Athena Gold Wraps Up Oversubscribed Flow-Through Financing

Athena Gold Corporation has completed a successful non-brokered private placement of flow-through common shares, initially aimed at raising CDN$500,000. The offering closed with gross proceeds of CDN$765,000, marking an oversubscription by CDN$265,000. This increase was approved by the Canadian Securities Exchange due to strong investor demand.

The funds will be allocated to Athena Gold's Laird Lake and Oneman Lake projects in Ontario, Canada. These projects focus on mineral exploration, and the expenses are set to qualify as Canadian exploration expenses under the Income Tax Act (Canada). The exploration expenses are to be incurred by December 31, 2026, with a renouncement to investors by end of 2025.

Additionally, the company issued finder's fees comprising 480,000 units to independent parties, alongside a separate issuance of 1,737,236 common shares, related to transactions completed in April 2025. These securities are under an initial hold period and remain unregistered in the United States.