TORONTO, ONTARIO--(Marketwired - May 31, 2016) - Ateba Resources Inc. (CSE:ATR) ("Ateba" or the "Company") announces the resignation of William P. Dickie, Robert Holmes, John Kennedy and Peter Evans as directors and officers of the Company. Following the resignations, Ashley Makuch has been appointed sole director, President, Chief Financial Officer and Corporate Secretary.

In addition, the Company announces that it has received notice of termination of the option agreement between New Walsh-Katrine Resources Inc. and Ateta with respect to the Katrine and Ossian Township properties located in the Larder Lake Mining District, Northern Ontario.

On May 6, 2016, the Director of the Ontario Securities Commission issued an order that all trading in the securities of the Company cease, until further order by the Director, for failure to file the audited financial statements, management discussion and analysis and related certificates for the year ended December 31, 2015.

The Canadian National Stock Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.