Appointment to Board of Directors 2008
April 7, 2008
Edmonton, Alberta - April 7, 2008 - Athabasca Minerals Inc. (TSX Venture: ABM) (the "Company") is pleased to announce the appointment of Mr. Murray Hinz, CA, to the Company's board of directors. Mr. Hinz will be instrumental in providing financial guidance to the Company in its continuing strategy of becoming a major supplier of industrial minerals including sand, gravel, salt, silica sand, limestone and gypsum to major industrial areas in the Athabasca Oil Sands region. The Company welcomes Mr. Hinz to the board and looks forward working with him as the Company's strategic focus is realized.
Mr. Hinz has extensive experience working with a wide range of businesses as a financial advisor including areas involving corporate recovery, restructuring, business valuations, dispute analysis and investigation. Mr. Hinz has been employed by accounting firms including PricewaterhouseCoopers and Deloitte & Touche in both Calgary and Grand Cayman. Mr. Hinz is also an international financial consultant providing CFO and other advisory services to public and private companies. Mr. Hinz graduated from the University of Saskatchewan and obtained his Chartered Accountant (CA) designation in 1998, and is a certified financial planner (CFP).
The Company would also like to announce the granting of 100,000 options at an exercise price of $0.43 to Mr. Murray Hinz. These options are exercisable for a period of five (5) years and are subject to regulatory approval.
Mr. Hinz appointment is also subject to regulatory approval.
About Athabasca Minerals:
Athabasca Minerals Inc. is an innovative exploration company formed to explore for mineral resources other than oil, gas and oil sands in northeast Alberta. The company's aim is to find and develop local sources of the minerals essential to the economic development of the region (i.e. minerals used in oil sand processing, construction, and in the everyday requirements of community living). The company's permit holdings of 819,236 hectares in the vicinity of Fort McMurray, Alberta have exploration prospects for an assortment of industrial minerals including salt, silica sand, gypsum, limestone, and diamonds.
Independent from its mineral exploration activities, the company is also pursuing sand and gravel exploration and development projects throughout northern Alberta. These activities include contract works, gravel pit management, new gravel pit development and the acquisition of other sand and gravel operations. Additional information can viewed on the Company web site at: www.athabascaminerals.com.
For further information, please contact Dom Kriangkum, P.Eng., President and CEO of Athabasca Minerals Inc. at (780) 465-5696. E: firstname.lastname@example.org or Dean Stuart of Boardmarker Group at (403) 517-2270. E: email@example.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
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 Athabasca Minerals. The forward-looking statements or information contained in this news release are made as of the date hereof and Athabasca Minerals 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.