[Marinir] {Disarmed} Athabasca Uranium (TSX-V: UAX) Engages Zoltan Hajnal & Usask Experts Responsible for Numerous Discoveries

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http://www.athabascauranium.com/ 

ATHABASCA URANIUM ENGAGES RENOWNED USASK TEAM TO LEAD KEEFE LAKE PHASE 3 
EXPLORATION 

EXPERTS ARE RESPONSIBLE FOR NUMEROUS BASIN DISCOVERIES 

Athabasca Uranium Inc. (TSX-V: UAX 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=UAX&region=C&lookup=symbol&snapshot=default 

) is pleased to announce that it has engaged the renowned uranium 
exploration geophysical team at the University of Saskatchewan (USASK) 
to conduct Phase 3 interpretation and exploration at its flagship Keefe 
Lake Project, effective immediately. 

The USASK team, led by Dr. Zoltan Hajnal, PhD (GeoPh) will be analyzing 
shear wave data in conjunction with other datasets, which is an 
innovative approach to seismic interpretation in the Athabasca Basin. 
Dr. Hajnal commented "Several of the seismic profiles at Keefe Lake show 
anomalous basement structures, comparable to features of known prominent 
mineral deposits such as McArthur River and Shea Creek. The objective of 
the investigation is to detect indicators of mineralization within these 
anomalous structural settings." The intent of the analysis is to exploit 
both P and S waves of surface seismic surveys to determine the above 
anomalous spatial petrophysical properties of rocks within a larger area 
of interest. 

Dr. Hajnal is a leading expert in the application of seismic methods in 
uranium exploration and is credited, amongst many accomplishments, with 
having analyzed seismic data at Rio Tinto's Roughrider Project (former 
Hathor Exploration), contributing to its discovery, and with providing 
better definition of subsurface structures at MacArthur River, the 
richest uranium mine in the world. Gil Schneider, Athabasca Uranium 
president commented "Having the USASK team's attention is a major coup 
for us - they have helped discover or have analyzed most of the 
world-class deposits in the Basin, including MacArthur River, Shea 
Creek, Key and Moore Lakes, and the Roughrider deposit, not to mention 
their work on the Extech IV survey - and they're now very excited about 
our project. Our Keefe Lake dataset apparently bears an uncanny 
resemblance to that of MacArthur River - and with arguably the foremost 
experts in uranium discovery now interested in it, we're excited for our 
future. Dr. Hajnal will hopefully help prove our Keefe theories out, and 
launch Athabasca Uranium to becoming a world-class uranium company." 

The USASK Geophysics Team 

The USASK Geophysics team is led by Dr. Hajnal, a Ph.D. in Geophysics 
with a fifty-year history of studying and employing geophysics 
world-wide. His professional career in geophysical interpretation began 
with Chevron Standard in 1963, and his recent implementation of modern 
applied seismology in the Athabasca Basin has led to recognition of the 
immense importance of spatial understanding of basement structures, and 
their originating lithospheric processes in selection of exploration 
area and subsequent drilling targets. He and his USASK laboratory are 
involved in the adaptation of more effective data acquisition systems in 
the rugged environment of the basin and development of data-specific 
signal enhancement software systems. Dr. Hajnal has also recently led 
the geophysical team at Athabasca Uranium to reanalyze the HD seismic 
and airborne AeroTem data for Keefe Lake. 

On the engagement, Gil Schneider commented, "The work of the USASK 
seismology team has been superb and is largely responsible for the 
identification of the Keefe Lake Alteration Zone and our success in 
drilling the numerous intersections of uranium mineralization. This new 
investigation, which will be a synthesis of a host of datasets, should 
help unlock Keefe Lake and pave the way to discovery." 

Keefe Lake Phase 3 

UAX has initiated a full scale interpretation of data from its work to 
date at Keefe Lake, stimulated by the connection between the anomalous 
uranium signatures in the KEF 12-08 borehole, the seismic signature of a 
laterally traceable pegmatite dyke and favorable clay mineral 
alterations within the unconformity zone. 

Full Wave Sonic (FWS) logs, of KEF 12-08 and KEF 12-09, related geology, 
PIMA (Portable Infrared Mineral Analyzer) and whole-rock geochemistry 
will be correlated with the seismic data to develop a detailed 
understanding of the Keefe Lake 3D structural Complex, assess major 
structural and tectonic trends and generate propitious targets for the 
Company's upcoming winter drilling program. Optical Tele-viewer Images 
(OTI) from both boreholes will also be utilized to determine variations 
of dips and their azimuth with depths for all disturbances (fractures, 
faults, schistosity, dykes etc.) and thus help to define the prominent 
structural framework of the prospect area. In addition, combined 
analyses of sonic longitudinal and shear wave data, allows computation 
of rock properties such as density, Poisson's ratio, Lambda and Mu. 
Anomalous variations of these parameters facilitate the recognition of 
the location of alteration zones, and definition of fracture intervals, 
which are primary indicators of mineralization. 

About Athabasca Uranium 

Athabasca Uranium Inc. is a uranium exploration and development company 
exploring an aggregate of over 60,000 hectares strategically located in 
the uranium-rich Athabasca Basin region of northeast Saskatchewan. The 
Company's stated vision is to explore the region using leading-edge 
technology to become a world-class uranium mining company. Additional 
information on Athabasca Uranium and its vision is available on the 
Company's website at www.athabascauranium.com 

http://www.athabascauranium.com 

. 

ON BEHALF OF THE BOARD OF DIRECTORS 

"Gil Schneider" 

Gil Schneider, President & CEO 

For information, please contact the Company: 

Toll-Free: (866) 869-8072 

E-mail: info at athabascauranium.com 

FORWARD LOOKING STATEMENTS: This press release contains forward-looking 
statements. Forward-looking statements are statements that are not 
historical facts and are generally, but not always, identified by the 
words "expects", "plans", "anticipates", "believes", "intends", 
"estimates", "projects", "potential" and similar expressions, or that 
events or conditions "will", "would", "may", "could" or "should" occur. 
Although the Company believes the expectations expressed in such 
forward-looking statements are based on reasonable assumptions, such 
statements are not guarantees of future performance and actual results 
may differ materially from those in forward looking statements. 
Forward-looking statements are based on the beliefs, estimates and 
opinions of the Company's management on the date such statements were 
made. The Company expressly disclaims any intention or obligation to 
update or revise any forward-looking statements whether as a result of 
new information, future events or otherwise. 

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

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