Prospective Mineralization Identified At The Excelsior Springs Project

WHITE ROCK, BC - Athena Gold Corporation reported on the regional prospecting and sampling program at the Excelsior Springs project in Nevada's Walker Lane Trend. The program proved successful in providing new geologic interpretations and defining new, untested zones of prospective mineralization. On the back of this program, the Company expanded its landholdings by approximately 68 hectares.

"One of the drivers behind the program was to confirm whether prospective ground exists outside the Buster Trend, which to date, has been the main target of focus at Excelsior Springs. We are happy to report the identification of the new Rhino Zone, in addition to the high-grade silver and antimony potential revealed at the Blue Dick Trend. Importantly, both these targets remain untested by the drill bit. We believe a larger-scale program is warranted in order to adequately explore such a target-rich project," stated Koby Kushner, President & CEO.

The newly defined Rhino Zone, located to the northeast of the project area, returned high-grade gold on surface, with grab sample assays returning up to 27.1 g/t Au, 49 g/t Ag, and 1.4% Pb. Results from Blue Dick, as previously reported, returned up to 6,630 g/t Ag. In addition, the remaining analytical results from this sample returned high-grade antimony of 1.53% Sb.

On the back of the successful 2024 exploration program, the Company recently expanded its land position through staking, increasing the project footprint by 68 hectares to better capture the Rhino and Blue Dick Trends. The Company continues to receive third-party interest regarding potential joint venture partnerships and earn-in agreements across its Nevada portfolio.