Mr. Troy Boisjoli reports

ATHA ENERGY ANNOUNCES ELECTION TO ISSUE COMMON SHARES IN SATISFACTION OF US$25 MILLION CONVERTIBLE DEBENTURE INTEREST PAYMENT OBLIGATIONS

In accordance with the terms of the $25-million 12-per-cent convertible debenture issued to Queen's Road Capital Investment Ltd. (QRC) on Feb. 5, 2026, the company has elected to issue 340,136 common shares in the capital of the company at a deemed price of 73.5 U.S. cents ($1.031) to QRC as payment for $249,999.96 (U.S.) ($350,349.941) 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-V.

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 focused on advancing exploration at scale at its flagship Angilak project in southern Nunavut, where Atha controls 100 per cent of the Angikuni basin. Atha offers significant exposure to uranium discovery, controlling the largest cumulative prospective exploration land package (6.8 million acres) across Canada's most prominent basins for uranium discoveries, and 10-per-cent carried interest exposure in key Athabasca basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd. Atha is institutionally backed, led by a strategic investment from Queens Road Capital Investment.

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