Mr. Dom Kriangkum reports

ATHABASCA MINERALS ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER

William Woods, CMA, has been appointed to the position of chief financial officer Athabasca Minerals Inc. Mr. Woods has senior management and executive-level experience in the North American mining, biotech, telecommunications and service industries.

Mr. Woods holds a certified management accountant designation from the Society of Management Accountants of Manitoba, and has over 18 years of experience as a chief financial officer, vice-president of finance, controller and administration superintendent. Mr. Woods has extensive expertise in business start-ups and expansions and is well versed in IFRS (international financial reporting standards), United States GAAP (generally accepted accounting principles) and TSX Venture Exchange regulatory requirements.

Mr. Woods has experience in the mining and transportation industries through his role as finance manager for Rio Grande Mining; chief financial officer for Liberty Mines Inc.; vice-president, finance, and corporate controller for Northern Transportation Company Ltd.; controller for Montana Tunnels Mining Inc.; controller for Fairbanks Gold Mining Inc.; controller for Homestake Mining; administration superintendent for Black Hawk Mining; and buyer analyst, accounting supervisor and cost analyst for Inco Ltd. In addition to these roles throughout his career, Mr. Woods has also served as chief financial officer, vice-president of finance and controller for a variety of public and private companies operating in North America.

President and chief executive officer Dom Kriangkum stated: "We are very pleased to have William join our executive team, and look forward to his input and expertise as we expand our operations both in the gravel sector and frac sand industry. In addition, his direct experience in senior executive positions for the mining and transportation sectors will be utilized to continue the optimization of our aggregate operations and communication with capital markets groups."

This appointment is subject to TSX Venture Exchange approval.