ATLDF Atlanta Gold Inc (CE)

TORONTO, Aug. 27, 2013 /CNW/ - Atlanta Gold Inc. (TSXV: ATG; OTCQX: ATLDF) (the "Company") announces that the Company's wholly-owned subsidiary, Atlanta Gold
Corporation ("AGC") and all parties to the compliance litigation brought under the United
States Federal Water Pollution Control Act ("Clean Water Act") have agreed to a payment plan whereby AGC will pay the previously
imposed US$2 million penalty over a five year period.

The parties to the Clean Water Act litigation, including the U.S.
Attorney as intervenor in the matter, have signed an Unopposed Motion
for Consent Judgment and approved a proposed Consent Judgment for
signature by the Court. The Motion and correlating Consent Judgment
provide that AGC will pay the US$2 million penalty in quarterly
installments over a five year period, with the installment amounts
increasing on an annual basis.  The unpaid balance of the penalty will
bear interest at the rate of 0.1% per annum and will be secured by
recording the Consent Judgment against AGC's Amity property located in
Boise, Idaho and by a security interest, granted to the U.S Attorney's
office, in four generators owned by AGC located on the Amity property.
AGC has made an initial payment of US$50,000 pursuant to the provisions
of the Motion.

The Motion and proposed Consent Judgment have not been filed, as the
parties are awaiting an Order from the Court approving the U.S.
Attorney's intervention in the case, to which all parties stipulated.
 Following the filing of the Motion and proposed Consent Judgment, it
is anticipated that the Court will sign and enter the Consent Judgment
to the payment plan.

About the Company

Atlanta Gold Inc. holds through its 100% owned subsidiary, Atlanta Gold Corporation,
leases, options or ownership interests in its Atlanta properties which
comprise approximately 2,159 acres (8.74 square kilometres) located 90
air kilometers east of Boise, in Elmore County, Idaho. A long history
of mining makes Atlanta very suitable for development of new mining
projects.  The Company is focused on advancing its core asset, Atlanta,
towards mine development and production.

Forward-Looking Information



This news release contains forward-looking information and
forward-looking statements (collectively "forward-looking statements")
within the meaning of applicable securities laws with respect to the
Court signing and entering the Consent Judgment in respect of payment
by AGC of the penalty imposed under the Clean Water Act. Such are based
upon assumptions, opinions and analysis that management believe to be
reasonable and relevant, including that the Court will approve the U.S.
Attorney's intervention in this matter and will approve the Consent
Judgment to give effect to the payment plan.  Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from those
expressed or implied in the forward-looking statements and accordingly,
readers should not place undue reliance on those statements. Risks and
uncertainties that may cause actual results to vary include, but are
not limited to, the discretion of the Court to accept or reject the
Consent Judgment on the terms proposed or to impose additional or
amended terms and the Company's and AGC's limited financial resources;
as well as other risks and uncertainties which are more fully described
in the Company's annual and quarterly Management's Discussion and
Analysis and in other Company filings with securities and regulatory
authorities which are available at www.sedar.com. Should one or more risks and uncertainties materialize or should any
assumptions prove incorrect, then actual results could vary materially
from those expressed or implied in the forward-looking statements and
accordingly, readers should not place undue reliance on those
statements. Readers are cautioned that the foregoing lists of risks,
uncertainties, assumptions and other factors are not exhaustive.  The
forward-looking statements contained in this news release are made as
of the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking statements contained herein or
in any other documents filed with securities regulatory authorities,
whether as a result of new information, future events or otherwise,
except in accordance with applicable securities laws.

To receive Company news via email, contact bren@chfir.com and mention "Atlanta Gold News" in the subject line.

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SOURCE Atlanta Gold Inc.