Athabasca Minerals Announces Management Appointments

Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is
pleased to announce the appointment of Mr. David McAlpine as Vice President,
Operations and Mr. Chris Hale as Manager, Regulatory Affairs effective
immediately. Mr. McAlpine will be responsible for activities related to the
development of frac sand and aggregate operations and Mr. Hale will be
responsible for the coordination and management of resource development
applications and reclamation. 


President Dom Kriangkum states "We are extremely pleased to have attracted
highly capable and experienced individuals in both David and Chris to our
Corporation. As we continue to expand our aggregates and industrial minerals
divisions, their expertise will assist in accomplishing management's growth
objectives." 


Mr. McAlpine has 30 years' experience working with industrial minerals,
construction products and logistics. He previously was a senior executive at Sil
Silica (now Sil Industrial Minerals), overseeing silica mining, operations,
plant expansions and sales. He was also the project manager for the first silica
flour plant in Western Canada. During much of the last decade he was President
of National Concrete Accessories Canada Inc., and managed their manufacturing
and distribution operations in nine cities in Western Canada. 


Mr. Hale is a Registered Professional Forest Technologist with over 35 years'
experience in resource development and management across northern Alberta. Mr.
Hale worked as a Senior Environmental Specialist with the Alberta Energy
Resources Conservation Board ("ERCB") in oil sand mine development specializing
in terrestrial and reclamation issues for the last 7 years. Prior to joining
ERCB, Mr. Hale was a Land Management Specialist with Alberta Sustainable
Resource Development for 12 years in Fort McMurray, providing resource
development leadership and policy advice to manage the development and
reclamation issues of aggregate, oil sand mine and in-situ projects, as well as
conventional oil and gas. 


In conjunction with these appointments, Mr. Shaun O'Connor-Parsons will retire
from his position as Vice President, Business Development and Mr. Dale Nolan
will retire from his position as Vice President, Corporate Affairs and as a
director of the Corporation effective November 30, 2012. Athabasca thanks both
Shaun and Dale for their strong contributions to the success of the Corporation,
and wishes them well in the future. Mr. O'Connor-Parsons will remain as a
director of the Corporation. 


Mr. Kriangkum also notes, "I personally thank Shaun and Dale for their years of
service to growing Athabasca to its current status as a leading participant for
aggregates supply in Alberta. Their broad experience and strong business acumen
have helped positively shape the Corporation." In addition, "I have personally
worked directly with Shaun and Dale as partners for over 15 years, and their
style of principled leadership will remain on as the Corporation continues to
grow."


About Athabasca Minerals

Athabasca 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.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Boardmarker Group
Dean Stuart
403-517-2270
dean@boardmarker.net
Aben Minerals (TSXV:ABM)
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