ATHA ENERGY DISCOVERS high-PRIORITY ELECTROMAGNETIC TINCIDENT with 11.3% U3O8 - analysis of the boulder train ice direction show they are likely derived from a source coincident with the Snowbird Tectonic Zone, on the Crest Project. Greenfield Exploration: Pro-forma land position of 7.1 million acres across some of the highest-grade uranium districts in the world provide ATHA with a robust pipeline of early-stage projects that are currently undergoing geophysical and geochemical analysis. Greenfield EXPLORATION program.

The completed surveys at the North Beacon and North Crest Projects are part of the Company's maiden 2023 greenfield exploration program, which comprises a total of seventeen EM surveys being conducted across ATHA's current 3.8-million-acre exploration portfolio in the Athabasca Basin. To date, full results have been received and processed from seven of seventeen project areas, resulting in over 377 km of conductive lineaments and the definition of 28 prospective targets that have now been identified across the North Rim, East Rim, and Cable Bay exploration districts. The North Beacon Project is comprised of 16 mineral claims, totaling 78,435 hectares, positioned in the structural wedge created by the ENE trending Grease River Shear Zone and the northeast trending Snowbird Tectonic Zone.

Historic exploration drilling completed in 1967 on the eastern extent of the North Beacon Project intersected anomalous uranium within boulders in the overburden. Unfortunately, drilling did not progress deep enough - approximately 200 m in the North to approximately 800 m in the south - to intersect the unconformity. Notably, Cameco's Centennial Deposit is an off-conductor deposit of 60MM lbs hanging wall from the conductive corridor of the Snowbird Tectonic zone and is located 172 km south of North Crest Project.

In 2008, exploration on the North Crest Project included four diamond drill holes targeting the southeast margin of the Snowbird Tectonics Zone, in an area similar to the Centennial discovery hole. The upper 100-300 meters of drilling intersected anomalous geochemistry and prospective alteration associated with brittle and brecciated structures that is often indicative of proximal uranium mineralization. Historical Mineral Resource Estimates.

All mineral resources estimates presented in this news release are considered to be "historical estimates" as defined under NI 43-101, and have been derived from the following. In each instance, the historical estimate is reported using the categories of mineral resources and mineral reserves as defined by the CIM Definition Standards for Mineral Reserves, and mineral reserves at that time, and these "historical estimates" are not considered by any of the Partie's to be current. In each instance, the reliability of the historical estimate is considered reasonable, but a Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource, and none of ATHA, Latitude or 92E are treating the historical estimate as a current Mineral Resource Estimate for the Angilak Deposit: This estimate is considered to be a "historical estimate" under NI 43-101 and is not considered by any of to be current.

A 0.2% U3O8 cut-off was used.