Atha Energy Corp. announced that the Company has completed its equipment and supply mobilization to its 100%-owned Angilak Project in Nunavut. The mobilization is in support of the 2024 Exploration Program at the Angilak Project, which is anticipated to begin in early June with Phase I diamond drilling and includes an annual fuel supply, drilling, and logging materials, two centrifuges, and most significantly ?

two X10 diamond drills. The X10 diamond drill, manufactured by Tactex Industries, from Parksville, BC, is the most versatile and efficient diamond drill available for helicopter supported exploration programs. The two new X10?s are anticipated to nearly double daily meterage production compared to previous drilling on the Angilak Project, significantly decreasing exploration costs. Angilak Project ?

Nunavut: Angilak Project, situated within the Angikuni Basin approximately 225 km southwest of Baker Lake in the Kivalliq Region of Nunavut (Figure 1). The Angilak Project is host to the Lac 50 Uranium Deposit, which has a historical mineral resource estimate of 43.3MM lbs at an average grade of 0.69% U3O8. The 2024 Angilak exploration program will consist of diamond drilling, airborne geophysical surveys, and surficial sampling and mapping programs, prioritized to expand the footprint of known uranium mineralization, while also advancing regional exploration targets.

Approximately 10,000 m of diamond drilling is planned to be completed during the June to August time frame. Drill targeting will focus on the Lac 50 Deposit and mineralized corridor, targeting expansion of the deposit footprint both along strike and down-dip, as well as testing parallel structures which may host uranium mineralization. Diamond drilling will also test additional regional targets that have been identified through past exploration campaigns ?

the most recent of which was completed in 2023 by Latitude Uranium (?Latitude?) (acquired by ATHA). During Latitude?s most recent exploration program completed in the fall of 2023, the company reported uranium drill hole intersections with grades of up to 7.54 % U3O8 over 1.6 m from hole 23-LC-005, which targeted the Lac 50 Deposit.