Athabasca Announces Grant of Stock Options

Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM)
announces that its Board of Directors has approved the grant of 1,000,000 stock
options to directors, officers, employees and investor relations professionals
of the Corporation, subject to regulatory and TSX Venture Exchange approval. The
options were issued with an exercise price of $2.90 per share and have a five
year term. 


About Athabasca Minerals

The Corporation 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 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.


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. 


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: 
Boardmarker Group
Dean Stuart
403-517-2270
[e-mail]