ATHA Energy Corp. Announces Proposed Property Acquisition
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ATHA ENERGY CORP. ANNOUNCES PROPOSED PROPERTY ACQUISITION
Kelowna, British Columbia, July 25, 2022 – Atha Energy Corp. (the “Company”) is pleased to announce
that it has entered into an agreement to acquire an option over the Golden Rose Gold Property in Ontario.
Golden Rose Gold Property Option Agreement
Pursuant to a Property Option Agreement dated July 19, 2022 between the Company and Conquest
Resources Limited (“Conquest”), the Company has secured the sole and exclusive right and option (the
“Option”) to acquire up to a 100% undivided interest in certain mineral leases, known as the Golden Rose
Gold Property, located in the Sudbury Mining District, Ontario. To fully exercise the Option, the Company
must pay Conquest an aggregate of $1,000,000 and issue Conquest an aggregate of 1,500,000 Common
Shares over a period of 36 months. The Company has also agreed to grant Conquest a 1.0% net smelter
return on the Golden Rose Project.
About Atha Energy Corp.
The Company was incorporated under the Business Corporations Act (British Columbia) on January 14,
2021 under the name “Inglenook Ventures Ltd.”. On May 30, 2022, the Company changed its name to
“Atha Energy Corp”.
ON BEHALF OF THE BOARD OF DIRECTORS:
Mike Castanho
Director
Email: [email protected]
Phone: 778-839-6579
Forward-Looking Information
This news release contains forward-looking statements and information that are based on the beliefs of
management and reflect the Company's current expectations. When used in this news release, the words
"estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and
the negative of these words or such variations thereon or comparable terminology a re intended to
identify forward -looking statements and information. Although the Company believes the forward -
looking information contained in this news release is reasonable based on information available on the
date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future results, performance or achievem ents
expressed or implied by such forward-looking statements.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE
EXPECTATIONS OF ATHA ENERGY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS
SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON
FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATI ON AS OF ANY
OTHER DATE. WHILE ATHA ENERGY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS
INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.