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| a)   | that he only owns 3,044,083 of Atlas stock and is transferring any and all Atlas shares that he owns pursuant this Agreement; |
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| b)   | that Appendix A constitutes any and all assets William Jacobson owns or in which he has any ownership interest; |
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| c)   | that he has obtained and provided his counsel, who in turn has provided such information to Atlas counsel, an accurate accounting for those Atlas shares owned by Mary Ann Jacobson, Karl W.  Jacobson, and David Jacobson; |
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| d)   | that there are no arrangements that previously existed or currently exist, pursuant to which William Jacobson gifted or transferred any of his currently or previously owned assets (other than Atlas shares), to a family member, trust, or similar vehicle, within the last six years; |
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| e)   | That by executing and performing pursuant to this Agreement and agreeing to provide the consideration referenced in this Agreement and by receiving the release from Atlas hereunder, William Jacobson will render himself solvent and that the execution or implementation of this Agreement in no way renders himself in the zone of insolvency or insolvent orwith insufficient assets to pay his obligations as they come due. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| ATLAS MINING COMPANY  By:                                                                    Printed Name:                                                                    Title:                                                                    Dated:                                                                    | WILLIAM T. JACOBSON  By:                                                                    Printed Name:                                                                    Title:                                                                    Dated:                                                                      |
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| MARY ANN JACOBSON  By:                                                                    Printed Name:                                                                    Dated:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | DAVID JACOBSON  By:                                                                    Printed Name:                                                                    Dated:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| KARL W. JACOBSON  By:                                                                    Printed Name:                                                                    Dated:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |

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