Atico Mining Corporation ("Atico" or the "Company") (TSX VENTURE:ATY) is pleased
to announce that drilling has commenced on its optioned, 8,361 hectares El Roble
property in Colombia located 4 hours by paved highway southwest of the city of
Medellin. 


The initial program consists of 16 underground diamond drill holes totaling over
2,000 meters which are part of the "nearfield" mine-vicinity program to explore
for additional, high-grade, massive sulfide bodies lateral to and below the
existing mine workings. Atico's first drill holes will test continuity of
mineralization below the 2,000 level, the lowest production level at El Roble
mine. 


Drill targets have been selected based on detailed underground geological
mapping, geophysics within the mine vicinity (IP/Resisitivity data) and previous
Minera El Roble S.A., Kennecott and Nittetsu drill holes (referenced in El Roble
Technical Report, www.aticomining.com/project/el-roble-colombia/ni-43-101.html).



The underground program is intended to be the first part of a larger drilling
program aimed at increasing resources in the mine area and discovering
additional volcanogenic massive sulfide (VMS) occurrences along the 10 kilometer
prospective trend on the property. 


District Scale Exploration 

The district-scale exploration program at El Roble Project has the potential to
make additional VMS discoveries both adjacent to current mining operations and
within the 10 kilometer prospective trend on the property. As part of the
exploration program to identify additional high-grade VMS lenses, Geotech Ltd.,
a Canadian company which provides full service contract airborne geophysical
surveys, has been retained and is set to commence a 500-line kilometer
helicopter-borne Versatile Time Domain Electromagnetic (VTEM) survey in early
June over the ten kilometer favorable contact. It is anticipated that the VTEM
will help define drill targets as Time domain EM has been shown to be effective
in detecting massive sulphide mineralization at depths up to 200m. Surface
drilling of over 7,500 meters to test EM anomalies is expected to begin in the
third quarter.


Mr. Fernando E. Ganoza, CEO of Atico Mining Corporation, commented, "We are
pleased with the results of the initial exploration program at El Roble project
and welcome the commencement of the underground drilling at El Roble mine. At
the same time, the air-borne VTEM survey moves us forward to our goal of finding
additional high-grade VMS lenses over the 10 kilometer prospective trend on the
property. Atico remains focused on the exploration of El Roble Project in
Colombia while also pursuing additional business opportunities in Latin
America." 


El Roble Property

El Roble property hosts an operating underground copper and gold mine with
nominal capacity of 360 tonnes per day which, 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 indicators.


Atico Mining Corporation

Atico is a growth oriented, copper and gold exploration and development company
focused on mining opportunities in Latin America. The Company's primary property
is the El Roble Project. 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 Dr.
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.


ON BEHALF OF THE BOARD

Fernando E. Ganoza, Chief Executive Officer

Atico Mining Corporation

Symbol: (TSX VENTURE:ATY)

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.


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 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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