Athabasca Enters Joint Venture Agreement with Wood Buffalo Metis Corporation

Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is
pleased to announce that it has entered into a joint venture agreement (the
"Agreement") with the Wood Buffalo Metis Corporation ("Wood Buffalo") dated
effective January 31, 2014. Athabasca and Wood Buffalo entered into the
Agreement for the purposes of exploring for and developing and marketing
aggregates, including industrial minerals such as granite, dolomite, limestone
and silica sand (collectively, "Aggregates"), and for extracting, processing and
selling Aggregates from within the boundaries of the Regional Municipality of
Wood Buffalo. Athabasca has the exclusive support of Wood Buffalo to drill,
explore, produce and market Aggregates for a period of ten years (the "Term"),
with an option to renew the Term, upon mutual agreement of the parties, for an
additional ten years.


Wood Buffalo consists of the Fort Chipewyan Metis Local 125, the McKay Metis
Community (Local 63), Fort McMurray Metis Local 1935, and Willow Lake Metis
Local 780. Members of Wood Buffalo and their respective businesses
(collectively, "Members") will be given fair and equitable consideration by
Athabasca, with respect to portions of the work and services required to be
performed during the Term and the Agreement encourages and promotes the
participation of Members in employment, ranging from labour to management. In
addition, Wood Buffalo will assist Athabasca with the marketing of Aggregates
produced within the boundaries of the Regional Municipality of Wood Buffalo and
will provide equipment along with qualified Members to Athabasca's workforce at
competitive industry rates.


"We are very pleased to enter into a joint venture agreement with Wood Buffalo,
whose Members have legal interests in traditional lands in Metis communities in
Northeast Alberta." said Dom Kriangkum, President and CEO of the Corporation.
"To reach this Agreement with four Metis communities is a historic event for
Athabasca. This has the potential to generate significant opportunity in the
region for Aggregates and industrial minerals. This Agreement also demonstrates
our commitment to the environment and respect for the rights and traditional way
of life of the Metis communities."


"Athabasca Minerals is a great community partner," said Ron Quintal, President
of Wood Buffalo. "Our Metis Aboriginal community members are very excited about
the potential level of opportunity that this Venture Agreement brings."


Athabasca is pleased to announce that this is a second agreement that Athabasca
has entered into with Metis communities. The first agreement was a Memorandum of
Understanding between the Corporation and Metis Nation of Alberta Association
Lakeland Local Council (Local 1909).


About Athabasca Minerals Inc.

Athabasca 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.


This news release contains forward-looking statements that involve risks and
uncertainties. Forward-looking statements or information are based on current
expectations, estimates and projections that involve a number of risks and
uncertainties which could cause actual results to differ materially from those
anticipated by the Corporation. The forward-looking statements or information
contained in this news release are made as of the date hereof and the
Corporation does not undertake any obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Boardmarker Group
Dean Stuart
T: 403-517-2270
E: dean@boardmarker.net

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