ATHA Energy Corp. announced plans for its 2024 Gemini Project Exploration Program. At the 100%-owned Gemini Project located in the Athabasca Basin, Saskatchewan, the Company will deploy a three phased exploration approach.

Phases I & II are designed to increase the probability of discovery and optimize capital expenditure during the Company?s Phase III diamond drill program, slated to begin mid third quarter of 2024. The 2024 Gemini Project Exploration Program is in addition to the Company?s previously announced 2024 exploration programs at the Angilak Project in Nunavut and regional exploration on nine of its wholly owned high-priority projects within its four Athabasca Basin Exploration Districts (North Rim, Cable Bay, East Rim and West Rim). See March 20th, 2024, news release for more detail.

The Company?s full 2024 Exploration Program comprising activities in Nunavut and Saskatchewan represents one of the largest uranium focused exploration programs globally and is the most significant undertaken by ATHA Energy. The Company?s core objective is discovery and development of its portfolio of uranium focused projects. With the acquisition of Latitude Uranium and 92 Energy, ATHA Energy?s portfolio now totals 8.1 million acres across Canada?s three most prospective jurisdictions for uranium discovery and development.

The Company?s portfolio is highly diversified across the exploration risk curve. With projects ranging from development stage like Angilak, which host?s the Lac 50 Deposit ? one of the largest, highest grade uranium deposits outside of the Athabasca Basin; post discovery projects like Gemini ?

which contains GMZ ? a recent shallow, basement style, high-grade uranium discovery; through to highly prospective greenfields projects with numerous uranium occurrences and high-priority de-risked geophysical targets. ATHA?s exploration approach is designed to provide maximum exploration exposure by investing at scale in a large number of early-stage projects, derisking those targets, and seeking to deliver advanced exploration upside through the expansion of known uranium deposits and additional discoveries.

ATHA intends to leverage its robust cash position to pursue a fully-funded growth strategy. With the acquisition of 92 Energy by ATHA Energy, which includes the 100%-owned Gemini Project, the Company?s objective is to build upon the work completed by 92 Energy. The 2024 Gemini Project Exploration Program?s objective is expansion of mineralization at the GMZ and discovery of additional zones of mineralization within the GMZ Trend.

The program has three progressive Phases designed to increase the probability of discovery and optimise capital expenditure. Phase I Geophysics will provide additional data needed to identify areas of expansion at GMZ and de-risk regional targets within the GMZ Trend. Phase II Target Development and Diamond Drilling Optimization compiles all available data collected during exploration programs at the Gemini Project.

The comprehensive data set will then be used in development of 3D geological model and coupled with machine learning technologies to further enhance and de-risk targets. Phase III Diamond Drilling will target expansion of the mineralized footprint at GMZ and discovery of additional zones of uranium mineralization within the GMZ Trend. Phases I and II are currently ongoing and are anticipated to be finalized by end of second quarter of 2024.

Phase III is scheduled to commence in mid third quarter of 2024, with preparations already underway. The Company has secured all necessary permits and approvals. ATHA Energy announced that it has retained Hybrid Financial Ltd. (?Hybrid?) to provide marketing services to the Company.

Hybrid has been engaged to heighten market and brand awareness for ATHA Energy and to broaden the Company's reach within the investment community. The services to be provided by Hybrid include phone calls to, and email communications with, qualified North American Investment Professionals (the ?Services?). Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange (the ?TSXV?) in providing the Services.

Hybrid has been engaged by the Company for an initial period of six months starting April 11, 2024 (the ?Initial Term?) and then shall be renewed automatically for successive three-month periods thereafter, unless terminated by the Company in accordance with the Agreement. Hybrid will be paid a monthly fee of $15,000, plus applicable taxes, during the Initial Term. No securities of ATHA are being granted to Hybrid under the terms of its engagement.