Press Release

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Atom Energy Granted Short Extension at Keefe Lake

Atom Energy Inc. (“Atom” or the “Company”) reportsthat it has been granted a short extension on the option to earn a working interest In the Keefe Lake Project in order to source funds for exploration and purchase commitments.

The vendor of the Keefe Lake claim group has granted the Company until August 26, 2016 for the Company to secure commitments to fund $292,500 in exploration and make a cash payment of $337,500 to the vendor to earn a working interest of 22.5% and a 1% NSR royalty in the Keefe Lake Project.  Claims associated with the Keefe Lake Earn‐In Agreement total 12,832 hectares on the eastern margin of the Athabasca Basin region of Saskatchewan. Earlier this year, negotiations to extend the terms of the Keefe option agreement for an additional 2‐year period had failed.

About Atom Energy

Atom Energy is a mineral exploration company exploring for uranium in the Athabasca Basin region of northeast Saskatchewan.   Additional information is available on the Company’s website at www.atomenergyinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“Gil Schneider”
Gil Schneider, CEO
For information, please contact the Company:
Phone: (604) 689‐8336 E‐mail: info@atomenergyinc.com

Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain assumptions, estimates, and other forward‐looking statements regarding future events. Such forward‐looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company’s control that may cause actual results or performance to differ materially from those currently anticipated in such statements.