News Releases

Athabasca Minerals Announces Appointment of Chief Financial Officer

March 4, 2015

Edmonton, Alberta - March 4, 2015 - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX Venture: ABM) is pleased to announce that Mr. William Woods, CMA, has been appointed to the position of Chief Financial Officer. Mr. Woods has senior management and executive level experience in the North American mining, biotech, telecommunications and service industries.

Mr. Woods holds a Certified Management Accountant designation from the Society of Management Accountants of Manitoba, and has over 18 years of experience as a Chief Financial Officer, Vice-President of Finance, Controller and Administration Superintendent. Mr. Woods has extensive expertise in business start-ups and expansions and is well versed in IFRS, US GAPP and TSX Venture regulatory requirements.

Mr. Woods has experience in the mining and transportation industries through his role as Finance Manager for Rio Grande Mining; Chief Financial Officer for Liberty Mines Inc.; Vice-President Finance and Corporate Controller for Northern Transportation Company Limited; Controller for Montana Tunnels Mining Inc.; Controller for Fairbanks Gold Mining Inc.; Controller for Homestake Mining; Administration Superintendent for Black Hawk Mining; and Buyer Analyst, Accounting Supervisor and Cost Analyst for Inco Limited. In addition to these roles throughout his career, Mr. Woods has also served as Chief Financial Officer, Vice-President of Finance and Controller for a variety of public and private companies operating in North America.

President and Chief Executive Officer Dom Kriangkum states, "We are very pleased to have William join our executive team, and look forward to his input and expertise as we expand our operations both in the gravel sector and frac sand industry. In addition, his direct experience in senior executive positions for the mining and transportation sectors will be utilized to continue the optimization of our aggregate operations and communication with capital markets groups."

This appointment is subject to TSX Venture Exchange approval.

About Athabasca Minerals

The Corporation is a resource company involved in the management, exploration and development of aggregate and silica sand projects. These activities include contracts works, aggregate pit management, aggregate production and sales from corporate-owned pits, new aggregate development and acquisitions of sand and gravel operations, and development and supply of frac sand for Western Canada. The Corporation also has industrial mineral land holdings for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.

For further Information on Athabasca, please contact:

Dean Stuart
T: 403- 517-2270

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.

The securities of Athabasca have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.