Atna Resources Ltd. ("Atna") - (TSX: ATN) has entered into a Supplemental Agreement to the Sand Creek Uranium Project Exploration, Development and Mine Operating Agreement dated
Atna will be carried at no expense while High Plains spends the funds to increase its interest. High Plains may either provide notice of completion of its expenditures or terminate their earn-in right with prior notice. If High Plains terminates its accelerated earn-in right, they will be credited for expenditures made and their equity in the project will increase accordingly. If they do not earn up to a 50 percent position, then Atna will assume the role of operator in the project. At termination or completion of the Supplemental Agreement, the existing Exploration, Development and Mine Operating Agreement will remain effective and the partners' operating interests will be set in proportion to the amount of their respective expenditures.
High Plains has submitted a work plan and budget for 2009 detailing
The Sand Creek uranium joint venture area of interest, located south east of
This press release was prepared under the supervision and review of
For additional information on Atna and its exploration and development projects, please visit our website at www.atna.com.
This press release contains certain "forward-looking statements," as defined in