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Last updated on April 24, 2014 at 17:35 EDT

Athabasca Uranium Appoints Hajnal to Advisory Committee

November 23, 2011

TSXV: UAX
  OTCQX:  ATURF

VANCOUVER, Nov. 23, 2011 /PRNewswire/ - Athabasca Uranium Inc. is pleased to announce that it has appointed
renowned uranium exploration expert Dr. Zoltan Hajnal, PhD (GeoPh) to
its Advisory Committee, effective immediately.

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 Hathor Exploration’s Roughrider
Project, which contributed to the discovery of the Roughrider deposit,
currently the subject of the ongoing Cameco-Rio Tinto bidding war.  A
Ph.D. in Geophysics from the University of Manitoba, Dr. Hajnal has 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 have 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 laboratory
are involved in 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 the Company’s Keefe Lake Project, on
which the Company is currently completing a 10-hole 3,000-meter drill
program.

Gil Schneider, Athabasca CEO stated “We are extremely fortunate to have
engaged Dr. Hajnal, both for his work on our Keefe Lake Project and for
our Advisory Committee.  In trying to replicate the Hathor exploration
success story, we recognize the key components, the comprehensive
integrated analysis, that Dr. Hajnal and his team can provide. His
direct success experience in the Basin will certainly assist Athabasca
in all aspects of exploration.”

About the Advisory Committee

The Advisory Committee consults with the UAX Board of Directors and
management on the development of the Company’s projects, beginning with
the Keefe Lake and McCarthy Lake Projects in the Athabasca Basin region
of Saskatchewan.  The Committee is comprised of leading experts in the
technical, commercial and financial fields, who can contribute to the
advancement of UAX’s projects.  Currently its members are Thomas S.
Drolet, BEng, MSc, DIC & Zoltan Hajnal, PhD (GeoPh).

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.

ON BEHALF OF THE BOARD OF DIRECTORS

   “Gil Schneider”

Gil Schneider, President & CEO

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.

SOURCE Athabasca Uranium Inc.


Source: PR Newswire