Atlanta Gold Inc. announced that it has issued a Senior Secured Note in the principal amount of $600,000 (the "Note") to Concept Capital Management Ltd. The Note has the same terms and conditions as the company's outstanding Senior Secured Notes in the principal amount of $4 million which were issued in August 2013. The company has also received the approval from a majority of holders of Senior Notes agreeing to extend the maturity date of the Notes by one year to August 31, 2018 and to amend the principal repayment dates so that the Notes will be repayable at the rate of 25%, 35% and 40% on August 31st of 2016, 2017 and 2018, respectively. The Notes bear interest at 10% per annum and are secured by the limited recourse guarantee of the Company's subsidiary, Atlanta Gold Corporation ("AGC"), and by a first mortgage of AGC's interest in its Atlanta Project.

CCM also received an option, exercisable until August 31, 2018, to purchase an aggregate of 627 troy ounces of gold at $1,100 per ounce (being 104.5 troy ounces for each $100,000 principal amount Note), with the option vesting at the rate of 25%, 35% and 40% on August 31, 2016, 2017 and 2018, respectively. The Company's outstanding gold options previously issued with the Notes in August 2013 will be amended to have the same terms and conditions as the gold options being issued to CCM.