Atlanta Gold Inc. announces that P&E Mining Consultants Inc. of Brampton, Ontario has completed an independent updated resource estimate on the company's Atlanta property in Idaho, USA. The estimate incorporates all drilling results to date, including the 57,000 foot core drilling program completed in 2011. P&E estimates an Indicated mineral resource of 752,000 gold ounces within 7.77 million tons at an average grade of 0.097 ounces per ton (3.32 grams per tonne) Au and an Inferred mineral resource of 385,900 ounces contained within 2.72 million tons at an average grade of 0.142 opt (4.87 gpt) Au. Using a gold to silver price ratio of 50.35:1, the updated Indicated mineral resource is 785,000 gold equivalent ounces within 7.77 million tons at an average grade of 0.101 opt (3.46 gpt) AuEq and the Inferred mineral resource is 397,300 AuEq ounces within 2.72 million tons at an average grade of 0.146 opt (5.01 gpt) AuEq.