Atico Completes Acquisition of Producing Copper-Gold Mine and Closes US$8 Million Debt Facility

Atico Mining Corporation (TSX VENTURE: ATY)(PINKSHEETS:ATCMF) has successfully
completed the acquisition of 90% of Minera El Roble (MINER), the owner of El
Roble mine and surrounding claims located in Carmen de Atrato, Colombia. As
operator of the high grade underground copper-gold mine, Atico will immediately
embark on a program to improve operational efficiency and scale-up production of
the El Roble mine. 


"The El Roble Mine acquisition marks our transition into a producing mining
company and is an important milestone in our strategy to become a mid-tier
copper-gold producer in Latin America," commented Fernando E. Ganoza, CEO. "We
see significant upside potential for the mine and the project's large land
package that we plan to aggressively pursue in the coming year."


The Company also successfully closed on November 22, 2013 a US$8 million senior
secured debt financing facility with Trafigura Pte. Ltd., as announced on
September 17, 2013.


Mine scale-up plans 

Atico will continue to operate El Roble at approximately 320 tonnes per day,
while completing underground developments to access the recently discovered
resources and the plans to scale-up production. The emphasis during this phase
will be on improving safety and environmental standards and training of
personnel. 


The Company has started driving a new adit on level 1880. The adit will be 830
meters long and is expected to be the main extraction point for the recently
established mineral resource. The Company anticipates completion of the new adit
by the second quarter of 2014. 


A new tailings dam is an essential component of the El Roble mine plan. The
Company is pleased to announce that it has received environmental permits for a
new tailings dam and has begun construction. Completion is expected for the
second quarter of 2014. 


Upgrades to the mill and processing facility to scale up to nominal capacity of
650 tonnes per day, is expected to be completed prior to the beginning of mining
operations in the newly discovered resources. The Company anticipates completion
of this upgrade by the third quarter of 2014 with the production ramp up
concluding in the fourth quarter of 2014. 


Exploration update 

The company reports three underground drill holes (ATDHR-42 through ATDHR-44)
from the 2000 level have been completed at El Roble mine to explore the southern
part of the known mineralized strike length. Mineralization was not intercepted
and the geological information gathered is being assessed and incorporated into
the exploration program for the mine.


El Roble Property 

The El Roble property is the site of an operating underground high grade copper
and gold mine with a nominal capacity of 400 tonnes per day. Over the past 22
years the mine has processed 1.5 million tonnes of ore at an average head grade
of 2.5% copper and an estimated 2.5 g/t gold. Copper and gold mineralization at
El Roble occurs as volcanogenic massive sulfide lenses. 


Since acquiring the option on the El Roble Property in early 2011, Atico has
completed 11,740 meters of drilling, a district-scale mapping program of the
6,679-hectare property and, most recently, a comprehensive assessment of the
potential to increase the production and efficiency of the El Roble Mine. 


Drilling by the Company led to the discovery of high-grade, copper-and-gold
mineralization below the current working levels of the mine. Within this
mineralization, the Company has established a National Instrument 43-101
compliant inferred mineral resource of 1.58 million tonnes at 4.45 % copper and
3.17 g/t gold, using a cut-off grade of 0.72 % copper equivalent. The
mineralization is open at depth and along strike.


Qualified Person 

Dr. Demetrius Pohl, Ph.D., AIPG Certified Geologist, a qualified person under
National Instrument 43-101 standards and independent of the Company, is
responsible for ensuring that the information contained in this news release is
an accurate summary of the original reports and data provided to or developed by
Atico. 


About Atico Mining Corporation 

Atico operates the El Roble Mine in Carmen de Atrato, Colombia. We are focused
on becoming a leading mid-tier copper-gold producer in Latin America through
organic growth and acquisitions, while maintaining our commitment to safety,
social and environmental responsibility. 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, 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.


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