ATAC Resources Ltd. Grants Incentive Stock Options

VANCOUVER, Jan. 9, 2020 /CNW/ - ATAC Resources Ltd. (TSX-V: ATC) announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those parties to purchase up to a total of 2,210,000 common shares at a price of $0.22 for a period of five years. All options will vest on a quarterly basis commencing three months from the date of granting.

About ATAC

ATAC is a Yukon-based exploration company focused on advancing Yukon's premier precious & base metal district. Work on the ~1,700 km2 property has resulted in the Osiris Project Inferred Mineral Resource of 1,685,000 oz of gold at an average grade of 4.23 g/t (in 12.4 Mt), a positive Preliminary Economic Assessment for the Tiger Gold Deposit, and numerous early-stage gold and base metal discoveries. ATAC is well-financed with approximately $10 million in working capital.

On behalf of Management and the Board of Directors of ATAC Resources Ltd.

Graham Downs, President and CEO

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 NEWS RELEASE.

SOURCE ATAC Resources Ltd.

Graham Downs, President and CEO, ATAC Resources Ltd., T: 604-687-2522, [email protected]