view, this does not appear to be an inexpensive deal at all.

But when I started digging, I found some literature that has pegged the current valuation on Kinbauri’s El Valle asset at over $230Million dollars. I also heard on the combined conference call held by ATW and KNB last week, that there were other competing bids. I then heard from a source that one of those competing bids was a $.75call cash offer. This started to calm my nerves in regard to ATW’s offer.

Then there is the question of dilution. In paying KNB 1.35 shares of ATW, you end up with a combined company with almost 170Million shares outstanding. Then on top of that you have the capital that needs to be raised to get both El Valle and Gullewa into production – $15M of final feasibility, $50M for cap-ex at El Valle – and another $30M for Gullewa. So an additional $95M would need to be raised on top of that?

Kinbauri have assets in Spain, USA and Canada, but their main asset is the El Valle copper gold mine in Northern Spain. The project was previously owned and operated by Rio Narcea. The mine closed during lower gold prices, with limited resource base remaining. KNB then took over the asset and added substantial ounces including a new epithermal resource that has substantial upside. All in all there is 2.6Million oz Au equivalence and growing. The combined company will have a resource base of nearly 4M ounces. These numbers make the combined entity a good size mid-tier.

So now let’s take a look at the combined entity, the sum of the two parts – the new ATW. A near-term 270,000oz gold per annum producer with one mine already in production. This puts the company in the same class as the Yamana’s, The Eldorado’s, Semafo or even Alamos ……These companies all sport market-caps in the $500 – $1000Million range…now this transaction is starting to look like a highly accretive acquisition - and the share dilutions doesn’t sound too bad either.

Ok, so now I am starting to get it. ATW could theoretically be producing in the range of 270,000oz Au within the next 12-18 months – which would be a massive accomplishment.

I was also concerned that ATW had entered into this agreement with their stock trading at levels that are a lot lower than where they were trading a few weeks ago. But it appears that the market simply worked against them. Gold was falling during their negotiation period.

One side of the equation might say the market dislikes this transaction, because there is so much selling pressure on ATW – however, remember, on the other side of that trade there is a buyer. These sorts of transactions are complex, and the trading in ATW is equally complex. There are many variables that are at play here and the trading action of ATW – positive or negative – may not necessarily relay the overall merits of the transaction. Retail investors with limited fundamental analysis experience are clearly sellers. I can sense that from public comments by them and emails sent to me. These types of speculators almost always sell first and ask questions later. This time is no different.

The bottom line is I think the shareholders can be better off with the “NEW” ATW. If the deal fails to materialize, the company will continue on its current path of producing at Burnakura whilst developing Gullewa….but the next merger or acquisition may not be far away – as the company’s stated goals on their website says “building a mid-tier gold producer… Production will be increased through a combination of exploration and development of the Burnakura and Gullewa gold mines, plus ongoing acquisition and merger activity.”

Don’t be surprised if ATW’s bid on this asset is trumped…this project is a hot commodity. I’ll keep you all informed with the progress.

Please Note – I’ve held off buying shares for my own account and will wait for this update to fully circulate before contemplating any purchases.


Versucht der Sache auch Positives abzugewinnen aber kommt ebenfalls nicht zur conclusion wie die Aktionäre hier profitieren werden.

Meine Analyse wäre nach wie vor das ATW auf diesem Weg zu einem erfolgreichen mittelgrossen Producer werden kann, nur würden die jetzigen Aktionäre nix davon haben bzw. eine unterdurchschnittliche performance wegen diltuion und noch mehr dilution bekommen...

Enjoy,
Pisa

[pisa]

Antwort auf Beitrag Nr.: 37.626.643 von pisa am 22.07.09 21:35:54

nachdem ich nochmal drüber geschlafen habe bin ich zu folgenden Schlüssen gekommen:

Das offer an scih macht keinen Sinn da die combined entity von niemandem das benötigte Geld bekommen kann, wenn doch, dann bedeutet das schwere Grausamkeiten für die jetzigen Aktionäre.

Nur

Orvana hat nach dem ATW offer sofort sein all cash offer von 0,55 auf 0,75 erhöht, also die wollen das wirklich und sofort.

Wie gesagt, wenn ATW und Kinbauri sich zusammentun werden sie sicher nicht die Dinge entwicklen wollen, keiner stimmt da zu.
Aber Sie können einen höheren Preis herausschlagen, wenn Orvana die spanischen deposits will müssen Sie sich dann mit der gemergten company auseinandersetzen. Oder Sie könne einen merger mit Orvana erzielen und somit doch den sharholdern dicke Rendite herbeizaubern.

Also alles nicht schwarz weiss sondern interessant und umkämpft...


