Mineralization Extended Along Western Trend At Valerian Project

TORONTO - ATEX Resources Inc. has completed drill holes ATXD-22A and ATXD-23 in its Phase III drill campaign at the Valeriano Copper-Gold Project located in Atacama Region, Chile.

Highlights include: ATXD-23 intersected 550 meters of mineralized early porphyry, between 1,500 and 2,050 meters downhole; ATXD-23 extends the strike length of the Western Trend by approximately 200 meters north of hole ATXD-11B that intersected 1,342.5 meters of 0.73% CuEq (0.46% Cu, 0.31 g/t Au and 43 ppm Mo); Copper mineralization in the early porphyry consists mainly of chalcopyrite and to a lesser extent bornite, consistent with mineralization observed in ATXD-11B; Additionally, ATXD-23 intersected 650 meters of chalcopyrite-bearing Rock Milled Breccia (RMB) above the early porphyry interval from a depth of 850 meters downhole to the porphyry contact at 1,500 meters; ATXD-22A (daughter hole) drilled southeast out of ATDX-22 intersected altered chalcopyrite bearing RMB and mineralized late porphyry units; The final two holes of the program, ATXD-24 and ATXD-22B are anticipated to be completed soon; and Complete assays for ATXD-23 and ATXD-22A expected shortly.

"Our Phase III drill program continues to successfully deliver on its objectives with hole ATXD-23 significantly extending the newly discovered Western Trend which remains open along strike to the northeast," stated Raymond Jannas, President, and CEO. "We have now confirmed 750 meters of strike extent along the Western Trend between drill holes VAL-09 and ATXD-23, demonstrating continuity of the geology and mineralization within this new trend."