2023 RC Drill Program At Excelsior Springs Project

VACAVILLE, CA - Athena Gold Corporation has successfully completed the Spring 2023 reverse circulation (RC) drill program of nine (9) angle holes. Total footage was 3,740 feet (1,140 meters) at its Excelsior Springs Project, located approximately 45 miles southwest of Goldfield in Esmeralda County, Nevada.

John Power, President and CEO, said, "The primary objective of our Spring 2023 RC drill program was to determine continuity of the shallow high-grade gold mineralization encountered in 2022; with step-outs both east and west, this will further define the target zone and set the stage for additional drilling. We continue to believe Excelsior Springs is emerging as one of the best advanced gold exploration projects in Nevada's Walker Lane Trend. We have identified several robust drill targets at Excelsior Springs and continue to do field work developing additional shallow- and high-grade drill targets. Recent sampling at Contact Gulch is an example of targets being analyzed and developed. Located only 0.5 miles east of the Western Slope Zone, Contact Gulch appears to be a surface expression of a limestone cap over siltstone that could contain mineralized material. Prior sampling done while conducting geologic mapping returned anomalous gold and arsenic in rock chip samples. New rock and soil assays are also pending from this area.”