Mr. Gil Schneider reports

ATHABASCA URANIUM APPOINTS KIM GOHEEN TO ADVISORY COMMITTEE

Athabasca Uranium Inc. (UAX) has appointed Kim Goheen, MBA, CMA, ICD.D, to its professional and technical advisory committee.

Mr. Goheen's business career spans over 30 years, with extensive experience in major publicly listed companies in both the mining and oil and gas sectors, including the uranium industry. Prior to retiring in 2011, he was the senior vice-president and chief financial officer of Cameco Corp., one of the world's largest uranium producers. At Cameco, he led in establishing the financial platform that supported its growth plans and in building its formidable position of financial strength.

As senior vice-president at Cameco, Mr. Goheen played a key role in overseeing Cameco's investment in Bruce Power and in determining and implementing Cameco's plans for its future with the partnership. Bruce Power is a private partnership that operates four nuclear power reactors in Ontario. Mr. Goheen also served as a director of Centerra Gold, a company controlled by Cameco. He directed the creation and listing of Centerra in 2004, with a market capitalization in excess of $1-billion, and oversaw its evolution as a public company. Its market capitalization at the time of Cameco's exit in December, 2009, was approximately $2.4-billion.

On his appointment, Mr. Goheen commented, "I remain quite bullish on the longer-term prospects for nuclear energy, and look forward to helping UAX continue its growth in the highly prolific Athabasca basin."

Gil Schneider, chief executive officer of UAX, commented: "We are very excited at Kim's decision to join our advisory committee. He brings a wealth of direct uranium experience to the company, and we feel his joining us is a strong endorsement to the company's vision. We look forward to capitalizing on his considerable experience in the uranium field."

Mr. Goheen joins Thomas Drolet and Dr. Zoltan Hajnal on the advisory committee, which consults with the UAX board of directors and management on the development of the company's exploration projects and its global profile. With the addition of Mr. Goheen, the committee comprises leading experts in the technical, commercial and financial fields who can make significant contributions to the advancement of UAX's projects.