Transatlantic Mining Corp.TSXV: TCO

A.O.G. Air Support Inc - Notice of Default

· Issued by Transatlantic Mining Corp. via CNW
LOWNA, BC, Jan. 31 /CNW/ - A.O.G. Air Support Inc (the "Company")
(TSXV: ASP) wishes to advise that it is in default of filing its annual
Audited Financial Statements for the period ended September 30, 2005 which
were to have been filed on or before January 30, 2006 pursuant to relevant
securities laws.
Dave Barron, Chief Executive Officer of A.O.G. Air Support Inc advises
that the Company was unable to meet its deadline due to unforeseen extra work
that the company Auditors were asked to complete during their annual audit.
This arose due to the recent departure of the Company's Chief Financial
Officer. The Company expects to file the Audited Financial Statements on or
before February 17, 2006.
The Company requested that the BC Securities Commission impose a
Management Cease Trade Order, pursuant to CSA Staff Notice 57-301. Such order
will place restrictions on the trading of the Company's securities by certain
persons who have been directors, officers or insiders of the Company since the
Company's most recent financial statements were filed in accordance with
prescribed filing requirements.
Pursuant to the terms of the requested order, should the Company fail to
file its financial statements on or before March 31, 2006, the BC Securities
Commission and other securities commissions or regulators may then impose an
Issuer Cease Trade Order that all trading in securities of the Company cease
for a specified period.
The Company will issue a Default Status Report on a bi-weekly basis for
as long as it remains subject to the Management Cease Trade Order. An Issuer
Cease Trade Order may be imposed sooner if the Company fails to file its
Default Status Report on time.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

The Company's shares trade on the TSX Venture Exchange under the symbol
"ASP".
For further information, please visit the company's website at:
www.aogair.com