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ATW Gold Corp

Publié le 01 mai 2008

Initiates Gravity Survey on 750 km2 Gullewa Project

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ATW Venture Corp.

ATW Initiates Gravity Survey on 750 km2 Gullewa Project

May 1, 2008

ATW Venture Corp (ATW: TSX-V) (Frankfurt: A3N), ("ATW" or "the Company"), is pleased to announce that a geophysical gravity survey has been initiated at the company's 100% owned Gullewa Project. The Gullewa Project, in the Murchison Province of Western Australia, consists of five exploration licenses and mining leases covering historic mining areas, forming a contiguous block of approximately 750 km2 prospective for gold, iron and base metals.

As part of the Definitive Agreement, $300,000 AUD has been advanced to Batavia to fund the completion of the geophysical gravity survey. The survey will aid in delineating additional drill targets for the company's recently announced 15,000 meter drill program.

The Deflection gold copper deposit was discovered through a combination of magnetics and gravity survey. The Company's program will target the 86 2 northern area known as Greater Deflector and the 167 2 southern area that covers the southern limb of the Gullewa greenstone belt known as Southern Deflector. The survey will be run on a 400m by 80m grid spacing. An infill gravity survey program will be run on a 200m by 40m grid spacing over the areas surrounding the Deflector and Brandy Hill gold copper deposits. It is expected that the survey will be completed by the end of May.

"ATW is looking forward to the results of this program," says Brent Butler, President and CEO of ATW Venture Corp. "The gravity survey coupled with the magnetic surveys will greatly enhance our understanding of the projects geology and has the potential to lead to the discovery of additional Deflector style deposits."

In addition, ATW Venture Corp. is pleased to announce that Jasvir Kaloti, the Company's corporate secretary, has been appointed as the Company's CFO effective immediately. Ms. Kaloti has worked with the Company since its inception. She has over 14 years of experience in the finance industry. In the last 5 years she has worked as a consultant to publically traded mineral exploration companies. Ms. Kaloti completed her BBA from Simon Fraser University in 1993.

The contents of this news release have been reviewed by Brent Butler who is a qualified person as defined by National Instrument 43-101. 

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."

ATW Gold Corp

EN DÉVELOPPEMENT
CODE : ATW.V
CUSIP : 049875
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ATW Gold est une société de production minière d'or basée au Canada.

ATW Gold détient divers projets d'exploration en Australie.

Son principal projet en développement est BURNAKURA MINE en Australie et ses principaux projets en exploration sont COBRA GOLD, GULLEWA, GUNBARREL PROJECT et GAYSCONE en Australie et AMARILLO en Argentine.

ATW Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 634 800 CA$ (507 556 US$, 468 352 €).

La valeur de son action a atteint son plus haut niveau récent le 26 mars 2010 à 3,00 CA$, et son plus bas niveau récent le 14 février 2020 à 0,01 CA$.

ATW Gold possède 63 480 000 actions en circulation.

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