2 July 2010

Atlas welcomes key decision on access to BHP

Atlas Iron (ASX:AGO) welcomes the Australian Competition Tribunal’s decision to declare BHP Billiton’s Goldsworthy railway in the region of Western , saying the move helped pave the way for opportunities for substantial increases in Atlas’ production. Atlas’ Managing Director David Flanagan said he agreed wholeheartedly with the Tribunal’s finding that “it would not be contrary to the public interest” for third parties to be granted access to the Goldsworthy railway and associated infrastructure. The Goldsworthy railway is within close proximity to some of Atlas’ key iron ore deposits, running directly to Port Hedland, adjacent to existing and planned multi user port infrastructure. While there is still a number of issues to be resolved it will now be seriously considered as a means for transporting ore to Port Hedland. Atlas’ Managing Director David Flanagan said that “This is another step on the road to shared rail infrastructure which would ultimately support many companies and new long life projects with the potential to create of thousands of new jobs and gain billions of dollars in extra export revenues for the benefit of all Australians.”

Background on Atlas Limited is mining and exporting from its 100%-owned Pardoo Iron Ore project, located 75 kilometres by road from Port Hedland in the Pilbara region of . Atlas has also just started mining at its Wodgina DSO Project in the Pilbara. Atlas shipped over 1 million tonnes of Pardoo Direct Shipping Ore (DSO) in its first year of operation. Following commissioning of the Utah Point port facility, which is expected to occur in late Q3 2010, Atlas expects to be exporting at an annualised rate of 6 million tonnes by December 2010.

For further details, please contact David Flanagan Managing Director Tel: +61 8 9476 7900