ATHA ENERGY ANNOUNCES APPOINTMENT OF DOUG ENGDAHL TO THE BOARD OF DIRECTORS AND ENGAGEMENT OF KEY TECHNICAL TEAM MEMBERS ATHA holds the largest reported cumulative exploration package in the Athabasca Basin – one of the
ATHA ENERGY ANNOUNCES APPOINTMENT OF DOUG ENGDAHL TO THE BOARD OF DIRECTORS AND
ENGAGEMENT OF KEY TECHNICAL TEAM MEMBERS
ATHA holds the largest reported cumulative exploration package in the Athabasca Basin – one of the
world's most prominent basins for uranium discoveries.
Vancouver, British Columbia, June 6, 2023 – ATHA Energy Corp. ("ATHA" or the "Company") (CSE: SASK)
(FRA: X5U) (OTCQB: SASKF ) is pleased to announce that Doug Engdahl will be joining ATHA's board of
directors in addition to assuming the role of Managing Director. Mr. Engdahl brings a wealth of uranium
experience as a former Senior Mine Geologist for Cameco Corporation's McArthur River Mine, the world's
largest high -grade uranium mine, 1 and will be responsible f or managing ATHA 's land development
programs and technical personnel to further advance the exploration of the Company's 3.4-million-acre
land package. Alongside Mr. Engdahl, ATHA is pleased to announce the addition of five technical team
members in anticipation of its maiden exploration program this summer, where ATHA intends to leverage
their technical expertise to help the Company define and develop prospective properties.
Led by Doug Engdahl, the group brings extensive knowledge and experience in the successful execution
of global mining exploration, including in uranium and within the Athabasca Basin. This includes expertise
in all aspects of g eological, geophysical, environmental, and community engagement ef forts, which will
be instrumental in conducting geophysical and geological data compilation as well as interpretation work
on ATHA's land package.
Mike Castanho, CEO of ATHA commented: "With a depth of experience in the Athabasca B asin with
companies like Cameco , Orano, NexGen Ene rgy and Denison Mines, we are delighted to add such an
accomplished group of individuals to the ATHA team at such a formative time for the Company. Our shared
vision, coupled with their proven track record of success, ensures that our exploration efforts will be guided
by the very best minds in the business."
The Technical Team
Doug Engdahl, P.Geo – Managing Director
Mr. Engdahl has over 20 years of experience managing various companies with over 15 years of geological
experience in both junior and major exploration and mining sectors across North America and in Africa.
His extensive mineral exploration experience has been focused on data compilation and interpretation,
drill target generation and drill program management, as well as resource and mine modeling with focus
on structural geology and resource calculations. Mr. Engdahl has extensive Athabasca Basin resource
experience having previously spent over eight years working as a Senior Mine Geolog ist on Cameco
Corporation's McArthur River Mine, the largest high-grade uranium mine in the world.1
Doug Adams, B.Sc. – VP, Exploration
Mr. Adams has over 17 years of geoscience experience working in the mining industry with a specific focus
in uranium. Mr. Adams spent over 10 years as a geologist with Cameco where he managed multiple
projects and was responsible for drill targets, downhole data interpretation, and supervision of junior
geologists. Beyond Cameco, Mr. Adams also brings uranium experience from his time working with
Denison Mines, 92 Energy and Okapi Resources and has been part of significant uranium discoveries and
advancement of known deposits throughout the Athabasca region. Mr. Adams has been a key contributor
in discoveries at Eagle Point, McArthur River & West McArthur River , Crowe Butte, Brown Ranch, and
most recently the GMZ zone on 92 Energy 's Gemini project. H e has extensive experience with
unconformity, roll-front and tabular deposits in the US and Canada.
Rob Friesen, M.Sc. – Environment Specialist
Mr. Friesen has over 1 5 years of experience in environment, regulatory frameworks, building
relationships, and communications for various resource sectors with a primary focus in mining. Mr.
Friesen has managed and implemented environmental management systems and programs conforming
to regulatory and ISO 14001 standards for uranium and gold mining operations within Saskatchewan ,
including Cameco Corporation's McArthur River Mine, the largest high-grade uranium mine in the world.
Along with his technical expertise, Mr. Friesen has extensive experience as a subject matter expert for
industry and community in a variety of engagement and educational opportunities and is well-versed in
building regulatory , community and business relationships associated with the mining industry in
Saskatchewan.
