Two Named to Atlas Mining Board of Directors

Levy and Weiss Bring Significant Financial, Legal and Corporate
Governance Expertise and Experience
OSBURN, Idaho--(Business Wire)--Atlas Mining Company (Pink Sheets:ALMI) has named John F. Levy and
Morris D. Weiss as independent members of the company's Board of
Directors and announced that Jack Harvey has retired from the Board.

The Board also announced the formation of a special committee to
be chaired by Mr. Levy to investigate the conduct of the Company's
prior management and any issues arising there from and to review and
evaluate the Company's business, financial condition, assets,
strategy, prospects and management and recommend to the Board various
alternatives to improve the Company's performance and prospects.

Mr. Levy is CEO and principal consultant for Board Advisory
Services, a consulting firm that assists public companies (or
companies aspiring to be public) with corporate governance, corporate
compliance, financial reporting and financial strategies. He currently
serves on the Board of Directors and as Audit Committee Chairman of
Take Two Interactive Software, Inc. (NASDAQ: TTWO); on the Board of
Directors, Lead Director and Audit Committee Chairman of Gilman +
Ciocia, Inc. (GTAX.PK); and on the Board of Directors of the New
Jersey Chapter of the National Association of Corporate Directors.
While at Take Two, Mr. Levy led the company's well-publicized
investigation into its stock option granting procedures and served as
a member of the Company's Special Litigation Committee formed to
investigate allegations made in derivative lawsuits against the
Company's management and Board of Directors. At Gilman + Ciocia, Mr.
Levy chaired the Board's Finance Committee charged to review the
corporate financial structure, propose options for potential financial
restructuring and provide a recommendation to the Board on a financing
proposal. His efforts led to a debt restructuring and a capital
infusion into the Company. Mr. Levy has more than 30 years of
financial, accounting and business experience, including nine years
with major public accounting firms and more than 13 years as Chief
Financial Officer of both public and private companies. Mr. Levy is a
Certified Public Accountant and is a graduate of the Wharton School of
the University of Pennsylvania. He holds an MBA from St. Joseph's
University in Philadelphia, PA.

Mr. Weiss is Managing Director and Head of Investment Banking for
Tejas Securities Group, Inc., a subsidiary of Tejas Incorporated. He
co-founded the investment banking department at Tejas, which has
raised capital for private and public companies in a variety of
industries. Mr. Weiss is a member of the Board of Trenwick America
LLC, a private insurance holding company with its subsidiaries in
run-off. From 1997 to 2001, he served as Senior Vice President and
General Counsel for National Bancshares Corporation of Texas
(AMEX:NBT), which was sold in a $100MM transaction at the end of 2001.
Before that Mr. Weiss was a partner with the law firm of Weil, Gotshal
& Manges, LLP in the Business Finance and Restructuring Department,
where he practiced for more than 11 years, the last three as a
partner. Mr. Weiss holds a BS in Finance from Babson College (1981)
and a JD from South Texas College of Law (1985), and is licensed to
practice law in Texas, New York and Florida. He also holds the series
7, 24 and 63 securities licenses and a numerous insurance licenses.

"John and Morris bring a wealth of financial, legal and corporate
governance experience to the Atlas Board," said Company President
William T. Jacobson. "We are fortunate and pleased that they have
agreed to join us. We also thank Jack Harvey for his service to the
Company and wish him a happy retirement."

Mr. Levy said, "I am very pleased and excited to be joining the
Board of Atlas Mining. I believe that the Company has substantial
assets that have not been properly exploited, and I look forward to
working with management to help generate revenue and profits,
specifically from the Dragon Mine halloysite clay deposit in Juab
County, Utah."

Atlas Mining Company is a natural resource company that operates
the Atlas Fausett Contracting Division, an underground mining and
drilling contracting business, and owns the Dragon Mine halloysite
clay deposit in Juab County, Utah.

Safe Harbor Statement: Except for the historical statements made
herein, the statements made in this release are forward-looking
statements. Risk factors that could cause actual results to differ
materially from those projected in forward-looking statements include,
but are not limited to, general business conditions, managing growth,
and political and other business risks. All forward-looking statements
are expressly qualified in their entirety by this Safe Harbor
Statement and the risks and other factors detailed in the Company's
reports filed with the Securities and Exchange Commission. Atlas
Mining Company undertakes no duty to update these forward-looking
statements.

Atlas Mining Company
Bruce Whitehead or Patrick Thomas, 801-532-5322

Copyright Business Wire 2008