News Releases

Third Quarter Results

August 13, 2008

Edmonton, Alberta -- August 13, 2008 -- Athabasca Minerals Inc. (TSX Venture: ABM) (the "Company") is pleased to announce that it has filed its unaudited financial statements for its three and nine month periods ending June 30, 2008.

During the nine months ended June 30, 2008, the Company incurred a net loss of $1,399,254 (-$0.07 per share) compared to a net loss of $214,297 (-$0.01 per share) for the nine months ended June 30, 2007. For the three months ended June 30, 2008 the net loss was $321,191 as compared to the net loss of $127,387 for the three months ended June 30, 2007.

The complete financial statements for the three and nine month periods ending June 30, 2008 and the Management Discussion and Analysis for the same period are available for viewing on SEDAR.

About Athabasca Minerals:

Athabasca Minerals Inc. is a resource company engaged in the management, exploration and development of industrial minerals in Canada. The Company's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions. The Company has substantial land holdings in the vicinity of Fort McMurray, Alberta and Peace River, Alberta. Independent from its mineral exploration activities, the Company is also pursuing sand and gravel exploration and development projects throughout northern Alberta. These activities include contracts works, gravel pit management, new gravel development and acquisitions of sand and gravel operations. 

Further Information:

For further information, please contact Dom Kriangkum, P.Eng., President and CEO of Athabasca Minerals Inc. at E: or Dean Stuart, Boardmarker Group, at (403) 517-2270 E:

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.