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Athena Gold Appoints Farid Mammadov as Vice President, Investor Relations

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Athena Gold (CSE: ATHA, OTCQB: AHNRF) has appointed Farid Mammadov, CPIR, as Vice President, Investor Relations, effective immediately. Mammadov brings over five years of junior mining investor relations, marketing and communications experience, and previously held the same role at New Age Metals.

According to Athena Gold, Mammadov holds a CPIR designation from CIRI and a B.A. in Business Law with a minor in Economics from Carleton University. The company reiterates its focus on exploring and advancing its Laird Lake and Forester projects in Ontario and the Excelsior Springs project in Nevada, which is under an earn-in option with Mammoth Minerals.

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Toronto, Ontario--(Newsfile Corp. - August 6, 2026) - Athena Gold Corporation (CSE: ATHA) (OTCQB: AHNRF) ("Athena" or the "Company") is pleased to announce the appointment of Mr. Farid Mammadov, CPIR, as Vice President, Investor Relations of the Company, effective immediately. Mr. Mammadov is a seasoned mining investor relations, marketing and communications professional, with over five years of experience in the junior mining sector. Farid Mammadov previously served as Vice President, Investor Relations at New Age Metals Inc. He holds the Certified Professional Investor Relations (CPIR) designation from the Canadian Investor Relations Institute (CIRI) and a B.A. in Business Law and a minor in Economics from Carleton University.

"We welcome Farid to the Athena team. Investor relations is an area that deserves more focus given the important catalysts we've been working towards over the last several months, and I look forward to working with Farid to better communicate these milestones to shareholders in due course" said Koby Kushner, CEO of Athena.

"I am excited to be joining Athena at an important time for the Company. I look forward to working with the team and bringing my experience in investor relations and capital markets to support clear, consistent communications with shareholders and the broader investment community. My goal is to help strengthen and contribute to the Company's long-term growth" said Farid Mammadov, Vice President, Investor Relations.

About Athena Gold Corporation

Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena's Laird Lake project is situated in the Red Lake Gold District of Ontario, covering more than 7,000 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold's Madsen mine and 34 km northwest of Kinross Gold's Great Bear project. Also in northwestern Ontario is Athena's Forester project, an 8,840-hectare land package located less than 30 km southeast of Equinox Gold's Musselwhite Gold Mine, with historical drill intercepts showing strong potential for both high-grade, narrow-vein and low-grade, bulk-tonnage gold mineralization. Meanwhile, Athena's Excelsior Springs project is located in the prolific Walker Lane Trend in Nevada, where it is currently under an earn-in option with Mammoth Minerals Limited (formerly Firetail Resources Limited). The Excelsior Springs project spans more than 2,500 hectares and includes at least three historic mines. For further information about Athena Gold Corporation, please visit www.athenagoldcorp.com.

On Behalf of the Board of Directors
Koby Kushner
President and Chief Executive Officer, Athena Gold Corporation

For further information, please contact:

Athena Gold Corporation
Koby Kushner, President and Chief Executive Officer
Phone: 416-846-6164
Email: kobykushner@athenagoldcorp.com

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities laws. All statements, other than statements of historical facts, included herein, including, without limitation, statements regarding future exploration plans, future results from exploration, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: "believes", "will", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", ''potential", "scheduled", or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this press release, the Company has applied several material assumptions, including without limitation, that there will be investor interest in future financings, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration and development of the Company's projects in a timely manner.

The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this press release or incorporated by reference herein, except as otherwise stated.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308322

FAQ

Who is the new Vice President, Investor Relations at Athena Gold (OTCQB: AHNRF)?

Athena Gold appointed Farid Mammadov, CPIR, as Vice President, Investor Relations, effective immediately. According to Athena Gold, he brings over five years of junior mining investor relations, marketing and communications experience and previously served as Vice President, Investor Relations at New Age Metals.

What is Farid Mammadov’s background before joining Athena Gold (CSE: ATHA)?

Farid Mammadov previously served as Vice President, Investor Relations at New Age Metals. According to Athena Gold, he holds the CPIR designation from CIRI plus a B.A. in Business Law and a minor in Economics from Carleton University, focused on capital markets communication.

What is Athena Gold’s main business focus as of August 2026 (AHNRF)?

Athena Gold focuses on mineral exploration and acquiring mineral property assets in North America. According to Athena Gold, its objective is to locate and develop economic precious and base metal properties and continue exploration drilling and studies on projects like Laird Lake, Forester and Excelsior Springs.

What are the key details of Athena Gold’s Laird Lake project in Ontario (ATHA)?

The Laird Lake project covers over 7,000 hectares in the Red Lake Gold District. According to Athena Gold, it spans more than 10 km of the Balmer-Confederation contact, with recent surface sampling returning up to 373 g/t Au in this road-accessible, underexplored area.

Where are Athena Gold’s Forester and Excelsior Springs projects located (AHNRF)?

The Forester project is an 8,840-hectare land package in northwestern Ontario, under 30 km from the Musselwhite Gold Mine. According to Athena Gold, Excelsior Springs lies in Nevada’s Walker Lane Trend and is currently under an earn-in option with Mammoth Minerals, covering over 2,500 hectares.