High-Grade Silver, Gold, Copper, and Antimony Reported From Excelsior Project, Nevada

Executive Summary

• Mammoth Minerals reported high‑grade polymetallic intercepts extending the Blue Dick Trend to a ~2.9 km strike on Athena’s 100% owned Excelsior Springs project in Nevada.
• Multiple samples returned exceptionally high grades (e.g., up to 5,980 g/t Ag and 7.65 g/t Au), indicating significant mineralization potential across silver, gold, copper, lead, zinc, antimony, and palladium.
• Athena is advancing geophysical targeting, LiDAR mapping, and continued diamond drilling on adjacent trends, with further reconnaissance sampling planned.

Key Details

• Trend Extension: Blue Dick Trend now documented over a 2.9 km strike length based on recent surface chip/sampling program.
• High‑Grade Sample Highlights:
• 5,980 g/t Ag, 7.65 g/t Au, 0.66 % Sb, 0.55 % Cu, 3.85 % Pb – sample C110873
• 4,160 g/t Ag, 4.70 g/t Au, 0.36 % Sb, 0.61 % Cu – sample C110877
• 674 g/t Ag, 4.40 g/t Au, 0.18 % Sb – sample C110866
• 363 g/t Ag, 5.91 g/t Au, 5.76 % Zn – sample C110888
• 178 g/t Ag, 10.25 g/t Au, 1.58 % Pb, 2.41 % Zn – sample C110892
• 42.1 g/t Au, 35 g/t Ag – sample C23912
• 17.85 g/t Au, 106 g/t Ag – sample C23945
• 13.8 % Cu, 0.57 g/t Au – sample C23903
• 338 g/t Ag, 8.07 % Cu, >20 % Pb, 1.55 g/t Au – sample C239308
• Ground Disturbances: Numerous pits and adits identified along strike; additional reconnaissance sampling and detailed mapping scheduled.
• Geophysical Work: Petrophysical analysis underway to refine optimal magnetic/EM targeting; high‑resolution magnetic survey data expected in coming weeks.
• LiDAR Survey: Project‑wide LiDAR completed, delivering high‑resolution topography for mapping historic mining features.
• Drilling Activity: Diamond drilling continues on the adjacent Buster Gold Trend; multiple sample batches submitted for assay.
• Option Agreement Context: Mammoth Minerals holds an option to earn 80 % of Excelsior Springs over five years, granting Athena a free‑carry to a Definitive Feasibility Study thereafter (see Athena releases June 2 2025 and August 22 2025).
• Qualified Person Review: Technical information reviewed and approved by Benjamin Kuzmich, P.Geo., VP Exploration, Athena Gold Corp.

Notable Quotes

• “The recent high‑grade results from the Blue Dick Trend underscore the significant polymetallic potential of Excelsior Springs and reinforce our confidence in advancing this project toward a definitive feasibility study.” – Koby Kushner, President & CEO, Athena Gold Corporation.