Athabasca enters into an Option to Lease Existing Gravel Pit



    TSX Venture: ABM

    EDMONTON, April 13 /CNW/ - Athabasca Minerals Inc. ("Athabasca")
(TSX Venture: ABM) is pleased to announced that it has recently entered into
an option with a private company (the "Option Agreement") to lease a
previously permitted gravel deposited located on private lands in the Peace
River area (the "Leased Lands"). Pursuant to the terms of the Option
Agreement, Athabasca has an option for an exclusive lease to the Leased Lands
to purchase, process and market all gravel within the Leased Lands on a
royalty basis at a price per cubic yard as and when removed.
    Management of Athabasca believes that the deposit contained on the Leased
Lands has the potential to become a major source of sand and gravel for the
Peace River area, and plans to test the site to prove out the quality and
quantity of the deposit later this month.
    The Town of Peace River is located approximately 486 km northwest of
Edmonton, Alberta. It is the second largest center in northwest Alberta and
functions as a service center for surrounding communities and northern
Alberta. This town has the potential for significant growth given the recent
activities of development in the Peace River Oil Sands combined with
conventional oil and gas activities, pipeline corridors, forestry and
agriculture.

    About Athabasca

    Athabasca is a junior mineral exploration company that has a vision to
become a major supplier of chemicals and construction materials to the oil
sands industry. Athabasca holds Alberta Metallic and Industrial Minerals
Permits on 710,023 hectares to the south, west and east of the city of Fort
McMurray. Athabasca is focused on exploring and developing industrial minerals
such as limestone, salt, gypsum, and silica sand that serve as raw materials
for the chemicals and construction materials used in oil sands operations. In
addition to developing these minerals resources, Athabasca will continue to
explore and develop sand and gravel deposits in Northern Alberta, which are
vital resources to the construction industry, especially in the oil sands
industry where substantial amounts of sand and gravel are required for plant
site construction, infrastructure and mine roads.

    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 Athabasca. The forward-looking statements or information
contained in this news release are made as of the date hereof and Athabasca
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.

    This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States.

    The TSX Venture Exchange has neither approved nor disapproved the
    contents of this press release.

    %SEDAR: 00024771E




For further information:

For further information: Dom Kriangkum, P.Eng., the President and CEO of
Athabasca at (780) 465-5696; or Michael Rousseau, a Consultant to Athabasca,
at (403) 816-1947

Organization Profile

ATHABASCA MINERALS INC.

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