Enjoy,
Pisa

[diamant01]

ATW Arranges Credit Facilities And Loan Agreements Exceeding $50 Million (USD)

July 27, 2009

Vancouver, BC – ATW Gold Corp. (ATW: TSX-V) (“ATW” or “the Company”), is pleased to announce it has reached an agreement with Red Kite Explorer Fund Limited (“Red Kite”), part of the Red Kite family of funds, pursuant to which Red Kite will extend ATW certain credit facilities and other financial instruments.

1. $40 Million Standby Credit Facility for Kinbauri Acquisition

Red Kite has agreed to provide ATW with a USD $40,000,000 standby credit facility (the "Kinbauri Facility"), on customary terms and conditions, subject to ATW completing the acquisition of Kinbauri Gold Corp. as announced on July 14, 2009. The loan is subject to further customary due diligence to be performed by Red Kite, and ATW securing additional finance to advance the El Valle project through feasibility and mine commissioning.

The Kinbauri Facility is expected to be advanced under the following terms:

- A three year stand-by credit facility bearing 12% per annum;

- The credit facility will be secured by a first charge over all of the Kinbauri assets;

- ATW agrees to enter into a standard off-take agreement for the gold and copper produced from the El Valle asset.

2. $10 Million Credit Facility to Advance the Gullewa Gold Mine Project

In addition, Red Kite has agreed to provide a further USD $10,000,000 credit facility (the "Gullewa Facility") to advance ATW’s Gullewa Gold Mine Project. The Gullewa Facility will bear interest at a 12% annual rate, amortizing monthly. It is likely that the funds from the Gullewa Facility will be used to finalize the scoping study and initiate plant refurbishment.

The Gullewa Facility is subject to a fixed and floating charge over all of the ATW assets (not including the Kinbauri assets should the proposed merger be successful), and to further customary due diligence to be performed by Red Kite.

3. Amendments to Existing Gold Loan Off-Take Agreement

Further to the Company’s news release dated May 21, 2009, wherein the Company announced completion of a $10 million (USD) gold loan and concurrent production marketing agreement (the "Off-Take Agreement") with Red Kite, both Red Kite and the Company have agreed to amend the terms of the Off-Take Agreement such that the time to pay ATW for marketing its gold production from the Burnakura Mine (under the Off-Take Agreement between ATW and Red Kite) is immediately reduced to 15 days from 30 days.

The Company expects to complete formal agreements regarding the Off-Take Agreement, the Gullewa Facility and the Kinbauri Facility in the coming weeks.

Graham Harris, Chairman of ATW Gold Corp. commented, “Today’s announcement further strengthens our financial resolve to develop our existing assets. Aligning with Red Kite , one of the world's largest metals-focused investment firms, helps ATW begin to secure the financing necessary to take El Valle through final feasibility and toward production.”

“We urge the current shareholders of Kinbauri to support the plan of arrangement announced, so that they may benefit from the upside in growth and production profiles that a combined ATW Gold Corp and KInbauri Gold offers.”

About Red Kite

Red Kite manages a diversified group of investment strategies specific to the non-ferrous and precious metals markets, in addition to the Red Kite Explorer mine financing fund. Red Kite's team of experienced professionals draw upon proprietary information flows sourced through the group's operation of a significant physical metals business. The firm operates across the global metals industry from offices in Bermuda, Hong Kong, London, New York, Shanghai and Sydney. In addition to the Red Kite Explorer Fund, Red Kite manages four other funds -- Red Kite Metals, Red Kite Compass, Red Kite Prospect 1 and Hong Feng Zheng -- which are predominantly trading focused and hold arbitrage, relative value, and directional positions. All of Red Kite's funds delivered positive returns in 2008.

About the Red Kite Explorer Fund

The Fund provides mining companies with project financing and metal offtake agreements, allowing them to initiate or expand mine production. All financing transactions include offtake, or forward-purchase, agreements enabling the Fund to purchase the individual mine's future metal production.

The amendments to the Off-Take Agreement and the granting of the Gullewa Facility and the Kinbauri Facility are all subject to the approval of the TSX-Venture Exchange as is the compensation payable to the Agent in connection therewith.

Casimir Capital LP, an investment banking firm in New York, acted as ATW's agent in respect of the Gullewa Facility and the Kinbauri Facility (the “Agent”).

The Agent will receive a commission of 6% on the funds advanced under the Gullewa Facility and the Kinbauri Facility, paid in tranches as funds are received. In addition, the Agent will be issued 200,000 broker’s warrants on the basis of 200,000 warrants for each USD $10,000,000 in credit drawn down. Each warrant exercisable for one common share of ATW for a period of two years at an exercise price of 125% of the market price of ATW's shares on the date prior to the entering into of formal agreements.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

“Graham Harris”

[diamant01]

ATW Terminates Letter Agreement With Kinbauri Gold Corp.

July 31, 2009

Vancouver, BC – ATW Gold Corp. (ATW: TSX-V) (“ATW” or the “Company”) announces that it has terminated its letter agreement (the "Agreement") with Kinbauri Gold Corp. ("Kinbauri") dated July 12, 2009. As a result, it will not be proceeding with the Plan of Arrangement contemplated in the Agreement.

