High-Grade Silver, Gold, Copper, and Antimony Reported From Excelsior Project, Nevada

Sampling extends the high-grade polymetallic Blue Dick Trend to ~3km strike

WHITE ROCK, BRITISH COLUMBIA / ACCESS Newswire / November 10, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) ("Athena" or the "Company") is pleased to provide an exploration update from its 100%-owned Excelsior Springs project in Nevada. Mammoth Minerals Limited (M79) (formerly Firetail Resources Limited) has been aggressively exploring Excelsior, per its option agreement to earn an 80% interest in the project over five years, providing Athena a free-carry to Definitive Feasibility Study thereafter (see press releases dated June 2, 2025, and August 22, 2025). Recently, Mammoth reported high-grade polymetallic rock chip and sampling results from the Blue Dick Trend, on the eastern portion of the Excelsior Springs project (see Mammoth press release, dated November 7, 2025).

Highlights

• Sampling from the Blue Dick Trend, as reported by Mammoth, have expanded the zone to a 2.9km strike, with high grade results including:

  • 5,980g/t Ag, 7.65g/t Au, 0.66% Sb, 0.55% Cu, 3.85% Pb - C110873

  • 4,160g/t Ag, 4.7g/t Au, 0.36% Sb, 0.61% Cu - C110877

  • 674g/t Ag, 4.4g/t Au, 0.18% Sb - C110866

  • 363g/t Ag, 5.91g/t Au, 5.76% Zn - C110888

  • 178g/t Ag, 10.25g/t Au, 1.58% Pb, 2.41% Zn - C110892

  • 42.1g/t Au, 35g/t Ag - C23912

  • 17.85g/t Au, 106g/t Ag - C23945

  • 13.8% Cu, 0.57g/t Au - C23903

  • 338g/t Ag, 8.07% Cu, >20% Pb, 1.55g/t Au - C239308

• Petrophysical analysis is underway to determine optimal geophysical targeting methods.

• Multiple significant ground disturbances including pits and adits have been identified along strike and parallel to the Blue Dick Mine - further reconnaissance sampling and mapping planned.

• Structural interpretation and targeting will be refined following the delivery of high-resolution magnetic coverage, which is expected in coming weeks.

• Project-wide LiDAR survey completed, with results to provide high-resolution topography to assist with identifying and mapping the extensive previous mining activities undertaken at site.