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Press release from Newsfile Corp

Atrium Mortgage Investment Corporation Announces Filing of Preliminary Short Form Prospectus for Equity Offering

Tuesday, October 30, 2012

Atrium Mortgage Investment Corporation Announces Filing of Preliminary Short Form Prospectus for Equity Offering07:50 EDT Tuesday, October 30, 2012Toronto, Ontario--(Newsfile Corp. - October 30, 2012) - Atrium Mortgage Investment Corporation (TSX:AI) (“Atrium”) announced today that it has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada, except Québec, in connection with a proposed marketed public offering of its common shares (the “Public Offering”). A copy of this preliminary short form prospectus is available on SEDAR at www.sedar.com.The Public Offering is being made through a syndicate of underwriters led by TD Securities Inc., CIBC and RBC Capital Markets, and includes Scotiabank, BMO Capital Markets, Dundee Securities Ltd., National Bank Financial Inc., Canaccord Genuity Corp., Raymond James Ltd., Industrial Alliance Securities Inc. and M Partners Inc.Atrium also intends to sell, on a private placement basis, common shares to certain of its directors and officers and/or their associates, on the same terms as the Public Offering (the “Private Placement”). The Private Placement is subject to certain approvals and is expected to close concurrently with the closing of the Public Offering. Common shares sold under the Private Placement will be subject to a four-month hold period. Closing of the Public Offering is not contingent on the closing of the Private Placement.Rob Goodall, CEO, said, “This represents the culmination of a process started last March when our shareholders approved us seeking to become a public company listed on the TSX. With this offering and private placement, we will be able to continue to grow and provide value to our shareholders.”Atrium will use the net proceeds of the Public Offering and the Private Placement for general corporate purposes and to repay existing indebtedness under its revolving operating credit facility, which will then be available to be drawn, as required, for general corporate purposes, particularly funding future mortgage loan opportunities.Subject to market conditions, the Public Offering is expected to close the week of November 26, 2012 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States 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 Atrium in any jurisdiction. About AtriumAs a mortgage investment corporation, Atrium is a non-bank provider of residential and commercial real estate finance. Atrium lends primarily in major urban centres in Canada where the stability and liquidity of real estate are at the highest levels. Canadian Mortgage Capital Corporation (“CMCC”) is responsible for originating, underwriting, servicing and syndicating Atrium’s mortgage loans. CMCC has been Atrium's exclusive manager since Atrium’s formation and has grown Atrium’s business to a mortgage portfolio of approximately $190 million. CMCC has been in the business of originating and underwriting mortgage loans for over 18 years and servicing mortgage loans for over 13 years.Forward-Looking StatementsCertain information included in this news release is forward-looking, within the meaning of applicable securities laws. Much of this information can be identified by words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar expressions suggesting future outcomes or events. Atrium believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those anticipated. These risks include, but are not limited to, risks associated with the ability to satisfy regulatory, stock exchange and commercial closing conditions of the Public Offering and Private Placement, the uncertainty associated with accessing capital markets and the risks related to Atrium's business, including those identified in Atrium's non-offering (final) long form prospectus dated August 24, 2012 under the heading “Risk Factors” (a copy of which can be obtained at www.sedar.com). Reference should be made to this additional information prior to making any investment decision. Forward looking statements contained in this news release are made as of the date hereof and are subject to change. All forward-looking statements in this news release are qualified by these cautionary statements. Except as required by applicable law, Atrium undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.The preliminary short form prospectus contains important information relating to these securities, but remains subject to completion or amendment. Copies of the preliminary prospectus may be obtained from any of the underwriters named above. There will not be any sale or acceptance of an offer to buy the securities until a receipt for Atrium’s (final) short form prospectus has been issued.For further information, please contact:Atrium Mortgage Investment Corporation Robert G. Goodall President and Chief Executive Officer (416) 607-4200 ir@atriummic.comwww.atriummic.com