Athena Appoints Fred Leigh to Board of Directors

Toronto, Ontario--(Newsfile Corp. - September 8, 2026) - Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) ("Athena" or the "Company") is pleased to announce the appointment of Mr. Fred Leigh to the Company's Board of Directors (the "Board"), effective immediately.

Mr. Leigh has been involved in the resource sector for nearly 40 years and has served in significant roles as a founder, director and/or investor in numerous public companies. He is also the founder and President of VC7K Capital Inc., a privately held company that, for more than 35 years, has invested in early-stage opportunities across the resource sector.

In connection with Mr. Leigh's appointment, Mr. Brian Power has resigned from the Board. Mr. Power will continue to work with Athena in a consulting capacity.

"I would like to personally welcome Fred to Athena's Board. Fred has been an early backer of several of the most successful mining ventures in Canada over the past four decades. Notable examples include his role as a founding investor in the group that structured the acquisition of the Golden Bear Mine by Wheaton River Minerals, which later evolved into what is now the metal streaming giant Wheaton Precious Metals. He was an early investor in several other major mining transactions, including Hathor Exploration, which was acquired by Rio Tinto for approximately C$650 million in 2011, and Blue Pearl Mining, which acquired Thompson Creek Metals for US$575 million in 2006. He was also one of the early directors of Great Bear Resources prior to its discovery in Red Lake, which Kinross acquired for C$1.8 billion in 2022. I look forward to working closely with Fred as we advance Laird Lake and look to prove out the next major gold discovery in Red Lake," said Koby Kushner, President and CEO of Athena. "On behalf of the Board, I would also like to extend a heartfelt thank you to Brian for his hard work and dedication to the Company over the last several years, and I look forward to continuing to work with him in his new consulting role."

"There is significant value to be unlocked across Athena's portfolio. I have spent my career backing early-stage stories in proven camps, led by teams with the drive and motivation to make a new discovery, and Red Lake is as good as it gets. I am excited to join the Board and to be part of what I believe will become another Canadian mining success story," said Fred Leigh, incoming Director of Athena.

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