Atocha Completes Private Placement

ATOCHA RESOURCES INC.
Suite 609 – 475 Howe Street
Vancouver, BC V6C 4T8

NEWS RELEASE 07-03-09
TSX Venture Exchange
Trading Symbol: ATT

Atocha Closes Private Placement and Announces Options

July 10, 2009 – Vancouver, British Columbia – Atocha Resources Inc. (the “Company” or “Atocha”) is pleased to announce that is completed its private placement of 1,000,000 units (the “Units”) to Insiders of the Company and various investors at a price of $0.10 per Unit for total proceeds of $100,000. Each Unit will consist of one common share (a “Common Share”) of the Company and one warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of $0.10 for a period of one year from the closing of this private placement. There were no finder’s fees or commissions paid in regard to this placement.
The insiders of Atocha subscribed for 65% of the placement. A. Salman Jamal acquired 450,000 units and now holds 9.12% of the outstanding shares of the Company. Jo Shearer acquired 50,000 units and now holds 7.75% of the outstanding shares of the Company. Marcy Kiesman also participated and acquired 150,000 units and holds 3.43% of the outstanding shares of the Company. The balance of the 350,000 units was acquired by various investors.
The Company intends to use the proceeds from the private placement for exploration of its McGillivray Property and general corporate overhead purposes.
The private placement is subject to acceptance by the TSX Venture Exchange.

The Company has granted 650,000 two year options to Directors and Consultants exercisable at $0.12 until July 9, 2011. The newly granted options are subject to TSX Venture Exchange vesting provisions if applicable.

ABOUT ATOCHA
Atocha is a natural resources company engaged in the acquisition and exploration of mining properties. The Company’s main focus is on exploration for copper and precious metals. The Company has an option to acquire a 100% undivided interest in the McGillivray Property, located in the Kamloops Mining Division of British Columbia. 

For further information, please contact:
Telephone:     604 696-1111
Facsimile:      604 694-1995
E-mail:           asj@atocharesources.com This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website:     www.atocharesources.com

Neither 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.