News Releases

Athabasca Announces change in CFO

May 12, 2010

Edmonton, Alberta - May 12th, 2010 - Athabasca Minerals Inc. (the "Corporation" or "Athabasca" - TSX Venture: ABM) would like to announce that Mr. Kevin Spitzmacher has tendered his resignation as Chief Financial Officer effective May 10th, 2010. The board of directors would like to thank Mr. Spitzmacher for his services and wish him well on his new endeavours. Udomdej Kriangkum, President and Chief Executive Officer will act as interim Chief Financial Officer until a suitable replacement for the Corporation is appointed.

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 on Athabasca, please contact:

CHF Investor Relations
Robin Cook, Senior Account Manager
T: 416-868-1079 x 228
E: robin@chfir.com

Boardmarker Group
Dean Stuart
T: 403-517-2270
E: dean@boardmarker.net

Should you wish to receive the Corporation's news via email, please email chelsea@chfir.com and specify "Athabasca Minerals news" 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.

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