Atlas Gold Limited delivers Quarterly Report on Western Australian Exploration Activities

Sydney, Oct 30, 2005 AEST (ABN Newswire) - Atlas Gold (ASX: AGO) reports drilling programme repoorts:

'Direct Shipping' grade drill intercepts achieved in maiden iron ore drilling programme at Pardoo.

Results include;

Bobby    - 18 metres at 62.4 % Fe 
         - 10 metres at 62.2% Fe 
         - 6 metres at 62.86 % Fe 

New iron ore drill targets identified through detailed mapping and rock chip traverse sampling programmes.

Results include;

Alice              - 24.33 metres at 63.18 % Fe 
Olivia Extensions  - 47.0 metres at 60.08 % 
Fe South Limb      - 28.16 metres at 60.77 % Fe 
Bobby Extensions   - 26.07 metres at 60.19 % Fe 
Orson              - 40.81 metres at 62.4% Fe 
Grant              - 27.0 metres at 60.2% Fe 

Goldsworthy Agreement - Increased Pardoo Project landholding from 114 km 2 to 604 km 2 from Independence Group and CO2 Group, includes South Limb iron ore prospect.

Turner River Agreement
Acquired a further 413 km 2 of prospective iron ore tenure 50 km from Port Hedland from De Grey Mining. Area includes the Wallareenya channel iron deposit (CID).

Western Shaw Project
New tenement application on which 7 channel iron deposits have been identified and rock chip sampled, returning results up to 62.66 % Fe.

Agreement to raise up to $6m through placement to LinQ Corporate to accelerate iron ore exploration and project development.