Granting of Incentive Stock Options

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Granting of Incentive Stock Options

Vancouver, October 13, 20 20 -- Atico Mining Corporation (the “Company” or “Atico”)

(TSX.V: ATY | OTC: ATCMF) announces that pursuant to the Company's stock option plan,

2,664,982 incentive stock options exercisable at $0.48 per share for a period of five years have

been granted to directors, officers, employees and consultants of the Company.

About Atico Mining Corporation

Atico is a growth-oriented Company, focused on exploring, developing and mining copper and

gold projects in Latin America. The Company generates significant cash flow through the

operation of the El Roble mine and is developing it’s high -grade La Plata VMS project in

Ecuador. The Company is also pursuing additional acquisition of advanced stage opportunities.

For more information, please visit www.aticomining.com.

ON BEHALF OF THE BOARD

Fernando E. Ganoza

CEO

Atico Mining Corporation

Trading symbols: TSX.V: ATY | OTC: ATCMF

Investor Relations

Igor Dutina

Tel: +1.604.633.9022

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or

accuracy of this release.

No securities regulatory authority has either approved or disapproved of the contents of this

news release. The securities being offered have no t been, and will not be, registered under the

United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or any state

securities laws, and may not be offered or sold in the United States, or to, or for the account or

benefit of, a "U.S. person" (as defined in Regulation S of the U.S. Securities Act) unless pursuant

to an exemption therefrom. This press release is for information purposes only and does not

constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in

any jurisdiction.

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Cautionary Note Regarding Forward Looking Statements

This announcement includes certain “forward -looking statements” within the meaning of

Canadian securities legislation. All statements, other than statements of historical fact, included

herein, without limitation the use of net proceeds, are forward -looking statements. Forward -

looking statements involve various risks and uncertainties and are based on certain factors and

assumptions. There can be no assurance that such statements will prove to be accurate, and

actual results and future events could differ materially from those anticipated in such

statements. Important factors that could cause actual results to differ materially from the

Company’s expectations include uncertainties relating to interpretation of drill results and the

geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and

operating costs; the need to obtain additional financing to maintain its interest in and/or explore

and develop the Company’s mineral projects; uncertainty of meeting anticipated program

milestones for the Company’s mineral projects; the world-wide economic and social impact of

COVID-19 is managed and the duration and extent of the coronavirus pandemic is minimized

or not long -term; disruptions related to the COVID -19 pandemic or other health and safety

issues, or the responses of governments, communities, the Company and others to such

pandemic or other issues; and other risks and uncertainties disclosed under the heading “Risk

Factors” in the prospectus of the Company dated March 2, 2012 filed with the Canadian

securities regulatory authorities on the SEDAR website at www.sedar.com