News Releases

Athabasca Minerals and T-ROC LLC Announce Termination of Letter of Intent

December 8, 2009

Edmonton, Alberta - December 8, 2009 - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX Venture: ABM) and T-ROC LLC of Poulsbo, WA, today announced that they have jointly determined to terminate the letter of intent previously announced in the press release dated September 9, 2009, and shall not proceed with the proposed acquisition by Athabasca of a minority interest in a sand and gravel project in Washington State, USA.

The Corporation will continue to examine opportunities as they arise for the acquisition of aggregate deposits and exploration properties for their potential value and benefits to its shareholders.

About Athabasca Minerals Inc.

Athabasca Minerals Inc. is a resource company involved in the management, exploration and development of aggregate projects in Canada. 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. The Corporation's aim is to find and develop local sources of industrial minerals essential to the economic development of specific high growth regions.

For Further Information

For further information on T-ROC, LLC, of Poulsbo, WA, please contact Doug Weese, Director of Communications for T-ROC, at 360-779-4431 x132, or email

For further information on Athabasca, please contact Dom Kriangkum, President and CEO at 780-465-5696, or or:

CHF Investor Relations
Robin Cook, Senior Account Manager
T: 416-868-1079 x 228

Catarina Cerqueira, Associate Account Manager
T: 416-868-1079 x 251

Boardmarker Group
Dean Stuart
T: 403-517-2270

Should you wish to receive the Corporation's news via email, please email and specify "Athabasca Minerals" in the subject line.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this 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 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.