ATY Atico Mining Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES. 


Atico Mining Corporation ("Atico" or the "Company") (TSX
VENTURE:ATY)(PINKSHEETS:ATCMF) is pleased to announce that further to its news
releases dated August 15, 2013 and September 17, 2013, it has closed its
brokered private placement (the "Brokered Offering") of 24,600,000 units at a
price of C$0.45 per unit (the "Units") for gross proceeds of C$11,070,000 and
its non-brokered private placement (the "Non-brokered Offering" and together
with the Brokered Offering, the "Offering") of 11,869,744 Units for gross
proceeds of approximately C$5,341,385. The Company is also pleased to announce,
as part of the Brokered Offering, the closing of the Agents' Option (defined
below) of 6,700,000 Units at a price of $0.45 per Unit for additional gross
proceeds of C$3,015,000. 


Each Unit consists of one common share of the Company and one-half of one common
share purchase warrant (each whole common share warrant, a "Warrant"). Each
Warrant is exercisable into one common share of the Company until September 19,
2015 at an exercise price of C$0.65 per common share. 


Brokered Private Placement

The Brokered Private Placement was led by Canaccord Genuity Corp. (the "Lead
Agent") on behalf of a syndicate of agents including Stifel Nicolaus Canada Inc.
and Stonecap Securities Inc. (collectively, the "Agents"). The Agents arranged
for the sale of 24,600,000 Units and exercised the option granted to the Agents
by the Company (the "Agents' Option") to arrange for the purchase and sale of an
additional 6,700,000 Units. 


The Agents received a cash commission in an aggregate amount of C$814,050 in
connection with the Brokered Offering (inclusive of the Agents' Option). In
addition, as additional consideration for the provision of strategic and ongoing
advice as to the Company's capital strategy, the Lead Agent received 400,000
units (the "Corporate Finance Fee Units"). Each Corporate Finance Fee Unit has
the same characteristics of a Unit, except that the Warrants comprising the
Corporate Finance Fee Units are non-transferable.


Non-brokered Private Placement

The Company also closed its previously announced Non-brokered Offering of
11,869,744 Units. In connection with the Non-brokered Offering, certain finders
received a cash commission of up to 6% of the gross proceeds raised by such
finder. 


Debt Financing

The Company is also pleased to announce that, further to its news releases dated
August 15, 2013 and September 17, 2013, it has entered into a definitive
agreement with Trafigura Pte. Ltd. ("Trafigura") with respect to a senior
secured repayable debt facility of US$8,000,000 (the "Debt Financing"). Once an
initial advance is made under the Debt Financing, the funds will have a
repayment term of 48 months, with annual carried interest of LIBOR plus 9%,
payable quarterly, subject to a 12 month grace period (with the first repayment
date being 15 months from the date of the first advance).


General

All securities issued pursuant to the Offering are subject to a hold period
expiring January 20, 2014.


The proceeds raised under the Offering and the Debt Financing will be used for
the exercise of the El Roble property option, capital expenditure, exploration
and for general working capital purposes. 


About 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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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, including, 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 the use of proceeds 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Atico Mining Corporation
Igor Dutina
Investor Relations
+1.604.633.9022
www.aticomining.com

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