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October 2017

Atlantic Gold

Atlantic Gold
C$16m
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Atlantic Gold

Co-Lead Manager (Follow-on)
Metals and Mining Equity Capital Markets

Canaccord Genuity acts as co-lead underwriter for Atlantic Gold Corporation to raise gross proceeds of C$16 million

Canaccord Genuity is pleased to announce that on October 5, 2017, Atlantic Gold Corporation (TSX-V: AGB) (“Atlantic” or the “Company”) completed a three-tranche bought deal offering for gross proceeds of C$16,000,465 (the “Brokered Offering”). Tranche one consisted of 2,777,000 flow-through shares (“FT Shares”) sold at a price of C$1.80 per FT Share. Tranche two consisted of 3,825,000 FT Shares sold on a charitable basis at a price of C$1.83 per FT Share. Tranche three consisted of 2,858,000 common shares sold at a price of C$1.40 per common share. The Brokered Offering was co-led by Canaccord Genuity Corp., BMO Capital Markets, and Raymond James Ltd.

The final closing of the Brokered Offering comprising an additional brokered private placement of 835,000 FT Shares sold at a price of C$1.80 per FT Share for estimated gross proceeds of C$1,503,000 is expected to close on or about October 24, 2017.

The proceeds from the Brokered Offering will be used to fund engineering, feasibility and environmental permitting work for the Company's Phase 2 expansion study, which will include the Company's Cochrane Hill and Fifteen Mile Stream deposits, transaction fees associated with the Brokered Offering, as well as for general working capital purposes. The FT Share proceeds will be used to fund "Canadian exploration expenses" (within the meaning of the ITA) on or prior to December 31, 2018 for renunciation to subscribers of FT Shares effective December 31, 2017.

Atlantic Gold Corporation is Canada's next open pit gold mine slated for first production in October 2017. Phase one life of mine will produce 87,000 oz. gold / year over a minimum 8.5 year mine life at All-in Sustaining Costs of C$690/oz. Additional satellite deposits containing 850,000 oz's measured & indicated within pit shells and 309,000 oz's inferred are currently under feasibility study and have potential to add significantly to life of mine production.