Stallion Discoveries and ATHA Energy Corp. Sign 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
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700-838 WEST HASTINGS ST
VANCOUVER, BRITISH COLUMBIA
V6C 0A6
Stallion Discoveries and ATHA Energy Corp. Sign 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, July 18, 2023 – Stallion Discoveries Corp. (the "Company" or "Stallion") (TSX-
V: STUD; OTCQB: STLNF; FSE: HM4) is pleased to announce the signing of the definitive agreement (the
“Agreement”) with ATHA Energy Corp. (“Atha”). As previously announced on May 16, 2023, this agreement
gives 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 exercis ed,
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.
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“We are excited to have signed the definitive agreement with Atha and look forward to welcoming them as
shareholders of Stallion . This is transformational deal for Stallion to expand our position in the Western
Athabasca Basin and create the largest single exploration land package . With exploration efforts well
underway and initial geophysical results forthcoming on our 100% owned projects, this transaction will give
our exploration efforts even more potential in the burgeoning and under -explored Western Basin,” stated
Drew Zimmerman, CEO of Stallion Discoveries.
Key Terms:
• During the term of the Option, Stallion will be the sole operator of all exploration programs on the
Project.
• The Option will become exercisable upon completion of the last m ilestone and will remain
exercisable for one year thereafter. Milestones include:
o i) issuance of 3,333,333 shares of Stallion within two business days following the satisfaction
of customary conditions precedent
o ii) accumulation of $3,311,770 Saskatchewan Exploration Expenditure Credits on the Project
within 12 months; and
o iii) accumulation of an additional $8,688,230 Saskatchewan Exploration Expenditure Credits
(for an aggregate of $12,000,000) on the Project within 60 months
• Following the exercise of the Option, Stallion and Atha will commence a joint venture on the Project
with Stallion and Atha (including the carried over interest of the legacy owner) holding a 70% and a
30% interest, respectively.
The transaction is subject to TSX Venture Exchange approval on the part of Stallion and the Can adian
Securities Exchange on the part of Atha.
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 projects in Idaho and Nevada that neig hbour 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
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Drew Zimmerman
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polic ies 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 l aw. 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.