Section 18(c) of the Agreement provides ATW with the right to terminate if Kinbauri's board of directors fails to confirm its unanimous approval of the Plan of Arrangement to Kinbauri's shareholders. In the nearly three weeks since the Agreement was signed, that confirmation has not been announced to Kinbauri shareholders.

"While we are disappointed with the termination of the Kinbauri Agreement, we will continue to seek opportunities which will further promote the Company's growth and move it closer to its goal of becoming a mid-tier gold producer" commented ATW Chairman, Graham Harris. "We continue to focus on increasing production from the Burnakura Mine and on advancing the Gullewa Mine toward production."

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail] . You may also visit our website at www.atwgold.com .

ATW GOLD CORP.

“Graham Harris”

Graham Harris
Chairman

[diamant01]

Drilling at Gullewa Yields Significant Mineralization North and South of the Deflector Deposit

August 18, 2009

ATW Gold Corp., (ATW: TSX-V), (“ATW” or the “Company”), is pleased to report on additional drill results from its wholly owned Gullewa Gold Mine (“Gullewa”) located in Western Australia. Highlights include a 4 metre (m) intercept, grading 10.35 grams per tonne (g/t) gold, 12.32 percent copper and 72.3 grams per tonne silver.

Based on drilling by previous operators, the Deflector deposit was thought to be closed off north and south. Work completed by ATW during 2008, indicated mineralization might be present in lateral extensions north and south of the deposit, but modestly offset by faulting. As a result, ATW embarked on the current drill program to test all gravity and Induced Polarization (IP) targets to locate any Deflector extensions. This drilling was wide spaced and drilled over several kilometres both north and south of the Deflector program.

To date, ATW has completed 37 core holes totaling approximately 8,508 metres. Assay results have been received for 33 holes. A tabulation of all results from this program is available on the Company website. While many holes contain mineralization, three holes are of significant importance. Results of these holes are tabulated below:

HoleID
From (m)
To (m)
Thickness (m)
Au g/t
Cu%
Ag g/t

9DEF013
52
94
42
1.65
0.40
1.25

incl
53
56
3
6.62
0.37
1.00

incl
53
54
1
13.65
0.37
3.00

incl
69
71
2
5.35
1.50
0.86

incl
76
77
1
1.05
11.00
2.83

incl
80
83
3
4.92
3.66
0.68

9DEF034
127
134
7
11.01
0.30
0.80

9DEF037
104
108
4
10.35
12.32
72.30


The significance of these results is as follows:

9DEF013 – 600m southwest of the Deflector mineralization. A portion of this drill hole was previously reported in the last press release. Additional sampling has been completed in the transitional zone. The original sampling only tested the diamond core but on further inspection of the RC drilling (precollar), quartz veining was also located in the weathered zone. This extended the original intercept of gold and copper mineralization from 28 metres to 42 metres. The mineralization consists of quartz veins with pyrite, chalcopyrite and minor pyrrhotite hosted in basalt. Alteration of the basalt consists largely of epidote and chlorite. Some of the mineralization may be supergene as it clearly occurs at weathering interfaces. The apparent strike length of this zone (interpreted from geophysics) is about 1000 metres.

9DEF034 – 70m directly south of the Deflector Central lode. Previous explorers did not recognize the southerly plunge to the Deflector mineralization. This was recognized by ATW, by integrating a previous Induced Polarization (IP) section with historical shallow drilling showing the target was not tested. Mineralization in this intercept is hosted by quartz veining with pyrite and minor chalcopyrite within basalt. The basalt has been brecciated in parts and altered by epidote and chlorite. The apparent strike extension to the south of the Deflector mineralization is in the vicinity of 400 metres. This has been interpreted by integrating this drilling with previously collected drilling data.

9DEF037 – 150m northwest of the Deflector mineralization and appears to be fault offset. This intercept contains massive chalcopyrite and quartz veining within a basaltic host. The intercept is open down dip and has not been adequately tested along strike.

The mineralization was discovered in an area that was thought to be thoroughly explored but it now seems likely that the historical drilling in this area may not have been effectively sampled.

Other Results

Results from the rest of the core drilling that tested Induced Polarization (IP) targets directly south and north of the Deflector deposit intersected gold only mineralization. This style was similar to the Deflector North mineralization that had been previously mined by open cut. The results are posted on the website.

Further geophysical interpretation was undertaken attempting to locate the copper gold mineralization. Several east-west fault offsets were interpreted. Coupled with historic anomalous drill results this work identified a mineralized area to drill test, leading to the successful drilling of holes 9DEF019 and 9DEF037 that located the Deflector mineralization.

Phase 2 Drilling

ATW stood down both drill rigs during late July due to exceptionally wet weather. This gave ATW an opportunity to catch-up on the backlog core logging and assays and re-interpretation.

