An anonymous director reports

ATHABASCA MINERALS ANNOUNCES REINSTATEMENT OF TRADING ON TSX VENTURE EXCHANGE

Athabasca Minerals Inc.'s common shares will be reinstated for trading on the TSX Venture Exchange on June 16, 2023.

The cease trade orders issued by the Alberta and Ontario securities commissions on May 9, 2023, were fully revoked on June 13, 2023, with the filing of its annual financial statements and management's discussion and analysis for the year ended Dec. 31, 2022, and first-quarter financial statements and MD&A for the three months ended March 31, 2023. Subsequently, the exchange issued its reinstatement approval on June 14, 2023, with trading to resume at market open on June 16, 2023.

About Athabasca Minerals Inc.

Athabasca is an integrated industrial minerals company focused on the production and delivery of frac sand to Canada and the United States. Athabasca also operates aggregate operations in Western Canada and maintains the largest platform for buying, selling and transporting of aggregates through its 100-per-cent-owned technology platform, AMI RockChain.