Press Release Source: First American Scientific Corp.

First American Scientific Corp (FASC - OTCBB) announces sale of KDS Micronex equipment to Atlas Mining Company (ALMI - OTCBB)
Monday February 23, 9:30 am ET

VANCOUVER, Feb. 23 /PRNewswire-FirstCall/ - Brian Nichols, President of First American Scientific Corp. (FASC) is pleased to announce the sale of a KDS Micronex System to Atlas Mining Company (ALMI) which will be used for the processing of halloysite clay at their Dragon Mine site in Juab County, Utah. In addition, FASC and ALMI have formed a strategic alliance to bring technical support and advice for optimizing the processing of its clay and to designate FASC as the core supplier of grinding and drying equipment for ALMI's mining operations.
Atlas Mining Company is a diversified natural resources company with its primary focus on the development of the Dragon Mine in Juab County, Utah, the only known commercial source of halloysite clay outside of New Zealand. The purity and quality of halloysite from the Dragon Mine is unmatched anywhere in the world and has spawned considerable research into new applications for this unique product. According to Bill Jacobson, President of Atlas Mining "with the relationship between Atlas and FASC, we can be assured of the quality controls we need to provide the best possible product to our customers will be put in place. The tests we have run to date processing our halloysite clay through the KDS Micronex in Vancouver has resulted in positive feedback from our potential end users."

First American Scientific Corp is the owner of a unique patented disintegration system, the KDS Micronex System, which is capable of reducing and drying various grades of mineral rock such as halloysite clay, zeolite, gypsum and limestone into a fine dry powder suitable for this and numerous other industrial applications. Other applications for the KDS include converting biomass and agri-waste, including animal waste, sewage, and forestry waste into a fine dry combustible fuel which can be burnt in specialized dust burners to create BTU's and energy. Please refer to our web site for further details.

Certain information and statements included in this release constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act.

ON BEHALF OF THE BOARD OF DIRECTORS
C. Kantonen, Chairman
FASC: (NASD Bulletin Board) Web Site: www.fasc.net
Call Corporate Communications Toll Free: 1-800-561-8656

February 10, 2004

Message to Shareholders of Atlas Mining Company

We have had a fairly quiet couple of months through the holidays and into January, but have continued to pursue our goals. The number one goal, of course, has been to get the Dragon Mine into operation this year. And we are very close to this.

During the past month we have sent samples of our product to two different ceramics users, two paint manufacturers and two international distributors. We have negotiated an agreement on a major piece of equipment for the processing of our halloysite clay and an equipment financing program with a reputable leasing company. We have also completed a fairly in depth development and mining cost study and we are shopping some of the needed equipment for this process. Our intent is to start work at the Dragon Mine as soon as the weather permits this spring. The best news about our progress is the continued interest by potential buyers due to the unique tubular quality of the halloysite. We originally got into this project because of the opportunities in the existing halloysite markets, but have found that new uses will probably dominate our sales.

Meanwhile to help us get the word out to dealers and investors about our company we have recently attended a dealer broker conference in Dallas, Texas under the sponsorship of Premier Financial Services. This conference has brought renewed interest in our company. We have been invited to speak at the prestigious Industrial Minerals conference in Barcelona, Spain, where our advisory board member, Dr Ron Price, will deliver a paper on the micro-tubular advantages of Atlas unique halloysite clay.

We are continuing our efforts to find a viable merger or acquisition candidate. Our main goal is to make sure that the candidate brings value to the Atlas shareholders and will help bring financial strength to the company.

Our contracting entity and our logging efforts brought us $300,000 in revenues in 2003. We have already created over $60,000 in revenues for the month of January. Although these numbers are small, they do help cover some of our day to day expenses through out the year.

I thank-you for your support of Atlas Mining Company and our efforts to make this a viable company that we can all be proud of.

William T Jacobson
President
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Atlas Mining Company Buys Processing Equipment and Signs Memorandum of Cooperation
Tuesday February 24, 2:13 pm ET

OSBURN, Idaho--(BUSINESS WIRE)--Feb. 24, 2004--Atlas Mining Company (OTCBB:ALMI - News) announced today that they signed a purchase agreement for the acquisition of a KDS Micronex System, which will be used for the processing of halloysite clay at their Dragon mine site in Juab County Utah, from First American Scientific Corp (OTCBB:FASC - News). Along with the sale of the equipment the companies have formed a strategic alliance. FASC will provide technical support and advice to assist Atlas in developing the most viable method of processing its clay, and Atlas has designated FASC as its core supplier of grinding and drying equipment for its mining operations.