Athabasca Minerals Inc.
TSX VENTURE : ABM

Athabasca Minerals Inc.

March 18, 2010 08:30 ET

Athabasca Announces February Aggregate Delivery

EDMONTON, ALBERTA--(Marketwire - March 18, 2010) - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) today announced aggregate delivery of 342,990 tonnes for the month of February 2010 which is virtually on pace with February 2009's record high deliverys of 345,149 tonnes and a 70.6% increase over 2008's February delivery number.

Aggregate Delivery for February 2010

  2010   2009   2008
February in tonnes 342,990   345,149   200,999
Percentage Change over previous year -0.62 % 71.7 %  

February's deliveries are consistent with the forecasted annual delivery amount of 6.5 million tonnes for the period ending November 30th 2010, that assumes the majority will come from the Susan Lake Aggregate operation.

President Dom Kriangkum stated, "We continue to be the leading aggregate provider to major oil sands companies, and are ramping up activities for the spring and summer construction periods. Susan Lake generates the majority of aggregate and cash flow for the Corporation and allows management to allocate funds for exploration and development of additional aggregate deposits near new oil sands and construction regions in northern Alberta."

The continuing exploration program in northern Alberta at selected sites within Athabasca's 491,000 hectare land package is focusing on industrial minerals that are widely used in the construction and automotive sectors.

About Athabasca Minerals Inc.

Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects in Canada. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Corporation also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta. The Corporation's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions.

Should you wish to receive the Corporation's news via email, please email catarina@chfir.com and specify "Athabasca Minerals news" in the subject line.

This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by the Corporation. The forward-looking statements or information contained in this news release are made as of the date hereof and the Corporation does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • CHF Investor Relations
    Robin Cook
    Senior Account Manager
    416-868-1079 x 228
    robin@chfir.com
    or
    CHF Investor Relations
    Catarina Cerqueira
    Associate Account Manager
    416-868-1079 x 251
    catarina@chfir.com
    or
    Boardmarker Group
    Dean Stuart
    403-517-2270
    dean@boardmarker.net