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We have news: Atha Energy Corp. Completes Maiden Exploration Program at the Angilak Project; Identifies Multiple New Mineralized Trends and Expands Uranium Mineralization at Lac 50 HIGHLIGHTS: The Angilak Project is host to the Lac 50 Uranium Deposit (the “Lac 50 Trend”), one of the largest high-grade deposits outside of the Athabasca Basin, with a historical mineral resource estimate of 43.3M lbs at an average grade of 0.69% U3O8.¹ Drilling conducted by Latitude Uranium at the Angilak Project in 2023 intersected grades of up to 7.54 % U₃O₈ over 1.6 m. The 2024 Angilak Exploration Program has concluded after twenty-five diamond drill holes were completed between early June and late August for a total of ~10,051 m. The program was highly successful and on budget. All objectives were successfully achieved with the expansion of the historic footprint of mineralization along the Lac 50 Trend and the identification of new parallel mineralized trends called the Lac 48, Lac 52, and Lac 54 Trends. The Lac 48, Lac 50 (host to the historic Lac 50 Deposit), Lac 52, and Lac 54 Trends remain open in all directions with high prospectivity for further discovery and expansion of uranium mineralization. Additionally, untested areas between the newly identified trends are also prospective for discovery of new mineralized trends. Regional Exploration at Angilak: Thirteen holes were completed at prospective regional targets proximal to the Lac 50 Trend for a total of 5,167 m. • All holes discovered new lenses of uranium mineralization, expanded on previously discovered showings, or identified prospective structures. Three prospective trends – all parallel to the Lac 50 Trend – were tested: 1. Lac 48 Trend – located ~1 km to the southwest of the Western-Extension Zone at Lac 50. One hole was drilled during 2024 at the Blaze target and intersected high-grade mineralization with a peak of 10,642 cps at 94.9 m depth. The Lac 48 Trend consists of several parallel mineralized corridors with approximate strike lengths of 500 to 1,100 m 2. Lac 52 Trend – located ~750 m to the north of the Main Zone at Lac 50. A total of eight holes were drilled during 2024 along the 5.2 km long corridor within the Pulse and Mushroom Lake Target areas. Drilling along the Lac 52 Trend is highlighted by holes: • PL-DD-030: intersected high-grade mineralization between 262.4 and 262.7 m with a peak of 30,273.4 cps recorded via gamma probe. • ML-DD-009: intersected high-grade mineralization with a peak of 14,870.5 cps at 102.7 m depth. 3. Lac 54 Trend – located ~1.5 km to the north of the J4/Ray Zones. A total of four holes were drilled during 2024, all intersecting #uranium mineralization, extending the mineralized strike length to ~1.1 km. ¹ See the release for more information and important disclosures → https://lnkd.in/eYMtmPGT

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Jason Powell

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2w

Great news.

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