ATW Venture Corp (ATW: TSX-V) (Frankfurt: A3N), (the �Company�), is pleased to announce that the Company�s 43-101 compliant Technical Report on the Gullewa Project, authored by S. Godden & Associates Ltd. of the UK, (�SGA� and the �Technical Report�), has been filed on SEDAR, at www.sedar.com

The Gullewa Project is located in the Yalgoo mineral field of Western Australia, some 300 kilometres southwest of the Company�s 100 percent owned Burnakura gold mine. The Project area includes 535.45 square kilometres in 29 contiguous mining tenements in a main tenement block, plus 200 hectares / two square kilometres in a single, separate mining tenement some 55 kilometres northeast of the main tenement block.

The main tenement block covers the prospective central and southern portions of the Gullewa Greenstone Belt and includes Gullewa Mining Centre, the Deflector deposit and the Michelangelo, Rock Steady, King Solomon and Monarch prospects.  In addition to six mined-out or partially mined-out open pits, there are at least five other areas of historical underground workings and up to 80 known soil, geochemical, gravity or aeromagnetic (�geological�) anomalies. Gold or gold-copper mineralization was mined at each of the open pits and underground workings. Available information suggests that each of the geological anomalies might be associated with gold or gold-copper mineralization.

SGA concluded in the Technical Report that �the Gullewa Project covers a large area within which there are a number of opportunities for short to medium-term Project development through exploration, drilling to define additional Mineral Resources, development of an openpit and underground mining operation on the Deflector deposit and the processing of existing stockpiles of mineralized material and tailings.�

Mining infrastructure assets of the Gullewa Project include a Carbon-In-Leach plant, at Gullewa Mining Centre, that, with refurbishment, would be capable of processing up to 300,000 tonnes per annum of gold mineralized material.  Gullewa Mining Centre also includes a licensed tailings disposal facility, a 50-person camp, offices, workshops, bore fields and haulage roads.

The primary focus of the Technical Report is the Deflector deposit, which has Measured and Indicated Mineral Resources totaling 1,704,000 tonnes at an average grade of 4.18 grams per tonne (�g/t�) gold (approximately 229,000 Troy ounces insitu), 6.87 g/t silver and 1.03% copper.  In addition, the Deflector deposit hosts an Inferred Mineral Resource totaling 1,616,000 tonnes at an average grade of 6.5 g/t gold (approximately 338,000 Troy ounces insitu), 3.41 g/t silver and 0.48% copper. The Mineral Resource estimate is based on a 1.0 g/t gold equivalent (�AuEq�) grade cut-off and a 2.5 copper grade equivalence (AuEq = Au g/t + 2.5 x Cu%, silver grades were not considered).

Table 1 - Deflector Deposit Mineral Resources

The database used to compile the Mineral Resource estimate for the Deflector deposit contains data for 687 drill holes (70,967 metres) resulting from various diamond and reverse circulation (RC) drilling campaigns completed from the late 1990s to 2006. The database specifically contains drill hole collar positions, survey information, assay results and lithological rock codes.  Data used in the estimation of the Mineral Resources, as quoted in the Technical Report, was derived from this database.

The Gullewa Project also includes Inferred Mineral Resources at the Michelangelo, King Solomon/New Phoenix and Rock Steady deposits, yielding approximately 89,500 Troy ounces of in situ gold at a 1.0 g/t gold grade cut-off.

Table 2 � Other Mineral Resources, Gullewa Project Area

The database used to compile the mineral resource estimates for the Michelangelo, King Solomon/New Phoenix and Rock Steady deposits contains data from 4,643 drillholes (70,565 metres) resulting from various reverse circulation (RC), rotary air blast (RAB) and grade control drilling campaigns completed from the late 1990s to 2004. The database specifically contains drillhole collar positions, survey information, assay results and lithological rock codes.  Data used in the estimation of the Mineral Resources, as quoted in the Technical Report, was derived from this database.

The Mineral Resources for the Deflector deposit were estimated by Snowden Mining Industry Consultants (Pty) Ltd. of Perth, Western Australia (�Snowden�), in August 2006.  The Mineral Resources for the Michelangelo, King Solomon/New Phoenix and Rock Steady deposits were estimated by Geostat Services (Pty) Ltd. of Stirling, Western Australia (�Geostat�), in May to July, 2004.  Snowden�s and Geostat�s Mineral Resource estimate reports were reviewed by SGA.  The estimation processes were found to be rigorous and thorough; the results are considered to reflect fairly the Mineral Resources available as a consequence of exploration activity across the Gullewa Project area.  The Mineral Resource estimation methods used by both Snowden and Geostat employed ordinary kriging applied to block models, with the search parameters defined from the results of variography analysis.

Stephen J. Godden, F.I.M.M.M.M., C. Eng., is the qualified person under National Instrument 43-101. He is responsible for all sections of the Technical Report and he reviewed the contents of this news release.

To find out more about ATW Venture Corp., please contact Luke Norman at 604-662-8184 or email investor@atwventure.com ..  You may also visit our website at www.atwventure.com ..

ATW VENTURE CORP.

 �Brent Butler�

Brent Butler
President & CEO

�The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.�

�This news release may contain forward�looking statements.  Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.