News Release

09:30 EST Monday, February 23, 2004

First American Scientific Corp  (FASC – OTCBB) announces sale of KDS Micronex equipment to Atlas Mining Company (ALMI – OTCBB)

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

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