One drill rig was mobilized to Burnakura to start drilling the northern extension. Results from this drilling are anticipated shortly. ATW plans to re-commence drilling at Deflector during September, targeting the new mineralized discoveries.

Scoping Study

A scoping study was initiated during May to review the economics of mining and processing Deflector mineralization. This study is on track to be completed during November.

Tasks completed to date are:

1. Environmental baseline studies on the tailings dam and Deflector water discharge;

2. Processing plant refurbishment and upgrade cost estimates;

3. Metallurgical revision on previous metallurgical BFS study and recommendations.

Works in progress are:

1. Drilling Deflector extensions north and south;

2. Pit optimizations on current Deflector mineralization;

3. Native title discussions on miscellaneous licences for roads and water pipelines.

As mentioned above, drilling is currently ongoing at ATW’s wholly owned Burnakura Gold Mine. Since this program began in early August, six drill holes aimed to increase resources north of the NOA2 underground workings have been completed. Results are pending.

All assays were completed by Genalysis Laboratory Services in Perth. Samples were dried, crushed and pulverized with 85% of the sample achieving minus 75 micron. Gold Analysis was completed by 50 gram fire assay with a detection limit of 0.01 ppm. Cu and Ag were analyzed by AAS using an acid digest with detection limits of 1 ppm.

Gullewa is located 450 kilometres north of Perth, in the Yalgoo mineral fields of Western Australia. Gullewa is a 550 sq kilometre property that hosts several gold deposits of various size and grade, the most significant being the Deflector gold-copper deposit. which contains a measured and indicated resource of 369,000 ounces at 6.75 grams per tonne (g/t) gold equivalent (“AuEq”) and an inferred resource of 400,000 ounces at 7.71 g/t AuEq (gold equivalent ounces, AuEq, are calculated using the ratio: 1% copper = 2.5 g/t gold and a cut-off grade of 1.0 g/t AuEq). Mining infrastructure assets at Gullewa include an 800 tonne per day CIL plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

Brent Butler, CEO & President commented, “This first phase of drilling has been successful in locating the offset to the Deflector mineralization both north and south. Phase two drilling starting in September will now concentrate on delineating additional resources.”

The contents of this news release have been reviewed by Brent Butler who is a qualified person as defined by National Instrument 43-101.

To find out more about ATW Gold Corp., please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

“Brent Butler”

Brent Butler
President & CEO

[diamant01]

ATW Gold Drills 4m of 10.35 g/t gold, 12.32% copper and 72.3 g/t silver

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2009) - ATW Gold Corp., (TSX VENTURE:ATW), ("ATW" or the "Company"), is pleased to report on additional drill results from its wholly owned Gullewa Gold Mine ("Gullewa") located in Western Australia. Highlights include a 4 metre (m) intercept, grading 10.35 grams per tonne (g/t) gold, 12.32 percent copper and 72.3 grams per tonne silver.

Based on drilling by previous operators, the Deflector deposit was thought to be closed off north and south. Work completed by ATW during 2008, indicated mineralization might be present in lateral extensions north and south of the deposit, but modestly offset by faulting. As a result, ATW embarked on the current drill program to test all gravity and Induced Polarization (IP) targets to locate any Deflector extensions. This drilling was wide spaced and drilled over several kilometres both north and south of the Deflector program.

To date, ATW has completed 37 core holes totaling approximately 8,508 metres. Assay results have been received for 33 holes. A tabulation of all results from this program is available on the Company website. While many holes contain mineralization, three holes are of significant importance. Results of these holes are tabulated below:

-----------------------------------------------------------------------
Hole ID From (m) To (m) Thickness (m) Au g/t Cu% Ag g/t
-----------------------------------------------------------------------
9DEF013 52 94 42 1.65 0.40 1.25
-----------------------------------------------------------------------
incl 53 56 3 6.62 0.37 1.00
-----------------------------------------------------------------------
incl 53 54 1 13.65 0.37 3.00
-----------------------------------------------------------------------
incl 69 71 2 5.35 1.50 0.86
-----------------------------------------------------------------------
incl 76 77 1 1.05 11.00 2.83
-----------------------------------------------------------------------
incl 80 83 3 4.92 3.66 0.68
-----------------------------------------------------------------------
9DEF034 127 134 7 11.01 0.30 0.80
-----------------------------------------------------------------------
9DEF037 104 108 4 10.35 12.32 72.30
-----------------------------------------------------------------------

The significance of these results is as follows:

9DEF013 - 600m southwest of the Deflector mineralization. A portion of this drill hole was previously reported in the last press release. Additional sampling has been completed in the transitional zone. The original sampling only tested the diamond core but on further inspection of the RC drilling (precollar), quartz veining was also located in the weathered zone. This extended the original intercept of gold and copper mineralization from 28 metres to 42 metres. The mineralization consists of quartz veins with pyrite, chalcopyrite and minor pyrrhotite hosted in basalt. Alteration of the basalt consists largely of epidote and chlorite. Some of the mineralization may be supergene as it clearly occurs at weathering interfaces. The apparent strike length of this zone (interpreted from geophysics) is about 1000 metres.

