Athabasca Potash Inc.
TSX : API

Athabasca Potash Inc.

September 30, 2009 23:51 ET

Athabasca Potash Announces Resignation of Chief Executive Officer

SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 30, 2009) - Athabasca Potash Inc. ("API") (TSX:API) announces the resignation of Robert Boyd as Chief Executive Officer of API today. API's board of directors is in the process of searching for new candidates for the position of Chief Executive Officer.

The Board and Management of API acknowledge Mr. Boyd's contribution and express their appreciation for his service to the Company.

About Athabasca Potash Inc.:

API is a Canadian based corporation and was founded with a goal of establishing itself as a pre-eminent Canadian public company engaged solely in potash exploration and development with focus on the Company's wholly owned Burr Project in Saskatchewan, and to provide its shareholders with a unique investment opportunity focused entirely on potash.

Caution Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, statements with respect to estimated Mineral Resources at the Burr Project, the filing of a new NI 43-101 compliant technical report for the Burr Project and the completion of the Pre-feasibility Study. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of API, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, exploration risks, lack of historic drill hole documentation, challenges or impairments to title, the negotiation of access to certain potash mineralization, permit requirements, governmental regulations, aboriginal land use, environmental risks and competition in attracting and retaining personnel. In addition, the forward-looking information contained in this press release is based upon what management believes to be reasonable assumptions, including, but not limited to, assumptions regarding the mining and processing methods to be used in connection with any future development at the Burr Project, mining and processing costs, transport costs, minimum mining widths, metallurgical recovery rates, the long term price of potash, the bulk density of potash mineralization and the estimated extraction ratio. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in the forward-looking information contained herein. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, API undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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