ATHA Energy Announces Appointment of Suraj Ahuja as Technical Advisor

ATHA ENERGY ANNOUNCES APPOINTMENT OF SURAJ AHUJA AS TECHNICAL ADVISOR

Vancouver, British Columbia , February 6 , 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 Suraj Ahuja

M.Sc. as Technical Advisor of the Company to bring valuable resource development expertise to ATHA’s

unprecedented exploration efforts, effective February 1, 2023.

Troy Boisjoli, CEO of ATHA commented, “We are extremely fortunate to welcome Mr. Ahuja, a mineral

exploration and resource development veteran who brings decades of knowledge and experience to our

team. As ATHA continues to showcase our commitment to developing the next generation of world-class

uranium assets, we are confident that Mr. Ahuja’s proven track record of designing and executing mineral

exploration programs will align seamlessly with the existing exploration expertise of our team as we

navigate the intricacies of this unprecedented exploration opportunity.”

Mr. Ahuja’s brings an extensive background of resource development experience with over 50 years of

experience as a geologist in the mining industry , primarily focused on managing the exploration and

development of projects in the uranium sector , both in Canada and internationally . Mr. Ahuja ’s

experience notably includes developing the foundation of a number of Canada’s most prominent uranium

assets while working as Senior Geologist with Saskatchewan Mining and Development Corporation

(SMDC) from 1978 to 1988, which later became Cameco Corporation ( TSX: CCO)(NYSE: CCJ) – now the

world’s second largest uranium producer . Since 1988, Mr. Ahuja has worked in senior management

positions or as principal consultant to several companies, including four Japanese companies, to support

their uranium projects in Canada and across the globe, displaying proven experience in design,

development, and execution of successful mineral exploration programs from grassroots to detail

property evaluations, including mine geology and feasibility studies.

Mr. Ahuja was appointed as a director of UEX Corp. in 2004, which was later acquired by Uranium Energy

Corp. ( NYSE: UEC ) in 2022 to create one of the largest diversified uranium companies in the world.

Additionally, Mr. Ahuja is an independent director of Nevada Sunrise Gold Corp.

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. (TSX: NXE) and Iso Energy Ltd. (TSX-V: ISO).

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 availability 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.