ATHA Energy Announces Appointment of Ryan Gaffney as Senior Vice President, Business Development

ATHA ENERGY ANNOUNCES APPOINTMENT OF RYAN GAFFNEY AS SENIOR VICE PRESIDENT,

BUSINESS DEVELOPMENT

Vancouver, British Columbia , February 27, 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 Ryan Gaffney

as Senior Vice President, Business Development of the Company, effective February 26, 2023.

Troy Boisjoli, CEO of ATHA commented, “We are very fortunate to welcome Mr. Gaffney and his decades

of capital markets and resource experience to the ATHA team, as we continue to place an emphasis on

putting together a world -class team of experienced professionals . Looking ahead, we believe ATHA’s

dominant land position in multiple high -grade uranium basins allows us to execute ATHA’s exploration

and development strategy from a position of strength and are very excited about how the addition of Mr.

Gaffney will help us leverage this generational opportunity in the uranium sector.”

Mr. Gaffney has extensive experience providing corporate finance services to mining and oil and gas

companies including debt, equity and M&A origination and advice. Previously, Mr. Gaffney was Managing

Director with the investment bank Canaccord Genuity , where he worked between Canadian and UK

capital markets from 2002 to 2015. He was also a Non-Executive Director of Australian Stock Exchange

listed Auroch Minerals Limited from 2016 to 2019 and CFO of Canadian Overseas Petroleum Limited from

2020 to 2024. Mr. Gaffney holds a BSBA from the Daniels College of Business, University of Denver, CO.

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 prominent 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 oblig ation 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.