Stallion Discoveries and ATHA Energy Corp. Close Definitive Option Agreement Unlocking Potential to Create the Largest Continuous Exploration Land Package in the Western Athabasca Stallion’s Combined Land Package Covers Over 3,000 km2 in Athabasca Basin
700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
Stallion Discoveries and ATHA Energy Corp. Close Definitive
Option Agreement Unlocking Potential to Create the Largest
Continuous Exploration Land Package in the Western Athabasca
Stallion’s Combined Land Package Covers Over 3,000 km2 in Athabasca Basin
Vancouver, British Columbia, September 11, 2023 – Stallion Discoveries Corp. (the "Company" or "Stallion")
(TSX-V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce that it has received TSX Venture Exchange
approval and closed the option agreement (the “ Agreement”) with ATHA Energy Corp. (“Atha”), as
announced on July 28, 2023 . The Agreement provides the Company the option (the “Option”) to acquire a
70% interest in 47 mineral claims covering 547,524 acres in Saskatchewan’s prolific Western Athabasca Basin
(the “Project”). Should the Option be exercised, the Company would hold an aggregate of 715,450 acres in
the Western Athabasca Basin, part of which would form the largest contiguous land package in the Western
Athabasca Basin.
Figure 1 – Stallion’s Combined Land package in Western Athabasca Basin
Terms of the Agreement
Pursuant to the terms of the Agreement, the Company has issued 3,333,333 common shares in the capital
of the Company, which bear a statutory hold period of four months and one day. In addition, the Company
shall accumulate $3,311,770 Saskatchewan Exploration Expenditure Credits on the Project within 12 months
(the “ Early Expenditures”) and accumulate additional $8,688,230 Saskatchewan Exploration Expenditure
Credits (for an aggregate of $12,000,000) on the Project within 60 months. If Stallion fails to incur the Early
Expenditures, it may satisfy the obligation by paying cash to Atha or by issuing Atha additional shares in
accordance with the terms of the Agreement. A ny additional shares issued to Atha for potential missed
milestones will be subject to prior approval of the TSX Venture Exchange. Stallion shall be the sole operator
of all exploration programs on the Project. Following the exercise of the Option, Stallion and Atha will
commence a joint venture on the Project with Atha’s 30% interest subject to a 10% free -carried interest in
favour of a third party.
Marketing Agreement
Further, the Company has engaged CanadianMiningReport.com Inc. ("CMR”) of Pemberton, BC, to provide
content creation, marketing materials and advertising for the Company for an intial period of 3 months .
pursuant to an agreement dated September 8, 2023, and in consideration of payments totaling CAD $42,500.
The agreement shall automatically r enew on a monthly basis upon expiry of the initial period at a rate of
CAD$10,000 per month, until terminated by the Company with 30 days’ notice. The agreement with CMR
remains subject to approval of the TSX Venture Exchange.
About Atha Energy Corp.
A
THA is a mineral exploration company focused on the acquisition, exploration and development of mineral
resource properties. ATHA holds the largest cumulative exploration package in the Athabasca Basin, the
world’s most prominent basin for uranium discoveries, with 3.4 million acres along with a 10% carried
interest portfolio of claims operated by Nexgen Energy Ltd. (TSX: NXE) and IsoEnergy Ltd. (TSX-V
: ISO).
F
or more information visit www.athaenergy.com
About Stallion Discoveries
Stallion Discoveries is working to Fuel the Future with Uranium through the exploration of over 3,000 km2 in
the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company holds the
largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.
Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with
the capital markets experience and the technical talent for acquiring and exploring early-stage properties.
Stallion offers optionality with two gold proj ects in Idaho and Nevada that neighbour world class gold
deposits offering exposure to upside potential from district advancement with limited capital expenditures.
For more information visit Stalliondiscoveries.com or contact:
Lisa Stewart
Investor Relations
(604) 341-8177
Drew Zimmerman
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward- looking statements and forward- looking information within the meaning of Canadian securities
legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. Any
statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance
(often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is
anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, “projection”, “strategy”, “objective” and “outlook”) are not
historical facts and may be forward- looking statements and may involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that
these expectations will prove to be correct and such forward- looking statements included in this material change report should not be
unduly relied upon. These statements speak only as of the date they are made.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which
are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or
implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to
time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent t o which any
factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-
looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement.