January 22, 2008
Edmonton, Alberta - January 22, 2008 - Athabasca Minerals Inc. (TSX Venture: ABM) (the "Company") would like to announce the resignation of Doug McDonald from its Board of Directors, effective January 19, 2008. The current board consists of the following individuals; Ted Rousseau, Dom Kriangkum, P.Eng., Dale Nolan, GSC, Ray Harris, Shaun O'Connor-Parsons, and Wylie Hamilton, P.Eng.
The Company would like to thank Mr. McDonald for his time and efforts, and wishes him well in his future endeavors. The Company is focused on building shareholder value through continued development of its land holdings located in the Fort McMurray and Peace River regions of Alberta. The Company recently completed a drill program designed at evaluating subsurface salt deposits in the Fort McMurray region. The principal use of salt is in the chemical manufacturing of such products as chloralkali chemicals (caustic soda and chloride) and soda ash, which are widely used in the oil sands industry.
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 710,023 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.
For further information, please contact:
Dom Kriangkum, P. Eng.
President and CEO of Athabasca Minerals Inc.
T: (780) 465-5696
T: 403 517 2270
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.