Atlantic Industrial Minerals $125,000 Private Placement

Colin J. MacDonald, President and CEO of Atlantic Industrial Minerals
Incorporated. ("AIM") (TSX VENTURE:ANL) announces the company will proceed with
a private placement of up to C$125,000.


Private Placement

AIM will proceed with a private placement of up to C$125,000. The non-brokered
private placement will be comprised of up to 666,666 common shares at a price of
$0.075 per share totalling $50,000 and up to 750,000 'flow through' common
shares at a price of $0.10 per share totalling $75,000. The proceeds from the
placement will be used for required assessment work on the company's Glencoe
property, payment of the non-refundable deposit on the Glencoe-Kewstoke
acquisitions, and for general corporate purposes including reduction of accounts
payable. The placement is subject to regulatory approval. The directors of the
company will participate in this placement.


On behalf of the Board

Colin MacDonald

President & CEO 

This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address future exploration drilling,
exploration activities and events or developments that the Company expects, are
forward looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions.