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Press release from CNW Group

Athabasca Oil Sands Corp. to Hold Conference Call on 2012 Capital Budget and Production Guidance

Wednesday, December 14, 2011

Athabasca Oil Sands Corp. to Hold Conference Call on 2012 Capital Budget and Production Guidance06:00 EST Wednesday, December 14, 2011CALGARY, Dec. 14, 2011 /CNW/ - Athabasca Oil Sands Corp. (TSX: ATH) will release its 2012 capital budget on Tuesday, December 20, 2011.  The news release will provide details of the 2012 capital budget and production guidance.  Athabasca Oil Sands Corp. 2012 capital budget and production guidance will also be available electronically from Athabasca's website www.aosc.com.A conference call to discuss the 2012 capital budget will be held for the investment community on December 20, 2011 at 7:30 a.m. MT (9:30 a.m. ET).  To participate, please dial 1-888-231-8191 (toll-free in North America) or 1-647-427-7450 approximately 15 minutes prior to the conference call.  An archived recording of the call will be available from approximately 10:30 a.m. MT on December 20 until midnight on December 27, 2011 by dialing 1-855-859-2056 (toll-free in North America) or 1-416-849-0833 and entering conference password 35693766.Athabasca is a dynamic company focused on development of oil resource plays in Alberta, Canada. It was incorporated in 2006 with the goal to use the latest technology to produce light and extra heavy crude oil in a sound and safe manner. It has excellent assets, talented people and is well financed.  It is traded on the TSX under the symbol ATH.For further information: Media        Heather Douglas Vice President, Communications & External Affairs  (403) 532-7408 hdouglas@aosc.com                 Financial Community Tracy Robinson Manager, Investor Relations (403) 532-7446  trobinson@aosc.com