ATHA Energy Announces Option Grant

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ATHA ENERGY ANNOUNCES OPTION GRANT

Vancouver, British Columbia, April 20, 2023 – ATHA Energy Corp. (CSE:SASK)(“ATHA” or the “Company”)

announces that it has granted an aggregate of 5,700,000 stock options (the “Options”) to directors, officers

and consultants of the Company. The Options have an exercise price of $1.44/share and expire on April

20, 2033. The grant of the Options remains subject to the approval of the Canadian Securities Exchange (the

“CSE”).

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 Nexgen

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

For more information, please contact:

Mike Castanho

Chief Executive Officer and Director

Email: [email protected]

Phone: 778-839-6579

Neither the CSE nor its regulation services provider has reviewed or accepted responsibility for the

adequacy or accuracy of this release.