Chris Brown, P.Geo – Geophysical Specialist
Mr. Brown has 17 years of experience in applying borehole, ground, and airborne geophysical methods to
enhance mineral exploration projects in a wide range of environments globally. Mr. Brown has also been
extensively involved in geophysical project management from business development, client retention and
budgeting, as well as survey planning, data acquisition, processing, modelling, and interpretation. He has
interpreted datasets for myriad mineral deposit types including uranium.
Melissa Engdahl, MBA, MSW – Community Relations Specialist
Ms. Engdahl has over 25 years of experience working with individuals, community, public sectors, non -
profits, and private enterprise facilitating groups, leading community development initiatives,
implementing organizational strategies and building shared value principles, and social awareness into
core business models, operations, and service/supply chains. Ms. Engdahl 's experience working with
Indigenous communities over the last decade underscores the importance of reciprocity, trust,
transparency and authentic relationship building in her practice. Her unique experience and diverse
education align to support and innova te corporate strategies for corporate social responsibility and
environmental, social and governance activities for the organizations she serves.
Ty Magee, M.Sc., P.Geo – Geochemical Specialist
Mr. Magee has over 8 years of academic and professional exploration experience and has worked with in
North America and internationally on multiple projects from grassroots to brownfield exploration on
various types of commodities in several roles, including as a Contract Geologist for Denison Mines. Mr.
Magee brings exploration experience with focus on data compilation, QA/QC and sampling methods,
geological mapping and prospecting, geochemical data interpretations/modeling, projec t planning and
targeting, and technical writing.
The engagement of the members of the Technical Team was completed pursuant to the terms of a master
services agreement that the Company entered into with Axiom Exploration Group Ltd. (" Axiom") on
June 5, 2023. Pursuant to this agreement, Axiom will provide certain technical, geological, geophysical
and environmental consulting services, and the Company will pay Axiom a minimum monthly retainer, as
well as any additional approved costs, and will reimburse Axiom for any ancillary costs.
The Company also announces the resignation of Joerg Kleinboeck as Vice-President, Exploration. ATHA
would like to thank Mr. Kleinboeck for his contributions during his time with the Company. The Company
has appointed Doug Adams as Vice-President, Exploration.
Additionally, the Company announces the resignation of Morgan Tincher from the board of directors of
the Company. Mr. Tincher will continue to provide ongoing consulting services to ATHA moving forward.
The Company would like to thank Mr. Tincher for his efforts and perspective during his time as a member
of the board.
OTC Listing
ATHA is pleased to announce that on June 1, 2023, its common shares were listed for trading on the
OTCQB® Venture Market ("OTCQB") under the trading symbol SASKF. The Company's common shares will
continue to trade on the Canadian Securities Exchange ( "CSE") under the symbol SASK and the Frankfurt
Stock Exchange ("FSE") under the symbol X5U.
Notes:
[1] World Nuclear Association
About ATHA
ATHA is a mineral exploration company focused on the acquisition, exploration, and development of
mineral resource properties. The Company has an option to acquire a 100% interest and title to the Golden
Rose Property located in Northeastern Ontario and has acquired 3. 4 million acres in the Athabasca Basin
in Saskatchewan and Alberta along with a 10% carried interest portfolio of claims operated by Nex Gen
Energy Ltd. (TSX: NXE) and IsoEnergy Ltd. (TSX-V: ISO).
For more information visit www.athaenergy.com
For more information, please contact:
Mike Castanho
Chief Executive Officer and Director
Email: [email protected]
Phone: 778-839-6579
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 results "may,"
"could," "would," "might," "will" or "will be taken," "occur" or "be achieved." In addition, any statements
that refer to expectations, projections or other characterizations of future events or circumstances such as
statements referring to the upcoming exploration and drilling program to be undertaken by the Company
and any results that may be obtained therefrom contain forward -looking information. 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, assumpt ions 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 the inherent uncertain nature of exploration
work, unforeseen weather and other events that may delay or otherwise impede the proposed work
programs to be undertaken by the Company as well as the factors described in greater detail in the "Risk
Factors" section of ATHA's final prospectus dated March 23, 2023 , available under the Company's profile
at www.sedar.com. These facto rs 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. 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 CSE nor its regulation services provider has reviewed or accepted responsibility for the
adequacy or accuracy of this release.