Atlantis Files Amended and Restated Prospectus for its Proposed IPO


VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2012) -

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

Atlantis (the "Company") announces that it has filed an amended and restated prospectus in relating to its initial public offering to change the size of its offering to a minimum of 7,500,000 units at a price of $0.40 per unit for gross proceeds of $3,000,000 and a maximum of 15,000,000 units at a price of $0.40 per unit for gross proceeds of $6,000,000.

The terms of the offering are described in the amended and restated prospectus, which also includes amendments to the Company's financial statements and management's discussion and analysis for the period ended September 30, 2011.

The amended and restated prospectus is available on the SEDAR website at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Terrell, President and Chief Executive Officer

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.

Contact Information:

Atlantis Gold Mines Corp.
(604) 681-9475
(604) 681-9476 (FAX)