Atico Mining Corporation: Scale-Up of El Roble Mine Operations Advancing on Schedule

Atico Mining Corporation (TSX VENTURE:ATY)(PINKSHEETS:ATCMF) reports that the
scale-up and modernization of its recently acquired El Roble copper-gold mine in
Colombia are progressing on schedule. The company expects to be operating at
full capacity by the fourth quarter of 2014. 


"We are very pleased with the execution of the scale-up and modernization plan
at the El Roble mine during this initial phase of the integration process,
perhaps one of the most challenging," said Fernando E. Ganoza, CEO. "We are on
track to deliver on our promises thanks to the efforts of our team and
contractors on the ground." 


Current operations and integration 

The El Roble mine continues to operate at approximately 320 tonnes per day
processing ore mined from the higher levels of the mine. The Company expects to
maintain the current throughput while completing access to and preparation for
mining of high-grade ore from the 1880 level. During the scale-up and
modernization phase, the Company is using existing infrastructure to train
personnel, increase safety and environmental standards and generate cash flow. 


The integration phase at El Roble mine is proceeding as expected. The Company
has retained all of the previous operator's employees and added a team of staff
and technicians, who are on site supporting and training the local workforce. 


Scale-up plans

Scale-up of the El Roble mill to 650 tonnes per day is on schedule to be
completed in the third quarter, prior to the commencement of mining the new
high-grade resources. All major equipment has been secured with delivery
expected during the first quarter of 2014.


The new 5-meter by 5-meter adit at the 1880 level is advancing ahead of
schedule. The Company now expects to complete the 830-meter adit in the first
quarter of this year. Preparation of the Goliath and Maximus massive sulfide
bodies will begin immediately after and is expected to continue through the
second quarter. 


A 60-meter access will be developed from the new adit to intercept the Goliath
massive sulfide body at approximately the 1894 elevation (masl), where the
resource estimate suggests mining activities will begin in a high-grade copper
zone. An additional access of approximately 40 meters in length will be driven
to the southwest to reach the Maximus massive sulfide body at the same
elevation. 


Mining of the new resources is expected to commence during the third quarter,
while the ramp-up period to steady-state production is projected to extend into
the fourth quarter.


Construction of the new tailings dam was delayed briefly in late 2013 because of
heavy rains. The company has increased construction activities, taking advantage
of the dry season that started in January, to complete the tailings dam as
originally scheduled in the second quarter of 2014.


El Roble Mine

El Roble is an operating underground 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 occurs as volcanogenic
massive sulfide ("VMS") lenses. 


Since entering into an option agreement in January 2011 to acquire 90% of El
Roble, Atico has aggressively explored the mine and surrounding claims. The
company has completed 11,740 meters of diamond drilling and identified numerous
prospective targets for VMS deposits on the 6,679-hectare property. This
exploration led to the discovery of high-grade copper and gold mineralization
below the 2000 level, the lowest production level of the El Roble mine. 


National Instrument 43-101 compliant inferred mineral resource are 1.58 million
tonnes grading 4.45 % copper and 3.17 g/t gold, at a cut-off grade of 0.72 %
copper equivalent. Mineralization is open at depth and along strike and the
company plans to further test the limits of the resource.


On the larger land package, the company has identified a prospective
stratigraphic contact between volcanic rocks and black and grey cherts that has
been traced by Atico geologists for ten kilometers. This contact has been
determined to be an important control on VMS mineralization on which Atico has
identified 15 prospective target areas for VMS type mineralization occurrence,
which is the focus of the surface drill program at El Roble.


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 is a growth-oriented company, focused on exploring, developing and mining
copper and gold projects in Latin America. The company operates the El Roble
mine and is pursuing additional acquisition opportunities. For more information,
please visit 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
Igor Dutina
Investor Relations
+1.604.633.9022
info@aticomining.com
www.aticomining.com
Atico Mining (TSXV:ATY)
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