Athabasca Minerals Inc.
TSX VENTURE : ABM

Athabasca Minerals Inc.

September 23, 2009 11:05 ET

Athabasca Minerals Inc.: NI 43-101 Report Initiated for Washington State Aggregate Project

EDMONTON, ALBERTA--(Marketwire - Sept. 23, 2009) - Athabasca Minerals Inc. (the "Company" or "Athabasca") (TSX VENTURE:ABM) has announced the initiation of a National Instrument 43-101 technical report for the Washington State, USA aggregate project. This required document will assist Athabasca in defining the sand and gravel resource within the project area and allow the Company to proceed with the proposed 25% minority interest in T-ROC (Thorndyke Resource), a private limited liability company based in Poulsbo, Washington.

Thorndyke Resource is the entity formed to permit and develop this marine-based Washington state aggregate supply. When fully permitted, the proposed project is expected to transport sand and gravel from a 525-acre approved deposit through a newly constructed conveyor and pier, where barges and ships could supply regional and interstate markets. Additional information related to this project can be viewed in the Company's press release of September 9, 2009.

About Athabasca Minerals:

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 Company also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta. The Company's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions.

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 Athabasca Minerals. The forward-looking statements or information contained in this news release are made as of the date hereof and Athabasca Minerals 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.

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