Athabasca Minerals Inc.

Athabasca Minerals Inc.

October 13, 2010 13:24 ET

Athabasca Appoints Chief Financial Officer

EDMONTON, ALBERTA--(Marketwire - Oct. 13, 2010) - Athabasca Minerals Inc. (TSX VENTURE:ABM) ("Athabasca" or the "Company") is pleased to announce the appointment of Mr. Don Hruba, MBA, CA, CMA, CPA as the Company's Chief Financial Officer (CFO) subject to approval of the TSX Venture. Mr. Hruba is a chartered accountant with more than 30 years experience in the accounting profession and is a member of the Alberta Institute of Chartered Accountants, the Society of Management Accountants of Alberta and the Washington State Board of Accountancy.

Mr. Hruba brings extensive management, accounting and financial leadership to the Company. His previous experience includes a variety of roles in private industry. He most recently served as Vice President, Finance & Administration for a large Canadian publishing and distributing company. Further experience was gained in oil company construction accounting and from several years within the public accounting industry.

"As a public company, we are delighted to welcome Don to our management team. With his appointment, we are in an even stronger position to deliver on our objective of becoming a leader in the aggregates industry in Alberta," said Dom Kriangkum, President and CEO of Athabasca. "He will help guide us through regulatory filings, raising funds, financial reporting, record keeping and management of financial risks as the Company enters a growth period reflected in the operation of additional potential aggregate operations in Northern Alberta."

About Athabasca

Athabasca 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.

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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.

The securities of Athabasca have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

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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