GOLDEN, Colo., June 30, 2011 /PRNewswire/ --Atna Resources Ltd.
("Atna" or the "Company") (TSX: ATN/ OTCBB: ATNAF) is pleased to
report that it has signed an agreement to sell 135 unpatented
mining claims in the Atlanta
District, Lincoln County, Nevada.
The purchase and sales agreement provides Meadow Bay Gold Corp.
(TSX.V: MAY) a twelve month option to purchase the property. Terms
of the agreement include an initial consideration of US$150,000 and 400,000 shares of Meadow Bay
common stock. The sale will be finalized upon Atna's receipt of the
final US$100,000 payment on or before
the first anniversary of the agreement. In addition, Atna will
retain a three percent Net Smelter Return Royalty of which one
percent can be purchased by Meadow Bay for US$1,000,000 prior to the fifth anniversary.
The sale of the Atlanta claims
is consistent with our strategy of monetizing or joint venturing
our non-core property assets, while retaining long-term exposure to
any exploration and development success that may result from those
properties through either royalty or equity positions. This allows
us to focus our efforts on advancing or optimizing our core
development and gold production properties," states James Hesketh, President & CEO.
For additional information on Atna Resources, please visit our
website at www.atna.com.
This press release contains certain "forward-looking
statements," as defined in the United
States Private Securities Litigation Reform Act of 1995, and
within the meaning of Canadian securities legislation relating to
potential exploration and development of the Atlanta claims. Forward-looking statements are
statements that are not historical fact. They are based on the
beliefs, estimates and opinions of the Company's management on the
date the statements are made and they involve a number of risks and
uncertainties. Consequently, there can be no assurances that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. The Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change, unless required by law.
Factors that could cause future results to differ materially from
those anticipated in these forward-looking statements include the
risk factors discussed in greater detail in the Company's various
filings on SEDAR (www.sedar.com) with Canadian securities
regulators and its filings with the U.S. Securities and Exchange
Commission, including the Company's 2010 Form 20-F dated
March 23, 2011.
FOR FURTHER INFORMATION, CONTACT:
James Hesketh, President and CEO -
(303) 278-8464
Valerie Kimball, Investor Relations
- toll free (877) 692-8182
www.atna.com
SOURCE Atna Resources Ltd.