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                                                                    EXHIBIT 10.7

                         INVESTMENT MARKETING AGREEMENT


This Investment Marketing Service Agreement (the "Agreement") is entered this
26th day of October, 2000 by and between BreakOut Investment Marketing ("BOIM")
an Arizona Limited Liability Corporation and Atlas Mining (OTCBB: ALMI)
("Client") a Idaho Corporation.

                                    RECITALS

         A.       The Client desires to be assured of the association and
                  services of BOIM in order to avail itself of BOIM's
                  experience, skills, knowledge and background to facilitate
                  strategic planning, corporate imaging and to assist the Client
                  in business and/or financial matters and is therefore willing
                  to engage BOIM upon the terms and conditions set forth herein.

         B.       BOIM agrees to be engaged and retained by the Client and upon
                  the terms and conditions set forth herein.

         NOW, THEREFORE, in consideration of the foregoing, of the mutual
promises hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

         1.       ENGAGEMENT. Client hereby engages BOIM on a non-exclusive
                  basis, and BOIM hereby accepts the engagement to become a
                  consultant to Client and to render such advice, consultation,
                  information and services to the Directors and/or Officers of
                  the Client regarding general business matters including but
                  not limited to:

         A.       Monitoring and increasing exposure on message boards

         B.       Periodic reporting as to developments concerning the general
                  financial markets and public securities markets and industry
                  which may be relevant or of interest or concern to the Client
                  or the Client's business

         It shall be expressly understood that BOIM shall have no power to bind
         Client to any contract or obligation or to transact any business in
         Client's name or on behalf of Client in any manner.


         5.       TERM. The term ("Term") of this Agreement shall commence on
                  the date hereof and continue for twelve (12) months. The
                  Agreement may extend upon agreement by both parties, unless or
                  until the Agreement is terminated. Either party may cancel
                  this Agreement upon five (5) days written notice in the event
                  either party violates any material provisions of this
                  Agreement and fails to cure such violations within five (5)
                  days of written notification of such violation from the other
                  party. Such cancellation shall not excuse the breach or
                  non-performance by the other party or relieve the breaching
                  party of its obligation incurred prior to the date of
                  cancellation.

         3.       COMPENSATION AND FEES. As consideration for BOIM entering into
                  this Agreement, Client and BOIM shall agree to the following:

         6.       The Engagement Fee ("Engagement Fee") may be satisfied by
                  issuing certificates representing an aggregate of 420,000
                  shares of restricted common stock (the "Shares"). The shares,
                  when issued to BOIM, will be duly authorized, validly issued
                  and outstanding, fully paid and nonassessable and will not be
                  subject to any liens, encumbrances and cannot be cancelled.
                  Shares have piggyback rights on the next registration.

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         4.       EXCLUSIVITY; PERFORMANCE; CONFIDENTIALITY. The service of BOIM
                  hereunder shall not be exclusive, and BOIM and its agents may
                  perform similar or different services for other persons or
                  entities whether or not they are competitors of Client. BOIM
                  shall be required to expend only such time as is necessary to
                  service Client in a commercially reasonable manner. BOIM
                  acknowledges and agrees that confidential and valuable
                  information proprietary to Client and obtained during its
                  engagement by the Client, shall not be, directly or
                  indirectly, disclosed without the prior express written
                  consent of the Client, unless such information is otherwise
                  known to the public generally or is otherwise secret and
                  confidential.

         7.       INDEPENDENT CONTRACTOR. In its performance hereunder, BOIM and
                  its agents shall be an independent contractor. Consultant
                  shall complete the services required hereunder according to
                  his own means and methods of work, shall be in the exclusive
                  charge and control of BOIM and which shall not be subject to
                  the control or supervision of Client, except as to the results
                  of the work. Client acknowledges that nothing in this
                  Agreement shall be construed to require BOIM to provide
                  services to Client at any specific time, or in any specific
                  manner. Payments to BOIM hereunder shall not be subject to
                  withholding taxes or other employment taxes as required with
                  respect to compensation paid to an employee.

         8.       MISCELLANEOUS. No waiver of any of the provisions of this
                  Agreement shall be deemed or shall constitute a waiver of any
                  provision and no waiver shall constitute a continuing waiver.
                  No waiver shall be binding unless executed in writing by the
                  party making the waver. No supplement, modification, or
                  amendment of this Agreement shall be binding unless executed
                  in writing by both parties. This Agreement constitutes the
                  entire agreement between the parties and supersedes any prior
                  agreement or negotiations. There are no third party
                  beneficiaries of this Agreement.

         IN WITNESS WHEREOF, the parties hereto have entered into this Agreement
on the date first written above.

                                         Client:
                                         Atlas Mining Company, Inc.


                                         Signature: /s/ William Jacobson
                                                    ---------------------
                                                        President


                                         Company:

                                         BreakOut Investment Marketing



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