Atocha Expands Holdings in the Abitibi Greenstone Belt

August 30, 2010 - Vancouver, British Columbia, CANADA – Atocha Resources, (the Company), TSX.V – ATT reports that it continues to focus on gold exploration in the Abitibi Greenstone Belt, mainly in Quebec.   Atocha’s flagship property, the Atkinson (Detour Lake) Property is approximately 3,000 hectares and located in the Abitibi approximately 15km to the south of the Detour Lake gold mine.   Detour (DGC – TSX.V) recently traded at an all time high of $32.65, as its property hosts Canada’s largest pure gold play, with gold reserves of 11.4 million ounces.    To continue to strengthen and develop deeper ties to the Abitibi, an additional property, named the “Trove Claims” has been added to Atocha’s portfolio of gold properties.

Atocha has signed a property option agreement to acquire a 100% interest in a 1,500 hectare property located approximately 8.5km to the southwest of Eagle Hill’s (EAG – TSX.V) Windfall Lake Gold Property.   The area between Val d'Or and Chibougamau, Quebec is known for gold and copper production and for hosting excellent infrastructure for exploration and mining.    Eagle Hill has completed over 330 diamond drill holes with results as high as 52.3 oz/t over 4.8 metres.

Atocha’s Trove Claims cover several areas with excellent potential for orogenic gold deposits as outlined in the report “Assessment of the Potential for Orogenic Gold Deposits in the Abitibi”, a e-SIGEOM geology overlay on the GESTIM Plus website of the Resources Naturelles et Faune Quebec, published in 2006 by Lamotha and Harris.

The option agreement is with an arm’s length party and requires the Company to issue $12,000 cash and 2,500,000 common shares over a period of two years, and incurring work expenditures of $125,000 by August 25, 2012.  Finder’s fees may be payable.  The agreement is subject to TSX Venture Exchange approval.

The Company would also like to announce the expiration of 200,000 options at $0.16 to Consultants and the grant of 300,000 options at $0.10 to Officers and Directors subject to TSX Venture Exchange approval.

Shareholders and Investors are encouraged to sign up to the Company mail list in order to receive timely updates. Please visit www.atocharesources.com or emailinfo@atocharesources.com to add your contact details.

ABOUT ATOCHA

Atocha is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for precious metals and copper.  The Company has option agreements to acquire a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia, the Besshi gold project in B.C., the Atkinson (Detour Lake) gold project in Ontario and the Strike 101-114 Claims near Dawson City, Yukon. 

For further information on Atocha, please refer to www.sedar.com.

For further information, please contact:

Marcy Kiesman, Chief Executive Officer Telephone: 604.696.1111
Facsimile: 888.266.3983
E-mail: mmk@atocharesources.com
Website: www.atocharesources.com