Athabasca Oil Corporation has decided, in response to the elevated risk from the ongoing regional wildfires, to shut down the Hangingstone Project and evacuate all personnel. Over the past 24 hours, the Fort McMurray fire has advanced to the south and south east of the city. The fire front is estimated to be within 5 kilometers of the Hangingstone site. The Company safely evacuated all non-essential personnel from the site earlier this afternoon and is in the process of shutting down the well sites and the central facility. All remaining personnel are expected to be evacuated by early this evening. Once the fire is under control and it is deemed safe to return to site, the Company will assess the situation and provide an update.