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| b.   | a copy of the settlement agreement between Atlas and defendant William Jacobson and a briefing by Atlas’ counsel responsible for the conduct of the settlement negotiations with respect to that settlement agreement, so as to verify Atlas’ good faith efforts with respect to the settlement; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c.   | a reasonable accounting by Atlas with respect to Atlas’ understanding of the Atlas shares owned or controlled by William Jacobson and his family; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| d.   | Atlas’ due diligence with respect to an evaluation of its claims against third parties related to Atlas’ issuance of 14.6 million shares, as described in Atlas’ August 20, 2008 Form 8-K, including a copy of Atlas’ Special Litigation Committee’s PowerPoint presentation to the Securities and Exchange Commission; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e.   | a summary of Atlas’ current geological report, which Atlas represents and warrants is an accurate representation of the report as of the date it is made available as well as making the report available as of June 12, 2009, on a read only basis for one day, at K&L Gates’ Newark, New Jersey offices; |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f.   | a list of all shareholders who purchased Atlas stock during the Class Period, or if that list is unavailable a listing of current shareholders; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

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|    DATED: ______________________       | K&L Gates llp   Richard A. KirbyPhilip M. Guess                                                                   |
|-------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------|
|     DATED: ______________________ | Atlas Mining Company, and as Successor in Interest to Nano Clay Technologies, Inc.  Andre ZeitounChief Executive Officer   |
|    DATED: ______________________       | Lite DePalma Greenberg & Rivas llc   Joseph DePalmaKatrina Carroll                                                     |
|   DATED: ______________________             |    James O’Hern                                                                                                           |
|   DATED: ______________________             |    John O’Hern                                                                                                            |
|   DATED: ______________________             |    William Jacobson                                                                                                   |
|     DATED: ______________________ | Temkin Wielga Hardt & Longenecker LLP   Nathan M. Longenecker                                                          |
|   DATED: ______________________             |    Robert Dumont                                                                                                      |
|   DATED: ______________________             | Winston & Cashatt   C. Matthew AndersenCourtney R. Beaudoin                                                            |
|   DATED: ______________________             |    Barbara Suveg                                                                                                      |
|   DATED: ______________________             | Elam & Burke, P.A.   William G. Dryden                                                                                 |
|   DATED: ______________________             |    Ronald Price                                                                                                                 |

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