Athabasca Minerals Inc.

Athabasca Minerals Inc.

October 20, 2010 14:43 ET

Athabasca: September Aggregate Sales

EDMONTON, ALBERTA--(Marketwire - Oct. 20, 2010) - Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (TSX VENTURE:ABM) is pleased to announce the aggregate sales number for the month of September 2010 and for the ten month period from December 2009 to September 2010. These figures include both the Susan Lake and Poplar Creek Aggregate Operations.

September Aggregate Sales Number    
Period 2010 2009
September 881,179 1,250,816


Ten Month Aggregate Sales Number    
Period 2010 2009
Dec 2009 to September 2010 5,184,855 5,207,273

*All figures are in tonnes.

The Corporation previously announced on March 18, 2010 a forecast demand for fiscal year 2010 of 6.5 million tonnes of aggregates. Management of the Corporation is of the opinion the forecast demand remains on schedule as the majority of aggregates are sold during the 3rd and 4th quarters as construction activity peaks in northern Alberta, specifically for the oil sands industry.

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.

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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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