Mr. Troy Boisjoli reports

ATHA ENERGY ANNOUNCES FILING OF ANNUAL FINANCIAL STATEMENTS, MD&A AND ANNUAL INFORMATION FORM AND ELECTION TO ISSUE COMMON SHARES IN SATISFACTION OF US$25 MILLION CONVERTIBLE DEBENTURE INTEREST PAYMENT OBLIGATIONS

Atha Energy Corp. has filed its annual audited financial statements, management discussion and analysis, and annual information form (AIF) for the year ended Dec. 31, 2025. Copies of the financial statements, MD&A, and AIF are available on the company's SEDAR+ profile.

The company also announces that, in accordance with the terms of the $25-million (U.S.) 12 per cent convertible debenture issued to Queen's Road Capital Investment Ltd. (QRC) on Feb. 5, 2026, the company has elected to issue 354,521 common shares in the capital of the company at a deemed price of 66.6 U.S. cents (91.11 Canadian cents ) to QRC as payment for $236,110.99 (U.S.) ($323,047.061 (Canadian)) in interest owing on the convertible debenture.

Under the terms of the convertible debenture, interest is payable quarterly, 8 per cent in cash and 4 per cent in common shares, at a price per common share equal to the greater of the volume-weighted average trading price of the common shares on the TSX Venture Exchange for the 20 trading days ending three trading days prior to the date on which such interest is due, and the minimum price permitted by the policies of the TSX Venture Exchange.

The issuance of the common shares as payment for interest owing on the convertible debenture is subject to the terms and conditions of the convertible debenture as well as the receipt of all requisite approvals, including, without limitation, the approval of the TSX-V.

About Atha Energy Corp.

Atha Energy is a uranium mineral exploration company with a strategically balanced portfolio including three 100-per-cent-owned postdiscovery uranium projects (the Angilak uranium project located in Nunavut, CMB Discoveries in Labrador and the newly discovered basement-hosted GMZ high-grade uranium discovery located in the Athabasca basin) and the largest cumulative prospective exploration land package (greater than seven million acres) in two of the world's most prominent basins for uranium discoveries. Atha Energy also holds a 10-per-cent carried interest in key Athabasca basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd.

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