Athena GOLD Announces Decision Not to Proceed with Warrant Repricing

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT

AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

ATHENA GOLD ANNOUNCES DECISION NOT TO PROCEED WITH WARRANT REPRICING

Vacaville, CA – April 4, 2025 - Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNR) (“Athena Gold” or the

“Company”) announces that, further to its press release dated April 1, 2025, the Company has elected not to proceed

with amending the terms of an aggregate of 5,684,500 common share purchase warrants to reduce the exercise price

from CDN $0.12 to CDN $0.07 per share.

About Athena Gold Corporation

Athena Gold is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its

objective is to locate and develop economic precious and base metal properties of merit and to conduct additional

exploration drilling and studies on its projects across North America. Athena Gold’s flagship Excelsior Springs Au-

Ag project is located in the prolific Walker Lane Trend in Nevada. Excelsior Springs spans 1,675 ha and covers at

least three historic mines along the Palmetto Mountain trend, where the Company is following up on a recent shallow

oxide gold discovery, with drill results including 5.35 g/t Au over 33.5 m. Meanwhile, the Company’s new Laird Lake

project is situated in the Red Lake Gold District of Ontario, covering 4,158 hectares along more than 10 km of the

Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This

underexplored area is road -accessible, located about 10 km west of West Red Lake Gold’s Madsen mine and 34 km

northwest of Kinross Gold's Great Bear project.

For further information about Athena Gold Corporation and our Excelsior Springs Gold project, please visit

www.athenagoldcorp.com.

On Behalf of the Board of Directors

Koby Kushner

President and Chief Executive Officer, Athena Gold Corporation

For further information, please contact:

Athena Gold Corporation

Koby Kushner, President and Chief Executive Officer

Phone: 416-846-6164

Email: [email protected]

CHF Capital Markets

Cathy Hume, CEO

Phone: 416-868-1079 x 251

Email: [email protected]

Forward-Looking Statements

This press release contains forward- looking statements and forward- looking information (collectively, "forward-

looking statements") within the meaning of applicable Canadian and US. securities laws. All statements, other than

statements of historical fact, included herein, including, without limitation, statements regarding future exploration

plans, future results from exploration, and the anticipated business plans and timing of future activities of the

Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can

give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified

by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", ''plans", "may", "should",

''potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature,

refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the

forward-looking statements in this press release, the Company has applie d several material assumptions, including

without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained

precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in

connection with the future exploration and development of the Company's projects in a timely manner.

The Company cautions investors that any forward- looking statements by the Company are not guarantees of future

results or performance, and that actual results may differ materially from those in forward- looking statements as a

result of various risk factors as disclosed in the final long form prospectus of the Company dated August 31, 2021.

Readers are cautioned not to place undue reliance on forward- looking statements. The Company undertakes no

obligation to update any of the forward- looking statements in this press release or incorporated by reference herein,

except as otherwise.