Mr. Koby Kushner reports

ATHENA GOLD ANNOUNCES VIRTUAL 2026 ANNUAL GENERAL AND SPECIAL MEETING TO BE HELD JULY 24, 2026

In order to enhance accessibility and provide shareholders and other interested parties with a broader opportunity to attend and participate, the annual general and special meeting of Athena Gold Corp.'s shareholders will be held virtually, via Zoom, on Friday, July 24, 2026, at 10 a.m. Mountain Time.

Shareholders of the company as at the close of business on June 9, 2026, are entitled to receive notice of, and to vote at, the meeting.

The company has decided to utilize the notice-and-access method to deliver the management information circular and other meeting materials for the meeting to shareholders. The notice-and-access mechanism allows the company to deliver the meeting materials over the Internet in accordance with the notice-and-access rules adopted by the Canadian Securities Administrators under National Instrument 54-101 -- Communication with Beneficial Owners of Securities of a Reporting Issuer. Under the notice-and-access system, registered shareholders will receive a form of proxy and non-registered holders will receive a voting instruction form enabling them to vote at the meeting. However, instead of a paper copy of the meeting materials, shareholders will receive a notification with information on how they may access such materials electronically. The use of this alternative means of delivery is more environmentally friendly as it will help reduce paper use and will also reduce the printing and mailing costs of the meeting materials. Shareholders are reminded to review carefully the meeting materials prior to voting.

At the meeting, investors will vote on (i) setting the number of directors for the ensuing year at five; (ii) the election of five directors; (iii) the appointment of Davidson & Company LLP as auditor, and authorizing the directors of the company to fix their remuneration; and (iv) approval of the adoption of a 2026 stock option plan, to replace the existing fixed equity incentive plan, all as more particularly described in the company's meeting materials. Shareholders may cast votes on-line, by telephone, by mail or by participating in the virtual meeting, with voting instructions required by July 22, 2026, underscoring the company's shift toward digital governance processes and continued focus on shareholder engagement.

The company's board of directors has approved the adoption of a rolling stock option plan, replacing the previous fixed equity incentive plan. The 2026 stock option plan complies with the policies of the Canadian Securities Exchange, allowing the company to reserve up to 10 per cent of its issued and outstanding shares for stock option issuances. This structure provides increased flexibility to attract, retain and motivate key personnel critical to the company's growth. The 2026 stock option plan is subject to approval by the shareholders of the company at the meeting.

About Athena Gold Corp.

Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena's Laird Lake project is situated in the Red Lake gold district of Ontario, covering more than 7,000 hectares along more than 10 kilometres of the Balmer-Confederation assemblage contact, where recent surface sampling results returned up to 373 grams per tonne Au (gold). This underexplored area is road accessible, located about 10 km west of West Red Lake Gold's Madsen mine and 34 km northwest of Kinross Gold's Great Bear project. Also in Northwestern Ontario is Athena's Forester project, a 4,900-hectare land package located less than 30 km southeast of Orla Mining's Musselwhite gold mine, with historical drill intercepts showing strong potential for both high-grade, narrow-vein and low-grade, bulk-tonnage gold mineralization. Meanwhile, Athena's Excelsior Springs project is located in the prolific Walker Lane trend in Nevada, where it is currently under an earn-in option with Mammoth Minerals Ltd. (formerly Firetail Resources Ltd.). The Excelsior Springs project spans more than 2,500 hectares and includes at least three historic mines.

We seek Safe Harbor.