Athabasca Announces Firebag Project Update

Athabasca Minerals Inc. ("Athabasca" or the "Corporation") (TSX VENTURE:ABM) is
pleased to announce that it has received notification from Alberta Environment
and Sustainable Resources Development ("ESRD") that the department has completed
its review of Athabasca's silica sand surface material lease application at the
Firebag project (the "Firebag Project"). The Firebag Project is located 139 km
north of Fort McMurray, Alberta. 


The notice confirms that ESRD has, in principle, completed its review of the
lease boundary that is approximately 80 acres in size, and forms a part of the
larger Firebag Project. Athabasca previously submitted a technical memo
documenting development and reclamation and will now provide a Conservation and
Reclamation Business Plan ("CRBP") to ESRD for their review before final
approval. The CRBP is a normal course requirement of the approval process. The
Corporation intends to submit its CRBP in the second quarter of 2014 and will
work towards the completion of a National Instrument 43-101 resource report in
respect of the Firebag Project.


"This is a very important step towards the development of a significant silica
sand project in Northern Alberta," says Dom Kriangkum, President and CEO of
Athabasca. "We believe that our Firebag Project is host to high quality silica
sand suitable for use as frac sand in the oil and gas industry, and that we have
an opportunity to develop the Firebag Project as one of the first major deposits
in Canada."


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 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.


This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the expected timing of the
Corporation's submissions to ESRD and the completion of a resource report. The
forward-looking statements contained in this document are based on certain key
expectations and assumptions made by the Corporation. Although the Corporation
believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the
forward-looking statements because the Corporation can give no assurance that
they will prove to be correct. Since forward-looking statements address future
events and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those currently
anticipated due to a number of factors and risks. These include, but are not
limited to, the failure to obtain necessary regulatory approvals, the failure to
obtain adequate information to complete a resource report, risks associated with
the mining industry in general (e.g., operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures; the uncertainty of
estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), commodity price and exchange rate
fluctuations. Mineral resources that are not mineral reserves do not have
demonstrated economic viability. The forward-looking statements contained in
this document are made as of the date hereof and The Corporation undertakes no
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
403-517-2270
dean@boardmarker.net
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