9DEF034 - 70m directly south of the Deflector Central lode. Previous explorers did not recognize the southerly plunge to the Deflector mineralization. This was recognized by ATW, by integrating a previous Induced Polarization (IP) section with historical shallow drilling showing the target was not tested. Mineralization in this intercept is hosted by quartz veining with pyrite and minor chalcopyrite within basalt. The basalt has been brecciated in parts and altered by epidote and chlorite. The apparent strike extension to the south of the Deflector mineralization is in the vicinity of 400 metres. This has been interpreted by integrating this drilling with previously collected drilling data.

9DEF037 - 150m northwest of the Deflector mineralization and appears to be fault offset. This intercept contains massive chalcopyrite and quartz veining within a basaltic host. The intercept is open down dip and has not been adequately tested along strike.

The mineralization was discovered in an area that was thought to be thoroughly explored but it now seems likely that the historical drilling in this area may not have been effectively sampled.

Other Results

Results from the rest of the core drilling that tested Induced Polarization (IP) targets directly south and north of the Deflector deposit intersected gold only mineralization. This style was similar to the Deflector North mineralization that had been previously mined by open cut. The results are posted on the website.

Further geophysical interpretation was undertaken attempting to locate the copper gold mineralization. Several east-west fault offsets were interpreted. Coupled with historic anomalous drill results this work identified a mineralized area to drill test, leading to the successful drilling of holes 9DEF019 and 9DEF037 that located the Deflector mineralization.

Phase 2 Drilling

ATW stood down both drill rigs during late July due to exceptionally wet weather. This gave ATW an opportunity to catch-up on the backlog core logging and assays and re-interpretation.

One drill rig was mobilized to Burnakura to start drilling the northern extension. Results from this drilling are anticipated shortly. ATW plans to re-commence drilling at Deflector during September, targeting the new mineralized discoveries.

Scoping Study

A scoping study was initiated during May to review the economics of mining and processing Deflector mineralization. This study is on track to be completed during November.

Tasks completed to date are:

1. Environmental baseline studies on the tailings dam and Deflector water discharge;

2. Processing plant refurbishment and upgrade cost estimates;

3. Metallurgical revision on previous metallurgical BFS study and recommendations.

Works in progress are:

1. Drilling Deflector extensions north and south;

2. Pit optimizations on current Deflector mineralization;

3. Native title discussions on miscellaneous licences for roads and water pipelines.

As mentioned above, drilling is currently ongoing at ATW's wholly owned Burnakura Gold Mine. Since this program began in early August, six drill holes aimed to increase resources north of the NOA2 underground workings have been completed. Results are pending.

All assays were completed by Genalysis Laboratory Services in Perth. Samples were dried, crushed and pulverized with 85% of the sample achieving minus 75 micron. Gold Analysis was completed by 50 gram fire assay with a detection limit of 0.01 ppm. Cu and Ag were analyzed by AAS using an acid digest with detection limits of 1 ppm.

Gullewa is located 450 kilometres north of Perth, in the Yalgoo mineral fields of Western Australia. Gullewa is a 550 sq kilometre property that hosts several gold deposits of various size and grade, the most significant being the Deflector gold-copper deposit. which contains a measured and indicated resource of 369,000 ounces at 6.75 grams per tonne (g/t) gold equivalent ("AuEq") and an inferred resource of 400,000 ounces at 7.71 g/t AuEq (gold equivalent ounces, AuEq, are calculated using the ratio: 1% copper equals 2.5 g/t gold and a cut-off grade of 1.0 g/t AuEq). Mining infrastructure assets at Gullewa include an 800 tonne per day CIL plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

Brent Butler, CEO & President commented, "This first phase of drilling has been successful in locating the offset to the Deflector mineralization both north and south. Phase two drilling starting in September will now concentrate on delineating additional resources."

The contents of this news release have been reviewed by Brent Butler who is a qualified person as defined by National Instrument 43-101.

ATW GOLD CORP.

Brent Butler, President & CEO

[diamant01]

Northern Mineralization Drill Results - Burnakura, NOA2

September 11, 2009

ATW Gold Corp (ATW: TSX-V), (“ATW” or “the Company”), has received results from the NOA2 northern mineralization drilling program at Burnakura.

A 10m by 20m grid drill program was initiated to gather additional geological and structural information along the northern corridor between the NOA2 and NOA7/8 mines. A total of 17 NQ core holes for 2,970.7m were drilledlogged, photographed and assayed.

