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Saturday, 03/10/2012 3:39:53 PM

Saturday, March 10, 2012 3:39:53 PM

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Athabasca Minerals Inc. announces Appointment to Management Team and Corporate Re-organization

Edmonton, Alberta March 5, 2012 - Athabasca Minerals Inc. (the "Corporation" or "Athabasca" - TSX Venture: ABM) is pleased to announce the appointment of Mr. Brian Hudson, P. Geol to the newly formed position of Vice-President Mineral Development effective March 1, 2012. Mr. Hudson will be instrumental in the development of the Firebag Frac Sand deposit located north of Fort McMurray and other industrial mineral deposits being developed by the Corporation. In addition to communication with regulatory bodies concerning industrial mineral projects, he will provide additional expertise in implementing development strategies. Athabasca management is pleased to welcome Mr. Hudson to its team, and looks forward to his contribution in the continuing development of the Corporation and its business strategy.

Mr. Hudson was previously employed as Branch Head, Coal and Mineral Development with the Alberta Department of Energy, and was responsible for all activities related to the suite of minerals that included coal, metallic and industrial minerals. Mr. Hudson was with the Department of Energy for 25 years. Mr. Hudson received his Bachelor of Science degree (Geological Sciences) from Queen's University (1973). He is a member of APEGGA - Professional Geologist (Alberta) and Calgary Minerals Exploration Group Society.

In addition to the appointment of Mr. Hudson, the Corporation has made the following role reclassifications within its existing management team.

Mr. Shaun O'Connor-Parsons's role within the Corporation has been reclassified from Vice-President Exploration and Marketing to Vice-President Business Development. Mr. Dale Nolan's role within the Corporation has been reclassified from Vice-President Operations to Vice-President Corporate Affairs. The reclassifications reflect changes in related responsibilities as the Corporation pursues its corporate growth objectives.

About Athabasca Minerals Inc.

Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects. 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, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

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