Athabasca Nuclear Corporation Appoints Chief Financial Officer

CALGARY, ALBERTA--(Marketwired - Apr 24, 2014) - Athabasca Nuclear Corporation (TSX VENTURE:ASC) ("Athabasca Nuclear" or the "Corporation") is pleased to announce that it has appointed Ian Fleming to serve as the Corporation's Chief Financial Officer effective May 1, 2014.

Mr. Fleming is an experienced Chief Financial Officer and concurrently serves as the CFO of Gold Royalties Corp., a publicly-listed gold royalty company. He holds a Masters of Business Administration from the Richard Ivey School of Business at the University of Western Ontario and a Bachelor of Business Administration (Honors) from Brock University.

Mr. Fleming assumes the role from Glen Diduck to whom the Corporation expresses its gratitude and appreciation for efforts in assisting with the Corporation's transition to a leading uranium exploration company in the southwest Athabasca Basin.

About Athabasca Nuclear Corporation

Athabasca Nuclear Corp. (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, known as the Preston Uranium Project, which is the largest land position along the highly prospective margin of the Western Athabasca Basin controlled by a single group.

Signed,

Ryan Kalt, Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently expected or forecast in such statements.

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.