Drilling intersected three different styles of mineralization within the dolerite host rock. These are:

Sericite with quartz veining;
Brecciated quartz veining;
Quartz stockwork
These veins are all mineralized with gold and are associated with pyrite. The veins vary in width from 0.5m to several meters of thickness and coalesce near the NOA2 fault forming wide mineralized zones of up to 10m thickness.

Significant results from the northern area drilling to date are:

Hole
From (m) To (m) Width (m) Au (g/t)

09NOADD0001 186.55 188.11 1.56 19.41

09NOADD0002 187.0 189.0 2.0 2.11

09NOADD0003 188.1 188.5 0.4 2.90

09NOADD0004 194.8 195.3 0.5 16.02


224.2 225.6 1.4 71.08

09NOADD0005 136.9 138.0 1.1 3.96


162.0 162.3 0.3 5.36

09NOADD0006 119.5 122.0 2.5 6.14

incl
120.4 121.0 0.6 18.91


135.3 139.0 3.7 5.90

incl
136.5 136.8 0.3 11.47

incl
137.5 137.9 0.4 20.40

09NOADD0007 136.4 137.4 1 7.36


142.0 143.0 1 7.59

09NOADD0008 113.0 113.5 0.5 9.22

09NOADD0009 117.7 127.9 10.2 2.74

incl
118.8 120.0 1.2 6.72

09NOADD0010 149.1 150.9 1.8 2.75

09NOADD0011 112.2 113.8 1.6 2.11


114.4 116.4 2 4.44


117.5 120.0 2.5 3.48


125.0 125.3 0.3 2.76

09NOADD0012 120.9 121.9 1 12.97

incl
121.7 121.9 0.2 37.87


123.6 128.7 5.1 8.41

incl 126.9 127.8 0.9 25.40

09NOADD0013 159.9 161.9 2 10.21

incl
159.9 160.4 0.5 49.88

09NOADD0014 122.0 122.7 0.72 7.14

09NOADD0015 158.9 159.3 0.38 14.56

09NOADD0016 136.2 136.4 0.21 9.93

09NOADD0017 138.0 138.9 0.9 2.90




As a result of the drill program, supplemented with recent underground mapping, multiple northeastern fault splays previously not recognized in earlier drilling were identified. These splays have a profound effect in controlling mineralization and recent mining has encountered vein offsets of up to 15m.

This complexity is currently affecting the mining dilution which is negatively impacting the mill head grade. This structural complexity affected the last two gold pours of August, returning only 1,865 fine ounces of gold for the month. Production for September is forecast to be in the order of 2,100oz.

A new structural model is currently being developed to investigate the fault splays and their impact on future mining. A new mineralized wireframe model will then be merged with the structural model, resulting in the development of a new block model. Upon completion, new stope designs will be created along with a new mining plan.

Brent Butler, Chief Executive Officer and President, commented: "This drilling enhances our structural and geological understanding in the northern corridor. We are currently re-working the block model to incorporate the complexity of these faults offsets. This will be included in an update mining plan scheduled to be completed by the first week of October.”

Mineralized core is cut in half onsite and sampled. In addition, a half to full tray of non mineralized rock is cut and sampled on the hangingwall and footwall. Half core is sent to the minesite laboratory for analysis and the other half core is stored onsite. Samples are dried, crushed and pulverized with 85% of the sample achieving minus 75 micron. Gold Analysis is completed by 30 gram Aqua regia assay with a detection limit of 0.01 ppm. All assayed intervals that return a value above 0.1g/t are sent to Amdel Laboratory in Kalgoorlie as pulp samples. A pulp sample split is also retained onsite. At Amdel, the samples are dried, crushed and pulverized with 85% of the sample achieving minus 75 micron. Gold Analysis is completed by 50 gram fire assay with a detection limit of 0.01 ppm.

The Burnakura Gold Mine is located in the West Yilgarn goldfields of Western Australia on 58.8 square kilometers of mining leases and prospecting licenses. Infrastructure includes a fully permitted 160,000-tonne-per-year (450 tonnes per day) CIL gold plant, rolling stock, underground equipment, workshops, office space and a 90-man camp. The project covers 12 kilometers of prospective strike length along a major auriferous shear zone and mesothermal gold system. Historic production on the project focused on lower-grade surface oxides, which had been historically mined from 15 open pits stretching along the entire 12 kilometers of strike length.

Brent Butler, President and CEO of ATW Gold Corp. is the qualified person under National Instrument 43-101 and has reviewed the contents of this news release.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW Gold Corp.

“Brent Butler”

[projekt2016]

ATW to Commence Phase 2 Drill Program at Gullewa
September 16, 2009
ATW Gold Corp (ATW: TSX-V), (“ATW” or the “Company”), is pleased to announce that a 4,000m follow-up core drilling program on the Phase 1 drill results will commence at Gullewa in approximately in two weeks.

