ATHENA GOLD CORPORATION - AHNR STOCK NEWS

Athena Gold (CSE:ATHA)(OTCQB:AHNR) has increased its non-brokered private placement from CDN $1,000,000 to CDN $1,250,000 due to strong demand. The company has closed a second tranche, issuing 6,460,000 units at CDN $0.05 per unit for CDN $323,000. This follows the first tranche of 12,000,000 units for CDN $600,000.

Each unit includes one common share and half a warrant, exercisable at CDN $0.12 for 36 months. The proceeds will fund exploration at the Excelsior Springs Project in Nevada and the Laird Lake and Oneman Lake Projects in Ontario. Insiders have participated with 6,790,000 units totaling CDN $339,500 across both tranches.

Athena Gold reports high-grade gold samples from its reconnaissance surface sampling program at the newly acquired Laird Lake project in Ontario's Red Lake Gold District. The project spans 4,158 hectares and covers >10 km of Balmer-Confederation Assemblage contact. Initial six surface grab samples confirmed mineralization over 2.2 km of strike length, with the highest-grade sample returning 56.5 g/t Au. The project is strategically located 10 km west of West Red Lake Gold Mines' Madsen mine and 34 km northwest of Kinross Gold's Great Bear project. Additional prospecting work results are expected by year-end, with a property-wide geochemistry survey planned for H1/2025.

Athena Gold (CSE:ATHA)(OTCQB:AHNR) has closed the first tranche of a non-brokered private placement, raising CAD $600,000 through the issuance of 12,000,000 units at CAD $0.05 per unit. Each unit includes one common share and half a warrant exercisable at CAD $0.12 for 36 months. Insiders purchased 4,590,000 units for CAD $229,500. The proceeds will fund exploration at the Excelsior Springs Project in Nevada and the newly acquired Laird Lake and Oneman Lake Projects in Ontario, along with general expenses and amalgamation costs.

Athena Gold (CSE:ATHA) (OTCQB:AHNR) announced the acquisition of the Laird Lake and Oneman Lake gold projects in Ontario from Libra Lithium Corp. The deal involves issuing 43,865,217 common shares to Libra, who will own 19.9% of Athena post-transaction. The acquisition includes 218 mining claims over 4,736 hectares. Regulatory approvals are pending.

Libra's board members David Goodman and Koby Kushner will join Athena, with Goodman as Chairman and Kushner as President and CEO. The technical team from Libra will also join Athena. The acquisition aims to diversify Athena's portfolio, building on their flagship Excelsior Springs project in Nevada.

The Laird Lake project is in the Red Lake Gold Camp, known for its high-grade gold mines. The Oneman Lake project is in the Kenora Mining District, featuring a breccia zone with sulfide minerals.

Athena plans to merge and redomicile to British Columbia, maintaining its OTCQB listing. The merger is expected to complete in early 2025.

Athena Gold (CSE:ATHA)(OTCQB:AHNR) reports high-grade gold and silver samples from its first underground mapping and sampling program at the Excelsior Springs project in Nevada's Walker Lane District. Key findings include:

- Sample of 50.6 g/t Au and 33.7 g/t Ag over 0.3 m from the 75' level
- Sample of 28.1 g/t Au and 29.6 g/t Ag over 1.0 m from the 125' level

The program, conducted at the past-producing Buster Mine, provides insights into the mineralized orebody and structural controls. Two distinct structural orientations were observed, both east-west striking. The company believes this work demonstrates the importance of shallow structures in controlling mineralization at Excelsior Springs, which will inform future drilling targets.

Athena Gold (CSE:ATHA)(OTCQB:AHNR) has announced a transformative transaction with Libra Lithium Corp. The deal includes:

1. Acquisition of Libra's Laird Lake and Oneman Lake gold projects in Ontario, Canada

2. Management changes: David Goodman joining as Chairman, Koby Kushner as President, CEO, and Director

3. Plans to redomicile to Canada

4. Libra to own approximately 19.9% of the pro-forma company

The transaction is expected to close by October 10, 2024. Laird Lake is located in the Red Lake Gold Camp, near major gold projects. The acquisition aims to create a premier, discovery-focused gold explorer in Nevada and Ontario.

Athena Gold (OTCQB:AHNR)(CSE:ATHA) has completed the acquisition of the historic Blue Dick Mine, expanding its Excelsior Springs Project in Nevada to 1,675 hectares. The purchase includes 11 unpatented BLM claims covering 89 hectares for US $45,000 in cash and a 3% NSR. This acquisition consolidates the Palmetto Mountain Trend, adding new gold, copper, and silver targets to Athena's portfolio.

Historical sampling at Blue Dick Mine has shown high-grade mineralization, with samples containing up to 33 ppm Gold, 2340 ppm Silver, and 25.5% Copper. The company plans to integrate newly acquired data into its exploration database and continue with its Phase 4 exploration plans at Excelsior Springs.

Athena Gold has announced an agreement to acquire the Blue Dick Mine, expanding its Excelsior Springs Project in Nevada. The deal includes 11 unpatented BLM claims over 89 hectares, costing $45,000 and a 3% NSR. Historical data highlights significant mineralization, including gold and silver. No exploration drilling has been done yet. Athena's immediate focus is on finalizing Phase 4 exploration plans. The acquisition consolidates key historic mines on Palmetto Mountain, increasing the project's total area to 1,675 hectares. This move builds on Athena's prior acquisitions and staking activities from 2021 to 2023.

Athena Gold Corporation (AHNR) successfully completes an Induced Polarization/Resistivity Survey at Crow Springs Project in Nevada, defining potential porphyry copper-gold targets. The survey results indicate untested magnetic anomalies suggesting significant porphyry targets. The project shows high potential for copper-molybdenum mineralization, with strong potassic alteration and geochemical anomalies. Athena plans to establish drill targets and aims for a world-class resource development.