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Atna Provides Additional Information on its Pinson Mine; Shares Near Yr Lows

Atna Resources Ltd. (ATN.TO), near a year low 20.5 cents, provided more detail on the announcement of May 29, 2013, advising of its intention to reduce the scale of underground mining operations at its Pinson gold mine located near Winnemucca, Nevada. The company has made the decision to reduce the mining rate in order to:

Concentrate on ore mining from accessible, already developed ore stopes.

Review and reconsider different options to improve the mine plan, in the light of experience gained during the initial development and mining completed to date. Mining and ore control methods utilized in the startup phase of the operation produced unacceptably low productivity levels, resulting in less ore production than expected in the feasibility study.

Reduce the cash requirements for ongoing stope development while the mine plan is revised. The recent drop in gold price has impacted Atna's cash flow and financial ability to maintain an accelerated pace of development.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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