Of particular focus is drillhole 9DEF034, located 70m south of previously known mineralization, which intersected 7m averaging 11.01g/t gold, 0.3% copper and 0.8g/t silver from 108m. This drillhole has significant importance in terms of the current scoping study. Recent open cut pit optimization studies indicate that southern expansion of the pit shell is probable if infill drilling is successful in delineating mineralization extending from the most southern part of the current block model to drillhole 9DEF034.

The Scoping study results are on track to be announced during November. Metallurgy, plant refurbishment cost estimates and Environmental baseline studies are near completion. Current work in progress includes open cut and underground optimization studies. Once Phase 2 drilling is completed, a new block model will be constructed and new optimization studies for both open cut and subsequent underground operations will be carried out.

Brent Butler, Chief Executive Officer and President, commented: "This second phase of drilling is of significant importance in terms of extending and optimizing the pit shell at Deflector. ATW is on track to deliver the results of the Scoping Study in November.”

Brent Butler, President and CEO of ATW Gold Corp. is the qualified person under National Instrument 43-101 and has reviewed the contents of this news release.

Gullewa is located 450 kilometres north of Perth, in the Yalgoo mineral fields of Western Australia. Gullewa is a 550 sq kilometre property that hosts several gold deposits of various size and grade, the most significant being the Deflector gold-copper deposit. which contains a measured and indicated resource of 369,000 ounces at 6.75 grams per tonne (g/t) gold equivalent (“AuEq”) of and an inferred resource of 400,000 ounces at 7.71 g/t AuEq (gold equivalent ounces, AuEq, are calculated using the ratio: 1% copper = 2.5 g/t gold and a cut-off grade of 1.0 g/t AuEq). Mining infrastructure assets at Gullewa include a 800 tonne per day CIL plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

[diamant01]

ATW Files Suit for Kinbauri Break Up Fee

September 22, 2009

ATW Gold Corp (ATW: TSX-V), (“ATW” or “the Company”), announces that it has filed, in the Vancouver registry, a statement of claim naming Kinbauri Gold Corp. ("Kinbauri") as defendant (the "Statement of Claim").

The Company entered into a merger agreement with Kinbauri Gold Corp. earlier this year (the "Agreement") and the Agreement was subsequently terminated. The Agreement stated that, under certain circumstances, a break up fee of $1,060,000 (the "Fee") would be payable by Kinbauri to the Company.

The Company believes that Kinbauri is liable to pay the Fee and the Statement of Claim lays out the facts the Company believes supports that conclusion.

Further, the Company reports that Luke Norman has resigned as Director and VP of Corporate Development of ATW Gold Corp. We thank him for his contribution and wish him all the best in his future endeavors.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail] . You may also visit our website at www.atwgold.com .

ATW GOLD CORP.

“Brent Butler”

[diamant01]

Red Kite Agrees to Transfer Debt to Gullewa as ATW puts Burnakura
Back on Care and Maintenance

October 7, 2009

ATW Gold Corp (ATW: TSX-V), (“ATW” or “the Company”), has determined that given its options regarding Gullewa and Burnakura, the Company will focus its resources toward placing the Gullewa gold-copper project into production. The Gullewa scoping study is well under way and ATW is excited about the upside in the current drill program commencing October 11, 2009. The Burnakura Gold Mine is being put on care and maintenance.

ATW has reached an agreement in principle with Red Kite Explorer Fund Ltd., part of the Red Kite family of funds, pursuant to which Red Kite will transfer the remaining debt from its previously announced Gold Loan at Burnakura (the “Burnakura Gold Loan”) into a 2 year term note (the "Note") secured by the Gullewa Project. At this time, the parties have not agreed as to the final terms of the Note. However, Red Kite has agreed that the loan to Gullewa will not include a gold loan or similar payment-in-kind feature. The Company will announce the final terms of the Note when they have been negotiated.

Gullewa is located 450 kilometers north of Perth, in the Yalgoo mineral fields of Western Australia. Gullewa is a 550 sq kilometer property that hosts several gold deposits of various size and grade, the most significant being the Deflector gold-copper deposit which contains a measured and indicated resource of 369,000 ounces at 6.75 grams per tonne (g/t) gold equivalent (“AuEq”) of and an inferred resource of 400,000 ounces at 7.71 g/t AuEq (gold equivalent ounces, AuEq, are calculated using the ratio: 1% copper = 2.5 g/t gold and a cut-off grade of 1.0 g/t AuEq). Mining infrastructure assets at Gullewa include a 800 tonne per day CIL plant, a licensed tailings disposal facility, a 50-person camp, offices, and workshops.

The ATW Board is disappointed to make the decision to place Burnakura back on temporary care and maintenance status but feels that shareholders interests are best served focusing on Gullewa. ATW will be looking at all avenues to restart production at Burnakura. These include, but are not limited to, investigation of the oxide heap leach potential, continued extensive regional exploration, and/or toll milling.

