Athabasca Nuclear Corporation Closes Financing

Athabasca Nuclear Corporation (TSX VENTURE:ASC) ("Athabasca Nuclear" or the
"Corporation") is pleased to report that it has closed its previously announced
financing (the "Private Placement") for gross proceeds of $161,759.01. A total
of 2,310,843 units were issued as part of the Private Placement.


The Private Placement was announced on April 25, 2014 and amended by news
release dated May 27, 2014. The Private Placement was comprised of units priced
at $0.07, which consisted of one common share and one common share purchase
warrant, with each warrant entitling the holder to acquire one additional common
share at a price of $0.105 for a period of twenty-four months.


The Chairman and CEO of the Corporation, Ryan Kalt, subscribed for a total of
1,428,600 units. 


The units and underlying securities are subject to a four-month hold period from
the date of issuance in accordance with applicable securities laws. The Private
Placement remains subject to final acceptance by the TSX Venture Exchange.
Athabasca Nuclear paid a 7% finder's fee on certain non-insider subscriptions in
the Private Placement 


The proceeds of the Private Placement will be used for exploration on the
Company's mineral exploration properties and for general working capital
purposes.


About Athabasca Nuclear Corporation 

Athabasca Nuclear Corporation (TSX VENTURE:ASC) is an energy exploration company
based in Calgary, Alberta which is focused on uranium exploration in the
Athabasca Basin of Saskatchewan, Canada. The Corporation is the Operator of the
Western Athabasca Syndicate, a syndicated-exploration effort of a 287,130
hectare (709,513 acre) package of uranium properties which is among the largest
land positions controlled by a single group along the prospective margin of the
Western Athabasca Basin. 


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