Atlas Iron Limited - Statement on Global Exploration Target
Atlas has reported a total resource inventory of 56.7 million tonnes at 56.5% Fe consisting of resources at Pardoo, Abydos and Wodgina. While the Company intends to do further exploration on its tenements and remains optimistic it will report additional resources and reserves in the future, any discussion in relation to targets, resources, reserves or 'ore' over and above the resource of 56.7 million tonnes at 56.5% Fe is only conceptual in nature. There has been insufficient exploration to define a Mineral Resource over and above the resource of 56.7 million tonnes at 56.5% Fe, and it is uncertain if further exploration will result in the determination of a Mineral Resource over and above the resource of 56.7 million tonnes at 56.5% Fe.

Greater Abydos Project - Statement on Exploration Target
Atlas has reported a resource of 8.1 million tonnes at 57.5% Fe at Wodgina, which is part of the Greater Abydos exploration project. While the Company intends to do further exploration in the Greater Abydos area and remains optimistic it will report additional resources and reserves in the future, any discussion in relation to targets, resources, reserves or 'ore' over and above the resource of 8.1 million tonnes at 57.5% Fe is only conceptual in nature. There has been insufficient exploration to define a Mineral Resource over and above the resource of 8.1 million tonnes at 57.5% Fe, and it is uncertain if further exploration will result in the determination of a Mineral Resource over and above the resource of 8.1 million tonnes at 57.5% Fe.

References to Exploration/Production targets and Potential at Weld Range and Mount Gould
While the company remains optimistic it will report resources and reserves in the future at its Midwest DSO Projects, any discussion in relation to exploration targets, resource potential, reserves or 'ore' is only conceptual in nature, as there has been insufficient exploration to define a Mineral Resource at the company's Midwest DSO Projects and it is uncertain if further exploration will result in the determination of a Mineral Resource.