Mbinga/Songea Project Area (PLs 4335, 4433 & 4254)

• PLR 4335/07: A reconnaissance ground-borne scintillometer survey was undertaken by Geo Can in late 2007, and identified three radiometric anomalies. These will form the focus of future exploration, supported by the results of the airborne survey of NRG, which should be completed by mid-July.
• PLR 4433/07: Field reconnaissance undertaken by Geo Can identified a single radiometric anomaly located close to the Njoka River. The precise source of the anomaly is unclear at present. A recent field inspection undertaken by Atomic did recognise a regional NNW-SSE trending radiometric anomaly, cutting through the central portion of the property. This highly significant trend will be subjected to future field exploration as a priority, supported by the results of the NRG airborne survey.
• PL 4254/07: A brief field visit was made by Mr. Chadwick in May. No active field work on this license has been performed to date.

The current focus for Atomic in the near future will be to continue to map and further identify targets for drilling on PL4433 and PLR 4335. Upon receipt of the final airborne survey from NRG and further ground trenching and sampling results, drilling will commence on priority targets in the third quarter of 2008. All other properties optioned by Atomic in Tanzania will be evaluated and assessed throughout the remainder of 2008.

Njombe Project Area (PLR 4297/07)

• A brief field was made by Atomic in May. Most of the license is under cultivation, and a generally high uranium background may be associated with underlying Proterozoic-age gneisses. A dominant NW-SE trending structure (shear zone or fault) has been reported in the extreme SW portion of the license, and this has been tagged for future ground follow-up, as a possible gold target.

• PL 4514/07: A brief visit was made by Atomic in May, and the license was found to be mostly covered by mbuga (transported black cotton soils) which have been developed into rice paddies. No active field work on this license to date.
• PL 4651/07: The bulk of this license lies within the rugged Livingstone Mountain Range. A brief inspection undertaken by Atomic, suggests this property to consist almost entirely of a layered magmatic intrusion, which may host copper (Cu), nickel (Ni) and more significantly platinum group elements (PGE's), similar to that style of mineralization as is seen within the Bushveld Igneous Complex of South Africa. Boulders at the base of the range consist mostly of a banded anorthosite with associated fine-grained scattered sulphides throughout. No active field work on this license to date.

• A uranium anomaly was identified from the original regional airborne survey undertaken in the early 1980's. Field inspection has shown that this anomaly is restricted to a single hill, which appears to be a carbonatite. It is likely that the U may well be associated with phosphate mineralization - often associated with carbonatites. No active field work on this license to date.

• No active field work on this license to date. Published geological mapping of the area, suggest this license to be bounded along the northern license boundary by a carbonatite, and similar to PL 4406/07, the reported radiometric anomaly may well be associated with phosphate mineralization associated with the carbonatite.

• Both licenses are situated within the Selous Game Park, and recent access has been restricted owing to the current hunting season, as administered by the Ministry of Tourism and Natural Resources. Efforts are being made to secure the required permits to allow Atomic to carry out exploration work at the end of the current hunting season.

• Letter of intent signed with Geo Can Resources Company Ltd. to acquire up to 90% interest in over 2800 sq. kilometers of uranium property in Tanzania.
• Property located in southwestern Tanzania and is considered to be part of the Malawi extension.
• Historical radiometric surveys completed by Geo Can Resources indicate the potential for uranium enrichment.
• Located in the same region as properties held by Paladin Resources (Malawi), Denison Mines and Western Metals.