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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 8, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

ATAC Resources Ltd. (TSX VENTURE:ATC) ("ATAC" or the "Company") is pleased to announce that it has arranged a non-brokered private placement to consist of the sale of up to 3,333,333 flow-through shares at a price of CDN$7.50 per share, to raise gross proceeds of up to CDN$25 million (the "Offering").

The Company has agreed to allocate a portion of the Offering to subscribers found by Axemen Resource Capital Ltd. ("Axemen"), and may agree to similar allocations to other exempt market or investment dealers. The Company will pay finder's fees equal to 5% of subscription amounts found, payable in cash or shares, plus issue finder's warrants in an amount equal to 5% of shares subscribed for, with each such finder's warrant to be exercisable into one common share of the Company at a price of CDN$7.75 for 18 months from closing.

Closing of the Offering is anticipated to occur on or before March 8, 2011 and is subject to receipt of TSX Venture Exchange acceptance. Securities issued under the Offering will be subject to a hold period which will expire four months and one day from the date of closing.

The proceeds from the Offering will be used to continue exploration on ATAC's wholly-owned Rau Gold Project in the Keno Hill District of central Yukon.

ATAC is a well-funded, Yukon-based exploration company focused on developing Canada's only Carlin-type gold discovery at its 100% owned, Rau Gold Project. For additional information concerning ATAC Resources Ltd., please visit our website at [ www.atacresources.com ].

On behalf of the Board,

Graham Downs, CEO

ATAC Resources Ltd.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States. The Company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.