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Re: eddiebali post# 3863

Saturday, 10/02/2010 8:41:25 PM

Saturday, October 02, 2010 8:41:25 PM

Post# of 31299
This is an attempt to clarify the association of Atlas and their CEO Jacobsen back in 2007. The following is an old 2007 News Release. It is posted here to clarify KAT Explorations dealings with Atlas.

Atlas Mining Company's Exploration Partner Signs Exploration Agreement
Posted on: Thursday, 18 January 2007, 09:00 CST OSBURN, Idaho, Jan. 18, 2007 (PRIME NEWSWIRE) -- Atlas Mining Company (OTCBB:ALMI), announced today that its 50% joint venture partner, KAT Exploration, Inc., has entered into an Option Agreement with Celtic Minerals, LTD, an Alberta based company. Under the agreement, Celtic has the right to acquire 75% of the jointly held Colliers property on an earn-in basis. Celtic intends to immediately start a drilling program.

http://www.redorbit.com/news/entertainment/806088/atlas_mining_companys_exploration_partner_signs_exploration_agreement/index.html

It is my understanding that this joint venture deal did not go thru and you will note that KATX now owns the Collier Property alone.

Atlas Mining was a separate entity and the fact that there was a possible Joint Venture in the past (in 2007) does not throw any suspicion or guilt upon KATX. I see no reason to associate the CEO (Jacobsen)of Atlas with KATX more than the fact that he was head of a possible joint venture partnership that failed before it ever got off the ground.

Anyone who in business in good faith tries to do business with a crook before it is known that he is a crook, is not guilty of anything. I am glad that the joint venture did not succeed. So we could remain clear of any fallout from Atlas and their CEO.

PARDON ME SIR, BUT I THINK YOUR GOLD HAS ARRIVED!

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