SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 8K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



Date of Report (Date of earliest event reported): April 16, 2003


                               ATLAS MINERALS INC.
             (Exact Name of Registrant as Specified in Its Charter)



         COLORADO                      1-02714                   84-1533604
- -------------------------------     -----------               ----------------
(State or other jurisdiction of     (Commission               (I.R.S. Employer
incorporation or organization)      File Number)            (Identification No.)



Suite 205, 10920 West Alameda Avenue, Lakewood, CO                  80226
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(Address of principal executive offices)                          (Zip Code)


Registrant's telephone number, including area code: 303-306-0823


                                 NOT APPLICABLE
          -------------------------------------------------------------
          (Former Name or Former Address, if Changes Since Last Report)


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ITEM 5. OTHER EVENTS

     See Press Release attached as Exhibit 99.1 hereto.



                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

                                                      ATLAS MINERALS INC.
                                                       (Registrant)



Date: April 16, 2003                              By   /s/ Gary E. Davis
                                                    ----------------------------
                                                       Gary E. Davis
                                                       Corporate Secretary








ATLAS MINERALS INC.                              NEWS RELEASE
10920 W. Alameda Avenue, Suite 205               03-2
Lakewood, Colorado 80226                         OTC Bulletin Board: ATMR
Tel:   303-292-1299                              5.9 million shares outstanding
Fax:   303-297-0538                              April 7, 2003


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ATLAS CLOSES ON SALE OF GRASSY MOUNTAIN AND ANNOUNCES YEAR END FINANCIAL RESULTS
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Denver,  Colorado - Atlas Minerals Inc. (the  "Company")  announced  today that,
through its wholly-owned subsidiary, Atlas Precious Metals Inc. ("APMI"), it has
completed  the sale of the Grassy  Mountain  gold  property  located in northern
Malheur  County,   Oregon  to  Seabridge  Gold  Inc.  (formerly  Seabridge  Gold
Resources,  Inc.) and its  wholly-owned  subsidiary,  Seabridge Gold Corporation
(collectively  "Seabridge").  From prior work,  the  property is known to host a
gold mineral  inventory of 17,217,000  tons at a grade of 0.061 ounce per ton of
gold using a cutoff grade of 0.02 ounce per ton.

The Company originally entered into a purchase option agreement for the property
with Seabridge in February 2000.  This agreement was  subsequently  modified and
amended on three different  occasions,  the latest being in December 2002. Under
the  final   agreement   ("Agreement"),   the   Company   received   a  $300,000
non-refundable  option  payment from  Seabridge on December 20, 2002 in exchange
for which  Seabridge  obtained  the right to acquire  the Grassy  Mountain  gold
property  for a final cash  payment of $600,000 due on or before March 31, 2003.
During February 2003, the Company assigned all of its rights, title and interest
in, to and under the Agreement to APMI. As the result,  Seabridge made the final
payment for purchase of the Grassy Mountain property to APMI.

The Company also announced today its financial results for the fiscal year ended
December 31,  2002.  The Company  reports  current  assets of $1.07  million and
current liabilities of $0.60 million.  For the twelve-month  period, the Company
had a net loss of  $437,000  or $0.07 per share.  For the year,  the Company had
mining revenue of $22,000 from the shipment of  diatomaceous  earth product from
late September through December attributable to the start up of the White Cliffs
diatomite  mine  located in Arizona.  The Company  had capital  expenditures  of
$204,000  during  the  year  comprised  almost  entirely  of the  initial  asset
acquisition of White Cliffs and purchase of related mobile mining equipment.

Effective March 11, 2003, the Company merged its  subsidiary,  Atlas Gold Mining
Inc. ("AGMI"), with and into APMI, with APMI remaining the surviving company. As
a result  of this  merger,  APMI now owns 100% of the gold  processing  mill and
related  facilities  and  infrastructure  related to the Gold Bar mine in Eureka
County, Nevada, previously held by AGMI.

As previously announced in September 2002, the Company entered into an exclusive
option  agreement (the "Option  Agreement')  to acquire 100% of the  outstanding
shares of Western Gold Resources,  Inc., a private Florida company whose primary
asset is the Estrades  polymetallic  mine  located in  northwestern  Quebec.  In
January 2003, the Company assigned to APMI all of the rights, title and interest
the  Company  had as  Optionee  under the Option  Agreement.  The  parties  have
subsequently  agreed to extend the  option  period  under the Option  Agreement,
initially  set to expire on March 31,  2003,  to June 30,  2003.  APMI is in the
process of completing the due diligence of Western Gold Resources,  Inc. and the
Estrades mine. To date, no definitive  decision  regarding  consummation  of the
proposed  merger has been made,  and there can be no guarantee that the proposed
merger will be completed.

The Board of Directors  approved April 29, 2003, as the date for the next annual
general meeting of  shareholders of the Company.  The meeting is scheduled to be
held in Denver,  Colorado  starting at 10:00 a.m. All information  pertaining to
the AGM was  mailed to  shareholders  of record  during  the first week of April
2003.

For further  information  contact Gary E. Davis,  President and Chief  Financial
Officer, at 303-292-1299

                        On behalf of Atlas Minerals Inc.

                                 "Gary E. Davis"
                      President and Chief Financial Officer

The  statements  contained  in this release  that are not  historical  facts are
forward-looking   statements   under   the   federal   securities   law.   These
forward-looking  statements are no guarantee of future performance,  and involve
certain risks,  uncertainties  and  presumptions  that are difficult to predict.
Actual  outcomes  and results may differ  materially  from what is  expressed or
implied by such forward-looking  statements.  The Company takes no obligation to
update  publicly any  forward-looking  statements,  whether as the result of new
information,  future  events  or  otherwise.  This  release  is not an  offer of
securities for sale in the United States;  securities may not be offered or sold
in the United States without registration or an exemption from registration.