Atlantic Industrial Minerals: Private Placement Closed

Colin J. MacDonald, President and CEO of Atlantic Industrial Minerals
Incorporated. ("AIM") (TSX VENTURE:ANL.H) announces:


Private Placement Closed

The $135,000 non-brokered private placement announced September 2, 2011 has
closed with 666,666 common shares at a price of $0.075 per share totalling
$50,000 and 850,000 'flow through' common shares at a price of $0.10 per share
totalling $85,000 being issued. The private placement proceeds will be used for
required assessment work on AIM'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 directors of the
company participated in the placement. The shares are subject to a hold period
until April 16, 2012.


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.