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Athabasca Nuclear Corporation: Appointment of Chief Executive Officer

CALGARY, ALBERTA -- (Marketwired) -- 04/15/14 -- Athabasca Nuclear Corporation (TSX VENTURE:ASC) ("Athabasca Nuclear" or the "Corporation") is pleased to announce that it has appointed Ryan Kalt to the position of Chief Executive Officer effective April 14, 2014. Mr. Kalt has served as the Corporation's Chief Executive Officer (Interim) since February 13, 2014 and has been responsible for executive leadership at Athabasca Nuclear during its inaugural drill campaign at the Preston Uranium Project, of which Athabasca Nuclear is the Operator.

Mr. Kalt became a Director of Athabasca Nuclear in early 2012 and was the key individual responsible for the Corporation shifting focus from a gold junior to a uranium-focused exploration company. He was also the individual responsible for the Corporation obtaining its mineral tenure in the Athabasca Basin, including the Corporation's flagship Preston Uranium Property. He holds a Bachelor of Commerce (Honours) from Queen's University, a Masters of Business Administration from the University of Western Ontario, a Bachelor of Laws from the University of Western Ontario and a Masters of Law (Natural Resources, Energy and Environmental Law) from the University of Calgary. He concurrently serves as the Chief Executive Officer of Gold Royalties Corporation, a publicly-traded gold royalty company. Mr. Kalt is a Barrister & Solicitor and an active member of the Law Society of Alberta. He is the largest shareholder of the Corporation holding 9,691,567 common shares of Athabasca Nuclear representing approximately 21.25% of its issued equity.

About Athabasca Nuclear Corporation

Athabasca Nuclear Corporation (TSX VENTURE:ASC) is a junior uranium exploration company focused on the exploration and advancement of its significant uranium portfolio in Saskatchewan, Canada including the Preston Uranium Project, Patterson Lake East, Botham Lake, Parry Lake, Martin River, Karras River and Spring uranium projects. For more information on each of these projects, please visit www.AthabascaNuclear.com.

Athabasca Nuclear is the Operator of the Western Athabasca Syndicate, a group exploration effort of a 287,130 hectare (709,513 acre) package of uranium properties which is the largest land position along the highly prospective margin of the Western Athabasca Basin controlled by a single group (the "Preston Uranium Project").

Ryan Kalt, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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