VMS Vortex Metals Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS WIRE SERVICES

Atico Mining Corporation (TSX VENTURE:ATY) ("Atico" or the "Company") is pleased
to announce that today it has successfully closed its initial public offering of
common shares (the "Offering"). Pursuant to the Offering, Atico issued
20,000,000 common shares at a price of C$0.50 per common share, for aggregate
gross proceeds of C$10 million. Upon the closing of the Offering, there were
36,761,111 common shares issued and outstanding, of which 12,819,444 common
shares were being held in escrow.


The Company will be using the net proceeds of the Offering to fund exploration
at the El Roble project, as well as general, administrative and working capital
purposes.


The common shares are expected to begin trading on the TSX Venture Exchange on
March 13, 2012 under the symbol "ATY". 


Canaccord Genuity Corp. ("Canaccord Genuity") acted as agent in connection with
the Offering. For its services, in addition to reimbursement for its reasonable
expenses and legal fees incurred in connection with the Offering, Canaccord
Genuity received a cash commission equal to 7% of the gross proceeds of the
Offering, 250,000 common shares and 1,600,000 warrants to purchase common shares
at an exercise price of $0.50 per common share, exercisable within twenty-four
months from the closing of the Offering. 


El Roble Property

El Roble Property, located in the Choco department of Colombia, hosts an
operating underground copper and gold mine with nominal capacity of 360 tonnes
per day that, over the past twenty-two years, has processed 1,468,871 tonnes of
mineralized material at an average grade of 2.5% copper and estimated gold grade
of 2.5 g/t. Copper and gold mineralization at the El Roble Property occurs in
volcanogenic massive sulfide ("VMS") lenses. Exploration over the past two years
has defined a productive contact and an enclosing package of host rocks
extending for a distance of 10 km across the El Roble Property. This entire
strike length is marked by VMS mineralization occurrence indicatiors. These
mineral occurrences will become the focus of the Company's exploration program. 


The El Roble Property is the subject of a technical report commissioned by
Atico, dated February 24, 2012. Reference should be made to the full text of the
technical report, which is available for review under the Company's profile on
the SEDAR website at www.sedar.com.


The Company has an Option Agreement to acquire 90% of the company that controls
El Roble property for staged payments of US$2.25 million over two years (of
which US$550,000 has been paid) and a lump-sum payment of US$14 million upon
exercise of the El Roble Option. The El Roble Option can be exercised at any
time during the two-year option period, upon payment in full of the aggregate
option price that remains outstanding at the time the option is exercised. The
option period can be extended for an additional year at the option of Atico upon
notice by Atico to MINER 60 days in advance of the expiration of the initial
option term and payment of an additional US$1.2 million. 


About the Company

Atico is a growth oriented, copper and gold exploration and development company
focused on mining opportunities in Latin America. Our primary exploration
project is the El Roble Property. The Company is selectively pursuing additional
acquisition opportunities. For more information, please visit our website at
www.aticomining.com.


The technical information in this press release has been approved by Mr.
Demetrius Pohl, Ph.D., AIPG Certified Geologist, a qualified person for the
technical information in this press release under NI 43-101 standards, and
independent of the Company.


No securities regulatory authority has either approved or disapproved of the
contents of this news release. The securities being offered 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 in the United States, or to, or for the account or benefit
of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act)
unless pursuant to an exemption therefrom. This press release is for information
purposes only and does not constitute an offer to sell or a solicitation of an
offer to buy any securities of the Company in any jurisdiction.


For further information about the Company, please refer to the Company's filings
on SEDAR (www.sedar.com).


CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This announcement includes certain "forward-looking statements" within the
meaning of Canadian securities legislation. All statements, other than
statements of historical fact, included herein, without limitation the use of
net proceeds, are forward-looking statements. Forward-looking statements involve
various risks and uncertainties and are based on certain factors and
assumptions. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Company's expectations include
uncertainties related to uncertainties relating to interpretation of drill
results and the geology, continuity and grade of mineral deposits; uncertainty
of estimates of capital and operating costs; the need to obtain additional
financing to maintain its interest in and/or explore and develop the Company's
mineral projects; uncertainty of meeting anticipated program milestones for the
Company's mineral projects; and other risks and uncertainties disclosed under
the heading "Risk Factors" in the prospectus of the Company dated March 2, 2012
filed with the Canadian securities regulatory authorities on the SEDAR website
at www.sedar.com.

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