Atlanta Gold Seeks Extension of Time to Pay Penalty

TORONTO, Nov. 1, 2012 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the 
"Company") announces that the Company's wholly-owned subsidiary, Atlanta Gold 
Corporation ("AGC") has requested from the U.S. District Court for the State 
of Idaho a six-month extension of the time to pay the US$2,000,000 
Court-imposed penalty pertaining to AGC's non-compliance with the United 
States Federal Water Pollution Control Act ("Clean Water Act") with respect to 
treatment of water discharge at the historic 900 level adit (the "Adit") 
located near Atlanta, in Elmore County, Idaho. The Court's Decision of July 
19, 2012 had ordered AGC to pay the penalty by October 31, 2012. 
The Court's Decision, as amended, had also ordered AGC to achieve compliance 
with the terms of the NPDES Permit regulated under the Clean Water Act by 
December 15, 2012. AGC has acted promptly and made substantial efforts to 
install upgrades to the pilot water treatment facility ("PWTF") which are 
expected to be fully operational by November 15, 2012. The new and proprietary 
passive water treatment system is expected to reduce the maximum arsenic level 
to less than 10 micrograms per liter (10 µ/L) or parts per billion, thus 
enabling compliance with the Clean Water Act. 
The Company is presently evaluating a number of financing alternatives in 
order to raise the funds necessary to pay the US$2 million penalty. 
About the Company Atlanta Gold Inc. holds through its 100% owned subsidiary, 
Atlanta Gold Corporation, leases, options or ownership interests in its 
Atlanta properties which comprise approximately 2,159 acres (8.74 square 
kilometers) located 90 air kilometers east of Boise, in Elmore County, Idaho. 
A long history of mining makes Atlanta very suitable for development of new 
mining projects. The Company is focused on advancing its core asset, 
Atlanta, towards mine development and production. 
Forward-Looking Information
This news release contains forward-looking information and forward-looking 
statements (collectively "forward-looking statements") within the meaning of 
applicable securities laws. All statements, other than statements of 
historical fact, are forward-looking statements. We use words such as "may", 
"intend", "will", "should", "anticipate", "plan", "expect", "believe", 
"estimate" and similar terminology to identify forward-looking statements, 
including with respect to the time necessary to complete the upgrades to the 
pilot water treatment facility and the ability of the system to achieve 
compliance with the NPDES Permit. Such are based upon assumptions, estimates, 
opinions and analysis made by management in light of its experience, current 
conditions and its expectations of future developments as well as other 
factors which it believes to be reasonable and relevant. These assumptions 
include the availability of requisite equipment and manpower, and the ability 
to achieve operating estimates. Forward-looking statements involve known and 
unknown risks, uncertainties and other factors that may cause our actual 
results to differ materially from those expressed or implied in the 
forward-looking statements and accordingly, readers should not place undue 
reliance on those statements. Risks and uncertainties that may cause actual 
results to vary include, but are not limited to, the Court's discretion to 
refuse the relief requested and to impose additional financial and other 
sanctions against AGC, the Company's and AGC's limited financial resources and 
their ability to raise sufficient funds on a timely basis to carry out the 
terms of the Court's order (whether or not such order is amended), achieve its 
business objectives and continue as a going concern; operational and technical 
difficulties; changes in general economic conditions and in the financial 
markets; as well as other risks and uncertainties which are more fully 
described in the Company's annual and quarterly Management's Discussion and 
Analysis and in other Company filings with securities and regulatory 
authorities which are available at Should one or more risks and 
uncertainties materialize or should any assumptions prove incorrect, then 
actual results could vary materially from those expressed or implied in the 
forward-looking statements and accordingly, readers should not place undue 
reliance on those statements. Readers are cautioned that the foregoing lists 
of risks, uncertainties, assumptions and other factors are not exhaustive. 
The forward-looking statements contained in this news release are made as of 
the date hereof and the Company undertakes no obligation to update publicly or 
revise any forward-looking statements contained herein or in any other 
documents filed with securities regulatory authorities, whether as a result of 
new information, future events or otherwise, except in accordance with 
applicable securities laws. 
Atlanta Gold Inc. Wm. Ernest Simmons President and CEO Telephone: (208) 
424-3343 Fax: (208) 338-6513  Atlanta 
Gold Inc. Bill Baird VicePresident and CFO Telephone: (416) 777-0013 
Fax: (416) 777-0014  CHF Investor Relations 
Jeanny So Senior Account Manager Telephone: (416) 868-1079 ext. 225 Fax: 
(416) 868-6198   
SOURCE: Atlanta Gold Inc. 
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CO: Atlanta Gold Inc.
ST: Ontario
-0- Nov/01/2012 12:32 GMT
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