Exploration Schedule For The Excelsior Springs Project

VACAVILLE, CA - Athena Gold Corporation (ATHA) reported on exploration plans at its Excelsior Springs Project located approximately 45 miles southwest Esmeralda County, Nevada. The initial 2023 RC drill program of approximately 1,500 meters will be focused on expanding the newly discovered shallow high-grade gold in the Western Slope zone with 30 meter incremental step-outs on the indicated strike both east and west. These angle holes will be drilled due south parallel with the discovery hole DB-23.

Recent review of all available data has confirmed the West Slope zone remains open and untested both east, west and at depth and the objective of the current program is to examine strike and potential dip continuity of the upper high-grade zone. Another high-priority target for this program exists 300 meters east-south-east of the West Slope where a historic RC hole GE-14 intersected 24.3 meters at 1.09 g/t Au and 0.54 g/t Ag beginning 9.1 meters below the surface. Follow up Core and/or RC drill programs are contemplated for later in 2023 after analysis of the results from this initial 2023 program.

John Power, President and CEO, said, "Our 2023 Program is intended to better delineate and expand known mineralization along strike at the Western Slope zone and further substantiate the Project as a regional-scale, intrusion-related, gold-bearing, hydrothermal system. We also hope to further understand the geology and structure of the multiple, large, flat plunging shoots of oxidized gold mineralization encountered in our 2022 drill programs."