News Releases

Athabasca Minerals Announces New Chairman

June 15, 2011

Edmonton, Alberta - June 15, 2011 - Athabasca Minerals Inc. (the "Corporation") (TSX Venture: ABM) announces today that Theodore Rousseau has tendered his resignation as Chairman of the Board effective today in order to focus on other obligations. The Board of Directors thanks Mr. Rousseau for his services. Mr. Rousseau will remain a Director of the Corporation.

The Corporation is pleased to announce that the Board of Directors has appointed Douglas M. Stuve as Chairman of the Board. Mr. Stuve is a partner with the law firm Burstall Winger LLP of Calgary, Alberta. His principal area of practice is corporate finance and securities law, as well as general corporate commercial law. He is a member of the Securities Law and Business Law Subsections of the Canadian Bar Association (Alberta Branch). Mr. Stuve holds a Bachelor of Arts degree (with distinction) from the University of Alberta and a Bachelor of Laws degree (LL.B) from Queen's University, Kingston, Ontario.

Mr. Stuve has served as a member of an advisory committee to The Alberta Stock Exchange and was part of the advisory committee in Calgary, Alberta to the Canadian Venture Exchange Inc. ("TSX Venture") to assist in formulating policy prior to and after its formation in November 1999.

Mr. Stuve has served as a director of several public companies and is currently a Director of the Corporation, New Sage Energy Corp. and E.G. Capital Inc. (all TSX Venture listed companies). Mr. Stuve is a past director of several public companies, including Patfind Inc., the first Capital Pool Company offering completed on TSX Venture, as well as Deepwell Energy Services Trust (TSX), Tesoro Energy Corp. (TSX), Kelso Energy Inc., Colonia Energy Corp., Regal Energy Inc., Cascadia International Resources Inc., International Technologies Corporation, Sabrich Capital Corporation, Yangarra Resources Ltd., Amalfi Capital Corporation and Lime Hill Capital Corporation.

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 and aggregates essential to high growth economic development.

For further information on Athabasca, please contact or:

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

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 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.

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.

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