EDMONTON, ALBERTA–(Marketwired – May 24, 2016) – Athabasca Minerals Inc. (“Athabasca” or the “Corporation”) (TSX VENTURE:ABM) announced the mailing of its management’s information circular today for the annual and special meeting of the shareholders scheduled to be held on June 17, 2016 (the “Meeting”). At the Meeting shareholders of the Corporation will be asked to consider various items of business including the election of directors. The Corporation is proposing that three directors be elected at the Meeting and has nominated Mr. Don Paulencu, ICD.D, Mr. Michael Peck and Mr. Gerald Romanzin for election as directors. The Corporation has also received three nomination notices from shareholders pursuant to the terms of the Corporation’s advance notice bylaw. The nomination notices advise that Mssrs. Udomdej Kriangkum, Craig Styles and Dale Nolan will be proposed for election as directors at the Meeting. All shareholders are encouraged to participate in the Meeting by voting in person or by a duly appointed proxy (who need not be a shareholder of the Corporation).

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, aggregate production and sales from corporate-owned pits, 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.