Athabasca Nuclear Corporation Amends Non-Brokered Financing

Athabasca Nuclear Corporation (TSX VENTURE:ASC) ("Athabasca Nuclear" or the
"Corporation") reports that reflective of the market-based pricing for its
listed common shares that the Corporation intends to amend the Non-Brokered
private placement previously announced April 25, 2014. The revised terms for the
non-brokered private placement offering will consist of up to 5,000,000 units
(the "Units") at a revised price of $0.07 per unit for revised gross proceeds of
up to $350,000 (the "Offering"). Each Unit will consist of one common share of
Athabasca Nuclear (the "Common Shares") and one Common Share purchase warrant
(the "Warrants"), with each Warrant entitling the holder thereof to purchase one
additional Common Share at a revised exercise price of $0.105 per Common Share
for a period of 24 months from closing of the Offering.


Insider participation continues to be expected at 25% or greater of the Offering.

The net proceeds of the Offering are expected to be used for exploration and
general corporate purposes.


The Units and underlying securities will be subject to a four-month hold period
from the date of issuance in accordance with applicable securities laws. The
Offering is subject to certain conditions including the approval of the TSX
Venture Exchange.


The Offering is now expected to close on or before June 6, 2014.

In connection with the Offering, Athabasca Nuclear may pay up to a 7% finder's
fee on the gross proceeds of the Offering. Finder's fees will not be paid with
respect to subscriptions resulting from Insider participation.


Release of Interim Financial Statements

The Corporation further reports that it has filed its financial statements and
MD&A for the period ended March 31, 2014, which are now available on SEDAR at
www.sedar.com.


About Athabasca Nuclear Corporation

Athabasca Nuclear Corporation (TSX VENTURE:ASC) is a junior uranium exploration
company focused on the exploration and advancement of its significant uranium
portfolio in Saskatchewan, Canada including the Preston Uranium Project,
Patterson Lake East, Botham Lake, Parry Lake, Martin River, Karras River and
Spring uranium projects. For more information on each of these projects, please
visit www.AthabascaNuclear.com. 


Athabasca Nuclear is the Operator of the Western Athabasca Syndicate, a group
exploration effort of a 287,130 hectare (709,513 acre) package of uranium
properties, known as the Preston Uranium Project, which is the largest land
position along the highly prospective margin of the Western Athabasca Basin
controlled by a single group. 


Signed, 

Ryan Kalt, Chief Executive Officer

Forward-Looking Statements 

This news release contains forward-looking statements. Forward-looking
statements address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
currently expected or forecast in such statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Athabasca Nuclear Corporation
Ryan Kalt, LL.M., M.B.A.
Chairman and Chief Executive Officer
403-410-3848
[e-mail]
www.AthabascaNuclear.com