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Gold/Mining/Energy : Athlone Minerals Ltd.

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To: Condor who wrote (24)1/17/2005 9:58:32 PM
From: SOROS   of 30
 
January 17, 2005

NEWS RELEASE

Trading Symbols: TSX-V.ATH

Thorsby Area Wells Achieve Commercial Production

Athlone Minerals Ltd. (TSX-V.ATH) is pleased to announce commercial gas production from two wells in the Thorsby area, Alberta.

One well was put on production eight weeks ago and is producing 350 thousand cubic feet per day (350 mcfd) gas and 20 barrels of oil per day (20 bopd).

The second well was put on production five weeks ago and is currently producing 220 mcfd gas.

Athlone has a 20% working interest in both wells.

On behalf of the Board
ATHLONE MINERALS LTD.

"Paul S. Reynolds" (signed)
President
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