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ATHA Energy Announces Appointment of Cliff Revering as Vice President Exploration and Karina Tyne as Director of Corporate Affairs

Management Changes

ATHA ENERGY ANNOUNCES APPOINTMENT OF CLIFF REVERING AS VICE PRESIDENT EXPLORATION

AND KARINA TYNE AS DIRECTOR OF CORPORATE AFFAIRS

Vancouver, British Columbia , February 12, 2024 – ATHA Energy Corp. (CSE: SASK) (FRA: X5U) (OTCQB:

SASKF) (“ATHA” or the “Company”), holder of the largest uranium exploration portfolio in two of the

highest-grade uranium districts in the world, is pleased to announce that it has appointed Cliff Revering

as Vice President Exploration, effective February 14, 2023, and Karina Tyne as Director of Corporate Affairs

of the Company, effective February 12, 2023.

Troy Boisjoli, CEO of ATHA commented, “ATHA is very privileged to welcome Mr. Revering and Ms. Tyne

to the ATHA team at what we believe is an exciting inflection point for the Company during a time of

unprecedented macroeconomic strength in the uranium market. At ATHA, our people are one of the

primary cornerstones of our execution strategy, and the addition of Mr. Revering and Ms. Tyne – who

have been a part of some of the most significant uranium assets in the world – equips our team with a

unique depth of expertise that further positions the Company to unlock value across our exciting

foundation of assets.”

Mr. Revering, P.Eng., brings over 28 years of experience in the mining sector , encompassing grass-roots

exploration, project evaluation and development, and mine operations . Mr. Revering has extensive

uranium expertise spanning North America, Australia, and Africa, and has worked on nearly every major

uranium deposit within Canada. Throughout his career, Mr. Revering has served as a Qualified Person

related to mineral resources on uranium projects within the Athabasca Basin and Africa, including his role

as Chief Geologist at Cameco’s Cigar Lake Uranium Mine during the first five years of mine operations ,

where Mr. Revering was responsible for managing the geology, geotechnical , and groun d freezing

departments.

Ms. Tyne, P.Geo., brings a unique blend of experience gained over 16 years in the mining sector including

Indigenous engagement, corporate management, as well as exploration and mine geology working on

some of the world’s highest -grade uranium deposits , including Cameco’s McArthur River. Dedicated to

responsible resource development, Ms. Tyne led community and Indigenous engagement at NexGen

Energy, where she played an integral role in the successful negotiation and execution of collaboration

agreements with several Indigenous nations. With a diverse and extensive range of experience, Ms. Tyne

has managed the development of numerous internal processes and systems through times of both rapid

growth and immense regulatory change, including leading the developm ent and implementation of a

professional practice management plan for Teck Resources Limited, one of BC’s largest employers of

engineers and geoscientists.

ATHA also announces that Doug Adams will transition from VP, Exploration to Director of Basin

Exploration and continue to spearhead critical ongoing exploration work within the Company.

About ATHA

ATHA is a mineral exploration company focused on the acquisition, exploration, and development of

mineral resource properties. ATHA holds the largest cumulative exploration package in each of the

Athabasca Basin and Thelon Basin, two of the world’s most pr ominent basins for uranium discoveries,

with 6.4 million total acres along with a 10% carried interest portfolio of claims in the Athabasca Basin

operated by NexGen Energy Ltd. and Iso Energy Ltd.

For more information visit www.athaenergy.com

For more information, please contact:

Troy Boisjoli

Chief Executive Officer

Email: [email protected]

1-306-460-5353

www.athaenergy.com

Forward-Looking Information and Statements

Certain information in this news release constitutes forward -looking information. In some cases, but not

necessarily in all cases, forward -looking information can be identified by the use of forward -looking

terminology such as "plans," "targets," "expects" or "does not expect, " "is expected, " "an opportunity

exists," "is positioned, " "estimates," "intends," "assumes," "anticipates" or "does not anticipate " or

"believes," or variations of such words and phrases or state that certain actions, events or result s "may,"

"could," "would," "might," "will" or "will be taken, " "occur" or "be achieved. " Statements containing

forward-looking information are not historical facts but instead represent management 's expectations,

estimates and projections regarding future events.

Forward-looking information is necessarily based on a number of opinions, assumptions and estimates

that, while considered reasonable by ATHA as of the date of this news release, are subject to known and

unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of

activity, performance or achievements to be materially different from those expressed or implied by such

forward-looking information, including but not limited to risks regarding the uncertain nature of m ineral

exploration; market perception and acceptance of the common shares of the Company and its assets and

properties both in Canada and in the United States; commodity pricing; stock market volatility and general

market conditions; changes in global and regional demand for products; the business prospects of ATHA,

competition; inflation; trade uncertainties as a result of, among other things, the COVID-19 pandemic, the

Russian-Ukrainian war and changes to global trade restrictions and tariffs; the availab ility of credit on

commercially reasonable terms; foreign exchange risks; legal and regulatory risks (including changes in

law or regulation); risks related to relationships with stakeholders including any first nations or aboriginal

groups; costs of inputs; weather and other acts of god and their impact on activities proposed to by carried

on by ATHA; and the factors described in greater detail in the "Risk Factors " section of ATHA 's final

prospectus dated March 23, 2023 available at www.sedar.com. These f actors are not intended to

represent a complete list of the factors that could affect ATHA; however, these factors should be

considered carefully. There can be no assurance that such estimates and assumptions will prove to be

correct. There is no assurance that any benefit will be derived by any party as a result of the information

presented in this news release . The forward-looking statements contained in this news release are made

as of the date of this news release, and ATHA expressly disclaims any obligation to update or alter

statements containing any forward -looking information, or the factors or assumptions underlying them,

whether as a result of new information, future events or otherwise, except as required by law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of

this release.