ATAC Resources Ltd. closes $13,000,000 Private Placement with Agnico-Eagle Mines Limited

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 22, 2013) - ATAC Resources Ltd. (TSX VENTURE:ATC) ("ATAC") announces the closing of the $12,960,000 private placement with Agnico-Eagle Mines Limited ("Agnico-Eagle") announced on March 19, 2013, consisting of the sale of 9,600,000 units at a price of $1.35 per unit, each unit consisting of one common share and one-half of one share purchase warrant, each whole warrant entitling the holder to purchase one additional common share at a price of $2.10 until September 22, 2014, provided that, in the event the closing price of ATAC's shares as traded on the TSX Venture Exchange exceeds $3.00 for a period of 10 consecutive trading days subsequent to July 23, 2013, ATAC may give notice of an earlier expiry of the warrants, in which case they would expire 30 calendar days from the receipt of such notice. As a result of its participation in this private placement, Agnico-Eagle now owns 8.48% of ATAC's issued and outstanding share capital on an undiluted basis (12.21% on a partially diluted basis if all warrants are exercised). Agnico-Eagle also has a participation right pursuant to which, during the two-year period following the closing of the private placement, and provided it owns more than five percent of the then issued and outstanding common shares of ATAC (taking into account convertible securities owned by Agnico-Eagle), it has the right to participate in certain subsequent equity offerings by ATAC on the same terms as other participants in such offerings in order to maintain its pro-rata investment in ATAC.

All of the securities issued pursuant to this private placement are subject to a hold period until July 23, 2013.


About ATAC

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


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

Graham Downs
CEO



The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for the sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

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.

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.



Contact

ATAC Resources Ltd.
Vanessa Pickering, Manager, Corporate Communications
604-687-2522 ext. 260
vpickering@nordacres.com
www.atacresources.com