News Releases

Investor Relations Firm Engaged Jan. 18, 2008

January 18, 2008

Edmonton, Alberta -- January 18, 2008 -- Athabasca Minerals Inc. (TSX Venture: ABM) (the "Company") is pleased to announce the engagement of Boardmarker Group to provide investor relations activities for the Company. Boardmarker Group is a Calgary-based investor relations firm whose principal has been providing investor relations activities for over eight years to a number of TSX and TSX Venture listed companies. Boardmarker Group will assist the Company in the preparation of investor documents, provide introductions to investment groups and individuals, and create and maintain an effective communication strategy for interested parties. This agreement between the Company and Boardmarker Group will consist of a monthly retainer of $2500.00 for an initial three month probationary period, and an option grant of 200,000 options at an exercise price of $0.40. At the end of an initial three-month period the agreement will be automatically renewed for a further nine-month period unless it is expressly terminated by either party.

Boardmarker Group is operated by Dean Stuart, a Calgary based consultant for the past eight years. Mr. Stuart holds a B.A. Economics from the University of Calgary, and was previously employed by the Alberta Stock Exchange in the market surveillance department. 

This agreement is subject to TSX Venture Exchange approval.

About Athabasca Minerals:

Athabasca Minerals Inc. is an innovative exploration company formed to explore for mineral resources other than oil, gas and oil sands in northeast Alberta. The company's aim is to find and develop local sources of the minerals essential to the economic development of the region (i.e. minerals used in oil sand processing, construction, and in the everyday requirements of community living). The company's permit holdings of 710,023 hectares in the vicinity of Fort McMurray, Alberta have exploration prospects for an assortment of industrial minerals including salt, silica sand, gypsum, limestone, and diamonds.

Independent from its mineral exploration activities, the company is also pursuing sand and gravel exploration and development projects throughout northern Alberta. These activities include contract works, gravel pit management, new gravel pit development and the acquisition of other sand and gravel operations.

Further Information:

For further information, please contact:

Dom Kriangkum, P. Eng.
President and CEO of Athabasca Minerals Inc.
T: (780) 465-5696

Dean Stuart
Boardmarker Group
T: 403 517 2270

The TSX Venture Exchange has neither approved nor disapproved the contents of this press 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 Athabasca Minerals. The forward-looking statements or information contained in this news release are made as of the date hereof and Athabasca Minerals 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.

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