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UPDATE: Athabasca Minerals Earns Record $0.171 EPS for Fiscal 2012; Shares Fall 1.5%

Athabasca Minerals Inc. (ABM.V) reported its Q4 financial results for the three months and year-ended November 30, 2012.

During the fiscal year ended November 30, 2012, Athabasca reported:

Net income of $4,710,409 during fiscal 2012, an increase of $1,929,618 or 69.4% over fiscal 2011 net income of $2,780,791;

Aggregate tonnes sold during Q4 2012 were 7.3% greater than during Q4 2011 (3,124,134 vs. 2,911,686 tonnes);

Revenue in the amount of $4,301,229 compared with $3,390,705 during Q4 2011, an increase of 26.9%;

Net income of $1,160,601 during Q4 2012, a decrease of $149,300 or 11.4% under Q4 2011 net income of $1,309,901;

EPS for Q4 2012 was $0.042, compared to $0.048 for Q4 2011.

2012 fiscal year tonnes sold were 10,936,767 compared to 7,758,612 tonnes in fiscal 2011.

EPS for fiscal 2012 was $0.171, compared to $0.103 for fiscal 2011.

Shares are down 2 cents (1.43%) to $1.38 late morning. Volume traded is 73,550.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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