OTCQB | Cpiff Carlton Precious Announces Filing of Notice of Intention to Sell Athena GOLD Cororation Common Shares
TSXV | CPI
OTCQB | CPIFF
CARLTON PRECIOUS ANNOUNCES FILING OF
NOTICE OF INTENTION TO SELL
ATHENA GOLD CORORATION COMMON SHARES
Toronto, Ontario, September 17, 2025 – Carlton Precious Inc. (TSX-V: CPI | OTCQB: CPIFF) ("Carlton
Precious" or the " Company") announces that the Company has filed a notice of intention to distribute
securities (Form 45-102F1) (the “Notice”) in connection with its proposed sale of up to 5 million common
shares of Athena Gold Corporation (CSE: ATHA) (“Athena”). The common shares are expected to be sold
through the facilities of the Canadian Securities Exchange, and may also be sold or transferred privately.
The Company has held its shares of Athena since December 2021 and this sale is part of a monetization
strategy.
As of September 16, 2025, the Company owns an aggregate of 55,000,000 common shares of Athena, or
21.1% of the issued and outstanding Athena common shares. If the maximum number of shares covered
by the Notice are ultimately sold, and assuming no other variation of Athena’s common shares outstanding,
the Company would still hold an aggregate of 50,000,000 common shares of Athena, or 19.2% of Athena’s
common shares currently issued and outstanding. Depending on market and other conditions, the Company
may further decrease its security holdings in Athena as it may determine appropriate. A copy of the Notice
has been filed by the Company on Athena’s SEDAR+ profile at www.sedarplus.ca. There is no assurance
as to the timing of the proposed sales contemplated in the N otice, and any such proposed sales may not
occur.
About Carlton Precious Inc.
Carlton Precious is a publicly traded precious and base metals exploration company listed on the TSX
Venture Exchange. The Company is managed by a team of experienced mining and geological
professionals. Carlton Precious’ projects are focused on key mining jurisdictions including Peru and
Australia (central Victoria and Tasmania).
For further information, please contact:
Martin Walter, CEO, Carlton Precious Inc., at +1-416-389-5692 or [email protected].
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Statements
This news release contains certain "forward -looking information" within the meaning of applicable
securities laws. Forward looking information is frequently characterized by words such as "plan", "expect",
"project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and
other similar words, or statements that certain events or conditions "may" or "will" occur. These statements
are only predictions. Forward-looking information is based on the opinions and estimate s of management
at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors
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that could cause actual events or results to differ materially from those projected in the forward - looking
information. For a description of the risks and uncertainties facing the Company and its business and affairs,
readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes
no obligation to update forward- looking information if circumstances or management’s estimates or
opinions should change, unless required by law. The reader is cautioned not to place undue relia nce on
forward-looking information.