Athabasca Nuclear Corporation Announces 18,000 Acre Expansion of Garland Lake Property

Vancouver, British Columbia (FSCwire) - Athabasca Nuclear Corporation (TSX-V: ASC) (“Athabasca Nuclear” or the “Corporation”) is pleased to report that it has significantly expanded its mineral tenure position in the Garland exploration district located in Labrador. As further described below, the expansion represents approximately 18,000 acres of additional tenure that will now become part of the Corporation’s Garland Lake Project.

Athabasca Nuclear continues to hold the largest mineral tenure position of any company in the Garland exploration camp. The Corporation also holds the largest mineral tenure position surrounding Equitas Resources Corp., who is currently conducting a drilling campaign on their property.


New Garland Camp Tenure

The newly acquired mineral tenure consists of seven new tenure claims, 023437M, 023438M, 023447M, 023448M, 023449M, 023450M, and 023452M, comprising an aggregate total of 296 claim parcels, representing approximately 18,000 acres. For reference, the new tenure is situated in between mineral tenure held by Equitas Resources Corp. to the north and southeast. In addition, Athabasca Nuclear’s Garland Lake Project is located approximately 30km SE of the Voisey’s Bay mine.

Figure 1: Map of ASC’s Garland Lake and Orbis Projects
http://fscwire.com/sites/default/files/NR/701/8314_athabasca10012015.jpg

A large-scale map of the Corporation’s Garland exploration camp mineral tenure may be accessed by clicking here.

The additional Garland Lake project tenure was acquired by Athabasca Nuclear through staking and as a result there are no cash or share payments due to any optionors. In addition, the new mineral tenure is royalty-free.


About Athabasca Nuclear Corporation

Athabasca Nuclear Corporation (TSXV:ASC) is an exploration company focused primarily on uranium exploration in the Western Athabasca Basin in Saskatchewan, Canada, and other select opportunities, which include the Pikoo diamond camp and the Garland nickel-cobalt-PGM camp. Further information about Athabasca Nuclear Corp. and its projects may be found at www.athabascanuclear.com.


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.



Contact Info:


Ryan Kalt, M.B.A., LL.M.
Chief Executive Officer
778-328-1598
info@athabascanuclear.com
www.athabascanuclear.com