Athabasca Oil Corporation announced that Kim Anderson has accepted an appointment to become the Company's Chief Financial Officer, replacing Brent Heagy who has chosen to leave the Company to pursue an opportunity as a CFO with Inter Pipeline Ltd. Mr. Heagy will be staying with the Company until mid-February in order to ensure a smooth transition of his responsibilities. Ms. Anderson and Mr. Heagy have previously worked together. Through 2013, Ms. Anderson has been the CFO of a Calgary-based mid-stream company and prior to that, she was with Provident Energy Ltd. where Ms. Anderson held a number of positions, including Vice-President, Finance and Investor Relations.

Ms. Anderson also brings with her investment banking experience.