Athabasca Minerals Inc.

Athabasca Minerals Inc.

December 08, 2009 14:57 ET

Athabasca Minerals and T-ROC LLC Announce Termination of Letter of Intent

EDMONTON, ALBERTA--(Marketwire - Dec. 8, 2009) - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) and T-ROC LLC of Poulsbo, WA, today announced that they have jointly determined to terminate the letter of intent previously announced in the press release dated September 9, 2009, and shall not proceed with the proposed acquisition by Athabasca of a minority interest in a sand and gravel project in Washington State, USA.

The Corporation will continue to examine opportunities as they arise for the acquisition of aggregate deposits and exploration properties for their potential value and benefits to its shareholders.

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.

For further information on T-ROC, LLC, of Poulsbo, WA, please contact Doug Weese.

Should you wish to receive the Corporation's news via email, please email and specify "Athabasca Minerals" 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.

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