Newly Completed Prospecting Program At Excelsior Springs

VACAVILLE, CA - Athena Gold Corporation reported on the recently completed fall regional prospecting and sampling program at its Excelsior Springs project in Nevada. In November 2024, Big Rock Exploration was hired to complete a regional prospecting and mapping program over the Excelsior Springs project, which covered the Buster, Lida Belle, and Blue Dick target areas. The intention is to build a regional framework to guide and prioritize future exploration. While full analytical results remain pending, the Company is pleased to report high-grade precious metal values from surface grab samples, including up to 6,630 g/t Ag from the Blue Dick area - a target with no known historical drill records.

"Since closing our financing, the team has wasted no time diving deep into Excelsior Springs and ground-truthing the newly acquired Blue Dick claims. The 6,630 g/t Ag sample, which exceeds all known historical silver sample grades at Excelsior, confirms the area's high-grade nature of silver mineralization. Importantly, to our knowledge, this target area has never been drill tested, presenting a major blue-sky opportunity for Athena. We plan to return to this area in short order," stated John Power, President and CEO.

The recently completed prospecting program at Excelsior Springs comprised mapping and sampling over the property area and represented Athena's first-time exploring the recently acquired Blue Dick claims (refer to press release dated August 29, 2024). Sample K024547 returned bonanza silver grades of 6,630 g/t Ag, along with 0.4 g/t Au, 2.28% Cu, and 2.42% Pb. Sample K024547 also returned high-grade antimony over the >1% Sb detection limit; further overlimit analytical results remain pending.

Historical grab samples from the Blue Dick area, grading up to 2,340 g/t Ag, 7.4 g/t Au, 25.5% Cu, and 6.92% Pb, are indicated in a historical report (R. Milne, 2007, Geology of the BD Claim Block). The QP has not been able to verify these results, and therefore, these results should not be relied upon. There are no known records of any drilling or geophysical surveys over the Blue Dick claims. Further analytical results remain pending from the fall 2024 prospecting program at Excelsior Springs and will be released once available.