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Monday, November 30, 2009

ATAC Resources Ltd. Announces Closing of Private Placements Totalling $9,152,500

ATAC Resources Ltd. Announces Closing of Private Placements Totalling $9,152,500


VANCOUVER, BRITISH COLUMBIA-- Nov. 30, 2009 -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

ATAC Resources Ltd. ("ATAC" or the "Company") (TSX VENTURE:ATC) is pleased to announce the closing of the following private placements, as originally announced by News Release dated November 5, 2009, as amended by News Release dated November 9, 2009:

(a) a 7,725,000 unit private placement at $0.90 per unit, for gross proceeds of $6,952,500, with each unit consisting of one common share and one-half (1/2) of one share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $1.25 until November 26, 2011, provided that, in the event the closing price of ATAC's shares as traded on the TSX Venture Exchange is $1.40 or greater for 10 consecutive trading days, ATAC may give notice of an earlier expiry of the warrants, in which case they would expire 30 calendar days from the giving of such notice; and

(b) a 2,000,000 flow-through share private placement at a price of $1.10 per share, for gross proceeds of $2,200,000.

In connection with the closing of these private placements, ATAC has issued the following securities in payment of finders' fees:

(a) 213,887 finders' units, each consisting of the same securities as the units comprising the 7,725,000 unit private placement disclosed above; and

(b) 429,305 finders' warrants, each entitling the holder to purchase one common share at a price of $0.95 until November 26, 2011, subject to the same potential earlier expiry applicable to the warrants comprising a part of the 7,725,000 unit private placement disclosed above.

All of the securities issued in connection with the closing of these private placements, including the securities issued in payment of finders' fees, are subject to a hold period in Canada until March 27, 2010.

ATAC is a well-funded junior mining company focused on gold. For additional information concerning ATAC Resources Ltd. or its various exploration projects please visit ATAC's website at www.atacresources.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact

ATAC Resources Ltd.Graham DownsCEO 604-687-2522 604-687-2522
graham@nordacres.comwww.atacresources.com


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