ATY Atico Mining Corp

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED
STATES OF AMERICA


Atico Mining Corporation ("Atico" or the "Company") (TSX VENTURE:ATY) intends to
undertake a non-brokered private placement financing (the "Private Placement").
The Private Placement provides for the issuance of up to 12,307,693 units (the
"Units") at $0.65 per Unit for aggregate proceeds of up to $8 million. Each Unit
shall consist of one common share (a "Share") and one half of one
non-transferable common share purchase warrant (a "Warrant"). Each whole Warrant
will entitle the holder to purchase an additional Share at $0.90 for a period of
18 months from the date of issuance. The Private Placement is expected to close
in January 2013.


The Shares, and any Shares issued on the exercise of the Warrants, will be
subject to customary securities legislation hold periods. There can be no
assurance that the private placement will be completed as proposed or at all,
and it is subject to a number of conditions, including the approval of the TSX
Venture Exchange ("TSXV") and other applicable regulatory approvals. 


The Company may, at its discretion and subject to TSXV approval, pay a cash fee
of 6% of the aggregate gross proceeds raised through finders pursuant to the
Offering. Certain directors and/or officers of the Company (the "Insiders")
intend to subscribe for Units, which will constitute a related party transaction
within the meaning of Multilateral Instrument 61-101 and TSXV Policy 5.9
(together, the "Policies"). The number of Units which Insiders will purchase is
unknown at this time. 


The Private Placement was approved by the board of directors of the Company,
including all independent directors, as being in the best interests of the
Company, and the Company's board of directors has determined that exemptions
from the formal valuation and minority approval requirements under the Policies
are available.


The proceeds of the offering will be used by Atico for on-going exploration at
the El Roble Project and general working capital purposes.


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. 


ON BEHALF OF THE BOARD

Fernando E. Ganoza, CEO

Atico Mining Corporation

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 included herein,
other than statements of historical fact, including, without limitation, the
completion of the Private Placement and 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 management discussion and analysis of the
Company dated November 26, 2012 and in the prospectus of the Company dated March
2, 2012, each as filed with the Canadian securities regulatory authorities on
the SEDAR website at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atico Mining Corporation
Kim Casswell
Corporate Secretary
+1.604.633.9022
www.aticomining.com

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