Athabasca Receives Approval for New Revenue Stream: Lay-Down Facility for Oil Sands Companies at Poplar Creek
Edmonton, Alberta - April 27th, 2010 - Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX Venture: ABM) is pleased to announce the Corporation has received approval from the Alberta Government to convert a portion of the Poplar Creek aggregate operation into a lay-down facility for equipment, pipe, plant components and supplies required by the oil sands industry.
The 65 hectare area is depleted of sand and gravel, which provides a strategic location for major oil sands companies and contractors to store and assemble equipment close to their operations. The Poplar Creek lay-down facility is located just 30 km north of Fort McMurray and will be managed by Athabasca. The Corporation anticipates that the facility will be opened for business in the third quarter of 2010 fiscal year.
On Behalf of the Management:
Dom Kriangkum, President &CEO
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
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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.