Mr. Koby Kushner reports

ATHENA GOLD COMPLETES MAIDEN DRILL PROGRAM AT LAIRD LAKE PROJECT IN ONTARIO'S RED LAKE GOLD DISTRICT

Athena Gold Corp. has provided an exploration update from its flagship Laird Lake project in Ontario's Red Lake gold district.

The company has successfully completed its maiden drill program at the project, which comprised a total of 5,134 metres across nine diamond drill holes. The company expects to receive all pending assays by early August. Crews have now commenced demobilization, with site cleanup activities under way.

"We are pleased to have safely and successfully completed our maiden drill program at Laird Lake, the culmination of years of hard work modernizing historical geophysical data through 3-D inversions and completing an extensive plus-2,000-sample geochemical program. We extend our sincere thanks to Wabauskang First Nation and the Cameron family for their partnership and support throughout the program. We look forward to receiving all pending assay results and providing further updates to shareholders," said Koby Kushner, chief executive officer of Athena.

Qualified person statement

The technical information presented in this news release has been reviewed and approved by Benjamin Kuzmich, PGeo, vice-president of exploration for Athena Gold and the qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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 gold. This underexplored area is road accessible, located about 10 kilometres west of West Red Lake Gold's Madsen mine and 34 kilometres 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 kilometres 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.

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