ASC

Athabasca Nuclear Corp. (TSX VENTURE:ASC) is pleased to announce additional
results from the 2013 radon sampling program at its Preston Lake Property (the
"Property"). Many of the radon anomalies fall within prospective exploration
corridors delineated through extensive summer airborne geophysics and ground
evaluation. Radon survey results were instrumental in identifying first pass
drill targets at the nearby Patterson Lake South ("PLS") discovery as well as
the recent discovery of the R600W Zone which is on trend with the western
portion of the Preston Lake Property (see Fission Uranium's News Releases dated
May 6, 2013 and November 4, 2013). The 246,643 hectare Preston Lake Property is
the largest land package proximal to Alpha Minerals Inc. and Fission Uranium
Corp.'s PLS high-grade uranium discovery. The Western Athabasca Syndicate (the
'Syndicate') holds title to the Property and consists of Athabasca Nuclear Corp.
(TSX VENTURE:ASC), Skyharbour Resources Ltd. (TSX VENTURE:SYH), Noka Resources
Inc. (TSX VENTURE:NX), and Lucky Strike Resources Ltd. (TSX VENTURE:LKY).


Preston Lake Property Map:

http://www.athabascanuclear.com/sites/default/files/WASP_tenure_sept2013.pdf

Highlights:



--  Additional distinct clusters of radon anomalies have been identified
    coincident with the previously identified high potential exploration
    corridors. 

--  Clusters of elevated radon anomalies overlying basement conductors is a
    key signature at PLS that helped vector in on most of the high-grade
    discovery zones. 

--  Discovery of two distinct radon-in-water anomalies over Lloyd Lake that
    are coincident with strong conductive trends within previously outlined
    exploration corridors, in addition to a distinct cluster over a new area
    termed 'South FIN'. 

--  Final preparations for additional radon and ground geophysical surveys
    to refine drill targets are underway. 



Radon Anomalies

A total of 95 radon-in-water samples were collected during the October work
program to augment the 291 samples collected earlier in the year. Sample targets
include both regional reconnaissance areas, high-priority targets and
exploration corridors identified by the Syndicate's Technical Committee, and
areas of anomalous radon identified by earlier work. The samples were analyzed
for radon in the field by Terralogic Exploration Inc. using a Pylon AB5 Series
Portable Radiation Monitor which provides real time analysis of radon levels in
both water and soil.


The survey was successful in identifying a number of additional radon-in-water
anomalies occurring both as clusters and as discrete points. Of particular
interest are the two sets of anomalies located on the central and southern arms
of Lloyd Lake that are coincident with previously identified conductor trends
within a high potential exploration corridor. The Lloyd Lake setting is similar
to that of the Patterson Lake area, host to the recent PLS high-grade uranium
discovery, and will be a priority area for diamond drill target delineation this
winter.


In addition, a new target area termed 'South FIN' was delineated following the
discovery of a distinct radon-in-water cluster coincident with a strong
conductor axis and associated structure. This target is also coincident with the
merger of two well defined high potential exploration corridors.


Management cautions, mineralization present on proximal properties (or
'corridors') is not necessarily indicative of mineralization on the Syndicate's
Property.


Preston Lake Property Radon in Water Map:

http://www.athabascanuclear.com/sites/default/files/ASC_Radon_in_Water_November_2013.jpg


Final data integration is nearly complete with ground radon and gravity survey
contracts nearly secured. The ground surveys, for final drill targeting, are
anticipated to commence before the New Year.


About Radon Surveys:

Radon geochemistry of lake-bottom water, sediment, and ground is a well-known
exploration tool in the Athabasca Basin of Northern Saskatchewan. Radon
distribution around a body of uranium mineralization occurs primarily due to
groundwater circulation and associated structural conduits, and develops
subsequent to the formation of a uranium deposit making it a strong indicator
for the presence of shallow uranium mineralization. Radon anomalies coincident
with basement conductors and associated structure are primary drill targets.


Qualified Person:

Athabasca Nuclear President and CEO, Charles C. (Chuck) Downie, P.Geo., is the
Qualified Person as defined by National Instrument 43-101 and has approved the
technical information in this release.


About Athabasca Nuclear Corporation

Athabasca Nuclear Corporation (TSX VENTURE:ASC) is a junior uranium exploration
company focused on the exploration and advancement of its significant uranium
portfolio in Saskatchewan including the Preston Lake, 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's Preston Lake project is part of the Western Athabasca
Syndicate, a strategic partnership formed between Athabasca Nuclear Corporation,
Skyharbour Resources Ltd., Noka Resources Inc. and Lucky Strike Resources Ltd.
to explore and develop a 287,130 hectare (709,513 acre) package of uranium
properties which is the largest land position along the highly prospective
margin of the Western Athabasca Basin controlled by a single group. Under the
terms of the agreement, each of the four companies has an option to earn 25% of
the five uranium properties comprising the Western Athabasca Syndicate
Partnership by making a series of cash payments, share payments and incurring
their pro-rata amount of the total $6,000,000 in exploration expenditures over
the two-year earn-in term of the agreement. The properties were acquired for
their proximity to the PLS discovery and interpreted favorable geology for the
occurrence of PLS style uranium mineralization. The bulk of the syndicate land
package is bisected by all-weather Highway 955 which runs north through the PLS
discovery on to the former Cluff Lake uranium mine.


Charles C. Downie, P.Geo., President and CEO

Athabasca Nuclear Corporation

Forward-Looking Statements

This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, the ability to reach a definitive agreement and
results derived from such resulting alliance, receipt of property titles,
potential mineral recovery processes, etc. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Athabasca Nuclear Corporation
Ryan Kalt, LL.M., M.B.A.
Chairman
403-470-3265
ryan.kalt@athabascanuclear.com
www.athabascanuclear.com

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