Atlas Salt provided the following update on its 100%-owned Great Atlantic Project, North America's premier undeveloped salt deposit in the heart of a large regional U.S./Canadian road salt market facing a significant domestic production shortfall. Successful Large Step-Outs From CC-4: Ongoing drilling is currently testing an area approximately 250 meters east of historic Atlas hole CC-4 that returned a gross thickness of 335 metres grading 96.8% salt starting only 190 metres downhole. Each widely-spaced drill hole in 2022 has encountered the thick salt bed at varying depths between approximately 250 meters and 335 metres within the depth profile of previous drilling.

Current drilling will upgrade the classification of the Inferred salt resource in the area of the proposed mining. Baseline Environmental Studies Completed: Atlas has completed, through Gemtec Consulting Engineers and Scientists, baseline environmental studies of the Great Atlantic Salt area. The final report is forthcoming.

These surveys provide current environmental data which will assist with the environmental permitting process for mine development.