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Press release from Marketwire

Athabasca Announces Grant of Stock Options

Friday, August 24, 2012

Athabasca Announces Grant of Stock Options12:36 EDT Friday, August 24, 2012EDMONTON, ALBERTA--(Marketwire - Aug. 24, 2012) - Athabasca Minerals Inc. ("Athabasca" or the "Company") (TSX VENTURE:ABM) announces that its Board of Directors has approved the grant of 205,000 stock options to three of the Company's directors and employees, subject to regulatory and TSX Venture Exchange approval. The options were issued with an exercise price of $1.04 per share, vest as to one-third (1/3) on each of 6, 12 and 18 months from the date the respective option agreements were executed, and have a five year term. About Athabasca MineralsAthabasca is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts works, aggregate pit management, new aggregate development and acquisitions of sand and gravel operations. The Company also has industrial mineral land holdings in the vicinity of Fort McMurray and Peace River, Alberta, for the purpose of locating and developing sources of industrial minerals and aggregates essential to high growth economic development.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.FOR FURTHER INFORMATION PLEASE CONTACT: Dean StuartBoardmarker Group403-517-2270dean@boardmarker.netNeither 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.