Atlas Minerals Inc. ("the Company" or "Atlas") (TSX VENTURE:AMR) is pleased to present results of the first 4 drill holes on the Breccia (3C) Zone of the Company's Tres Chorreras concession (100% interest), located in southern Ecuador. Initial drilling targeted the northern boundary of the Breccia (3C) deposit. The first four drill holes of the Phase 1 30 hole, 6,000 metre drill program intersected significant mineralization.

Results include:

Drill hole #1 (07-16):      68 metres  @ 0.050% Mo and 0.41% Cu including:

     dip -51 degrees        10 metres  @ 0.086% Mo and 1.28% Cu

Drill hole #2 (07-17):      56 metres  @ 0.281% Mo and 0.52% Cu including:

     dip -65 degrees        10 metres  @ 0.630% Mo and 1.32% Cu

Drill hole #3 (07-18):      118 metres @ 0.152% Mo and 0.64% Cu including:

     dip -51 degrees        10 metres  @ 0.363% Mo and 0.52% Cu

Drill hole #4 (08-19):      138 metres @ 0.228% Mo and 0.24% Cu including:

     dip -65 degrees        34 metres  @ 0.633% Mo and 0.71% Cu

The drill holes were angle holes and drilled perpendicular to strike testing the northern extent of the Breccia (3C) deposit. The true thickness is less than the intervals reported; however, the goal was not to test the depth of the deposit with these initial drill holes. The Breccia (3C) deposit is interpreted to be northeast trending and generally steeply dipping. It remains open to the north of drill holes #1 (07-16) and #2 (07-17) (see figure 1).

Additionally, there are reported gold and silver values which are primarily associated with the local sulphide-rich breccia matrices. Values reported are up to 16.55 g/t Au and greater than 300 g/t Ag respectively over 2 metres with the best overall interval obtained in drill hole #3 (07-18) grading 3.3 g/t Au and 61.5 g/t Ag over 12 metres (see Table 1 below).

All holes started in hydrothermal breccias carrying disseminated and fracture controlled Mo-Cu mineralization, with narrow and local high grade sulphide-rich intervals before entering silicified and tourmalinized rhyolite volcanics cut by microdiorite dikes with weak (trace to 0.1% Mo and 0.1 % Cu) fracture controlled mineralization.

The Company is now drilling the 16th hole of the program (#08-30) which is targeting the eastern boundary of the Breccia (3C) zone at depth. Results for holes subsequent to those reported herein will be presented once data is received, compiled and validated.

Table 1: Breccia (3C) Results

--------------------------------------------------------------------------
                                                                        Mo
                                                                     equiv-
                                    Inter-                           alent
Cross        Drill   From      To     val     Mo    Cu    Au    Ag (Mo+0.1
Section       Hole     (m)     (m)     (m)     %     %   g/t   g/t    x Cu)
--------------------------------------------------------------------------
          3C-07-16   0.00   68.00   68.00  0.050  0.41  0.90   3.0   0.091
           dip -51
           degrees
         -----------------------------------------------------------------
280 N    including  44.00   54.00   10.00  0.086  1.28  0.29   4.4   0.214
azimuth  -----------------------------------------------------------------
300       3C-07-17   0.00   56.00   56.00  0.281  0.52  1.07   5.5   0.333
degrees    dip -65
           degrees
         -----------------------------------------------------------------
         including  26.00   36.00   10.00  0.630  1.32  2.65  17.1   0.762
--------------------------------------------------------------------------
          3C-07-18   0.00  118.00  118.00  0.152  0.64  0.76  23.7   0.216
           dip -51
           degrees
         -----------------------------------------------------------------
         including  32.00   44.00   12.00  0.232  1.13  3.30  61.5   0.345
         -----------------------------------------------------------------
240 N          and  70.00   78.00    8.00  0.140  3.01  1.33  68.3   0.441
azimuth  -----------------------------------------------------------------
300            and 100.00  110.00   10.00  0.363  0.52  0.11  56.3   0.415
degrees  -----------------------------------------------------------------
          3C-08-19   0.00  138.00  138.00  0.228  0.24  0.51   7.5   0.252
           dip -65
           degrees
         -----------------------------------------------------------------
         including 104.00  138.00   34.00  0.633  0.71  1.16  25.9   0.704
--------------------------------------------------------------------------

Drill holes 1 and 2 were collared from the same location

Drill holes 3 and 4 were collared from the same location

Analysis was conducted by Multi-element Atomic Absorption Analysis at
Inspectorate Services Peru S.A. following aqua regia digestion on diamond
drill core samples at 2 metre intervals. Mo equivalent was calculated on
the basis of US$25/lb Mo and $2.50/lb Cu which combine to give a ratio of
1% Cu equals 0.1% Mo (Au and Ag not included in the calculation).

Note: 1 gram per metric tonne (g/t) equals 0.029 troy ounce per short ton
1 troy ounce per short ton (oz/ ton) equals 34.28 grams per metric tonne
1% equals 10000 parts per million (ppm) equals 10000 grams per metric tonne

To view figure 1 accompanying this press release please click on the following link: http://media3.marketwire.com/docs/amr0219.jpg.

Qualified Person and Quality Control/Quality Assurance

The work program at Tres Chorreras was designed and is supervised by Donald G. Allen, PEng (B.C.), Vice President of Exploration, Atlas Minerals Inc., who is responsible for all aspects of the work, including the quality control/quality assurance program. Allen is a Qualified Person as defined by National Instrument 43-101. Samples consist of half HTW and NTW-size diamond drill core cut longitudinally by diamond saw on site. Samples were placed in double plastic bags which were sealed and shipped the preparation laboratory of Inspectorate of Ecuador in Quito, where they are crushed and split. Sample pulps were then shipped to Inspectorate Services Peru S.A. in Lima, Peru, for chemical analysis. The quality system of Inspectorate complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025. Analytical accuracy and precision are monitored by the inclusion and analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international standards. This news release was also reviewed by Leslie Smith, PGeol (Alberta), consultant to the company, and also a Qualified Person under National Instrument 43-101.

About Atlas Minerals

Atlas Minerals is a new publicly held mineral exploration company incorporated in Canada with an attractive land package in Ecuador. Atlas Minerals is committed to maximizing shareholder value through our exploration efforts, to improving the social and economic atmosphere for local communities and to protecting the environment by adhering to industry best practice. Our goal is prosperity for all.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS: This press release concerns certain "forward-looking statements", including but not limited to, the statements regarding the Company's strategic plan, work programs and exploration budgets at the Company's Tres Chorreras. The forward-looking statements express, as at the date of this press release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events and results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with industry risks, risks associated with foreign operations, environmental risks and hazards and other risks.

Close: $0.91

Shares outstanding: 28,736,036

SOURCE: Atlas Minerals Inc.

Atlas Minerals Inc. Barry Herring President & CEO (403) 630-0881 (403) 262-4860 (FAX) Email: [email protected] Atlas Minerals Inc. Leslie Vickers Controller (403) 294-5717 (403) 262-4860 (FAX) Email: [email protected] Website: www.atlasminerals.ca