The General Manager and his Technical team have completed an operational review at Burnakura and have submitted their findings on Oct 2, 2009. The Board convened on October 6, 2009 to review the recommendations. In summary, the new block model developed from recent structural mapping and core drill data is materially different from the block model created during December 2008. The December 2008 model interpreted a single, continuous vein set rather than a series of erratic vein sets with structural offsets. As a result, the new model dramatically changed the mine plan indicating a major increase in higher cost air leg mining and an overall reduction in the mineral inventory. These changes impact heavily on cash flow, to the point where the mine is unprofitable, and the current mine life is limited.

Brent Butler, Chief Executive Officer and President, commented, “We are disappointed at the outcome of the new block model and mine plan. As a result of the operational overview submitted by our technical team, we have decided to place Burnakura on temporary care and maintenance while we focus on getting Gullewa, our flagship project, into production. We are appreciative of the support offered by Red Kite and their commitment to restructure the current gold loan.”

Brent Butler, President and CEO of ATW Gold Corp. is the qualified person under National Instrument 43-101 and has reviewed the contents of this news release.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW Gold Corp.

[diamant01]

ATW Settles Red Kite Burnakura Gold Loan

October 20, 2009

ATW Gold Corp (TSX-V: ATW) (the “Company”) (“ATW”) The Company has entered into a formal written letter agreement (the "Letter Agreement") with Red Kite Explorer Fund Limited (“Red Kite”) to settle all outstanding debts, liabilities and obligations the Company and its Australian subsidiary, ATW Gold Corp. Australia PTY Limited ("ATW Australia") have to Red Kite.

On June 1, 2009, the Company entered into a number of security, guarantee, term note, loan and other agreements and documents (the "Loan Agreements") under which Red Kite agreed to loan funds to the Company in exchange for repayment of the funds and in exchange for acquiring options to market future production from the Company's Burnakura Mine in Western Australia.

The Company recently concluded that it would place the Burnakura Mine on care and maintenance and cease production from it.

The terms of the Letter Agreement call for the payment by the Company to Red Kite of US$3,700,000 (the "Final Payment") on or before October 23, 2009. The terms of the Letter Agreement also call for Red Kite to retain approximately US$1,300,000 in cash and gold assets it now holds which would otherwise have been paid to the Company under the terms of the parties' loan agreements and gold marketing agreements.

Upon the Company making the Final Payment, all agreements between the Company and Red Kite will be terminated. As well, Red Kite, the Company and ATW Australia will execute full and final mutual releases.

As a result of the termination of the gold marketing agreement with Red Kite, the Company will retain and market on its own any production from the Burnakura Mine until it is placed on care and maintenance. The Company is uncertain as to what, if any, proceeds will be realized from this.

The Letter Agreement further terminates all Red Kite security interests in the Company's Australian assets and terminates the Company's guarantee of the indebtedness of ATW Australia.

The Company is negotiating to secure the US$3,500,000 necessary for it to make the Final Payment.

Brent Butler, Chief Executive Officer and President, commented: “We are pleased to retire the gold loan associated with Burnakura. This now allows ATW to explore a number of strategic options for Burnakura that are currently under consideration. ATW will now focus on its Gullewa Mine Project. The latest drill program on Gullewa has commenced, targeting the 400m southern extension to the Deflector block model defined from the June Phase One drill program.”



To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

[diamant01]

ATW Settles Suit with Orvana over Kinbauri Break Up Fee

October 29, 2009

ATW Gold Corp (TSX-V: ATW) (the “Company”) (“ATW”) wishes to announce that it has entered into a settlement (the "Settlement") of its lawsuit (the "Lawsuit") with Kinbauri Gold Corp. ("Kinbauri"). Kinbauri was acquired by Orvana Minerals Corp. ("Orvana") as a wholly owned subsidiary and on September 25, 2009, Kinbauri was delisted from the TSX.

The terms of the Settlement called for Orvana to pay to the Company the sum of $525,000.

The $525,000 was released to the Company yesterday.

The terms of the Settlement also called for the parties to execute documents (the "Releases") releasing each other from any further obligations. The Releases have been signed.

The Company first announced the Lawsuit on September 22, 2009. In the Lawsuit, the Company claimed that Orvana, or in the alternative Kinbauri Gold Corp. ("Kinbauri"), was obligated to pay ATW a break up fee when the Company's proposed merger with Kinbauri did not proceed.

Graham Harris, Chairman commented, "We are pleased with the terms of the settlement. The execution of mutual releases represents an end to this matter and allows both Orvana and us to move forward with our future plans. We wish Orvana well in developing Kinbauri's promising Spanish assets as we focus on our Gullewa Project in Australia."

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

“Brent Butler”

Brent Butler

[Tsuba]

wir wollen die Vergangenheit nicht ausblenden

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der Liebe Gott kam nur bis ...