Athabasca Minerals Annual General Meetings Results and Appointment to Board of Directors

EDMONTON, ALBERTA -- (Marketwire) -- 07/24/12 -- Athabasca Minerals Inc. (the "Corporation" or "Athabasca") (TSX VENTURE:ABM) is pleased to announce that all resolutions presented at its annual shareholder meeting held today in Calgary, Alberta were passed.

Athabasca is pleased to announce the appointment of William Kanters of Calgary Alberta to the Board of Directors of Athabasca. Mr. Kanters brings with him a blend of oil and gas industry and financial market experience that we are confident will assist with our ongoing strategic efforts at Athabasca. Mr. Kanters is employed with PetroBakken Energy Ltd. ("PetroBakken") where he has worked in Business Development and Corporate Planning; he currently has the role of Vice President Capital Markets. Prior to joining PetroBakken he worked in investment banking at Haywood Securities Inc., focusing on oil and gas financing and advisory activities for public and private companies. He holds a MBA, a MSc in Geological Sciences, and a BSc in Earth Science (Geophysics).

About Athabasca

Athabasca is a resource company involved in the management, exploration and development of aggregate projects. These activities include contracts work, 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, 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.

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.