Athena Gold Corporation · CSE:ATHA

Athena Gold — Investor Presentation (May 2023)

17 slides from Athena Gold's investor presentation, May 16, 2023

  1. Slide 1: New High-Grade Gold Discovery in the Walker Lane

    © 2021 Athena Gold. All rights reserved. 1 CSE: ATHA | OTCQB : AHNR New High - Grade Gold Discovery in the Walker Lane M AY 2023 : AHNR : ATHA

  2. Slide 2: Disclaimer

    © 2021 Athena Gold. All rights reserved. CSE: ATHA | OTCQB : AHNR 2 DISCLAIMER This presentation of Athena Gold Corporation (the "Company") is for information only and shall not constitute an invitation or o ffer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or i

  3. Slide 3: Qualified Person and Cautionary Note to United States Investors

    © 2021 Athena Gold. All rights reserved. CSE: ATHA | OTCQB : AHNR 3 QUALIFIED PERSON Don Strachan, CPG, is a Qualified Person as defined by National Instrument 43 - 101 Standards of Disclosure for Mineral Projects ("NI 43 - 101"), has approved the scientific and technical information concerning the

  4. Slide 4: Why Athena Gold?

    © 2021 Athena Gold. All rights reserved. CSE: ATHA | OTCQB : AHNR 4 Geochemical signatures and mineralization indicate adjacent or nearby intrusion - related gold deposits, per Dr. Richard Sillitoe and others. WHY ATHENA GOLD ? Expanding a shallow, high - grade, oxide gold discovery in Nevada. A lar

  5. Slide 5: Excelsior Springs is a new discovery in Nevada's Walker Lane trend

    5 Excelsior Springs is a new discovery in Nevada's famous Walker Lane trend where a gold rush is under way. Feb 2022 Centerra Acquires Goldfield Project ~ US$206M Mar 2022 Kinross – Strategic investment in Eastside Project. Sep 2020 Jun 2022 Augusta Gold Acquires Bullfrog Mine ~ $ 52 M (100% basis),

  6. Slide 6: Each operator has advanced the project and drilled extensions of gold mineralization

    © 2021 Athena Gold. All rights reserved. CSE: ATHA | OTCQB : AHNR 6 EACH OPERATOR HAS ADVANCED THE PROJECT AND DRILLED EXTENSIONS OF GOLD MINERALIZATION . Unverified, historic production of 19,200 oz Au (18,000 tons at 1.2 oz Au/ton (37.3g Au/T) Efforts to re - timber shafts and attempts at small sc

  7. Slide 7: Significant Grades and Thicknesses in Historic Drill Holes

    7 OTCQB : AHNR CSE: ATHA | OTCQB : AHNR © 2021 Athena Gold. All rights reserved. 7 SIGNIFICANT GRADES AND THICKNESSES IN HISTORIC DRILL HOLES The Excelsior Springs Project was acquired based on these significant thick, high - grades at shallow - depths; strong exploration potential; and a data base

  8. Slide 8: Excelsior Springs: Athena's Flagship Project

    © 2021 Athena Gold. All rights reserved. CSE: ATHA | OTCQB : AHNR 8 Land Position Two patented claims and 200 unpatented mining claims on U.S. BLM lands (4,000 acres or 1,619 ha). New Drill Targets A relatively shallow IP anomaly. Larger and deeper geophysical surveys are planned. DH GE14 has 80 fee

  9. Slide 9: Western Slope Discovery Key Intercepts

    9 Western Slope Discovery Key Intercepts 1 Hole Az Dip Au Ag Au G/T Cu Pb Zn ID From To Thick From To Thick 0 0 G/T G/T x Feet % % % Ft M Spring 2022 DB-23 140 250 110 42.7 76.2 33.5 180 50 5.15 8.9 567 0.03 0.27 0.27 400 121.9 Incl. 140 195 55 42.7 59.4 16.8 10.03 17.3 0.08 0.81 0.79 Incl. 140 175

  10. Slide 10: Western Slope Discovery

    © 2021 Athena Gold. All rights reserved. CSE: ATHA | OTCQB : AHNR 1 0 WESTERN SLOPE DISCOVERY The Western Slope has the 3 thickest, high - grade mineral intervals on the Project. As the deepest hole was only drilled to 120m, potential at greater depth is good. The nearest holes to the west along str

  11. Slide 11: Western Slope Cross Section

    11 WESTERN SLOPE Cross Section Hole Ft Au g/t DB-23 110 5.2 Incl. 55 10.0 Incl. 35 15.4 22-01 90 6.0 Incl. 35 10.2 22-01 45 5.0 22-02 50 4.5 Incl. 30 7.3 22-02 25 1.2 GE-08 40 3.3 Key Intercepts

  12. Slide 12: Athena's Inflection Point: 2023 Spring Drilling

    12 ATHENA’S INFLECTION POINT 2023 SPRING DRILLING • The high - grade intercepts in the three discovery holes support taking bigger step - outs of new holes, initially along strike and later down dip. • The indicated azimuth of the strike is 80 degrees east and 260 degrees west. The Western Slope cro

  13. Slide 13: Field Analytics and Metallurgy

    1 3 OTCQB : AHNR CSE: ATHA | OTCQB : AHNR © 2021 Athena Gold. All rights reserved. 1 3 An XRF hand - held analytical device was tested on drill cuttings in the field and laboratory and rapidly measured significant base metals that strongly correlate with certified gold and silver assays. As a result

  14. Slide 14: Management & Directors

    © 2021 Athena Gold. All rights reserved. 1 4 CSE: ATHA | OTCQB : AHNR Past President of Redwood Microcap Fund, Inc.(1985 - 2005). Increased shareholder value by 6X under his stewardship. President of Athena Gold since 2010 - Managed Langtry Silver project and developed NI 43 - 101 compliant resource

  15. Slide 15: Strategic Advisors

    © 2021 Athena Gold. All rights reserved. 1 5 CSE: ATHA | OTCQB : AHNR A seasoned Professional Mining Engineer, developer, operator and senior executive with 59 years experience, including : CEO of Bullfrog Gold Corp ( 2011 - 2020 ) . Drove the 2015 acquisition of Barrick Gold’s lands and developed 5

  16. Slide 16: Capital Structure

    1 6 OTCQB : AHNR CSE: ATHA | OTCQB : AHNR © 2021 Athena Gold. All rights reserved. 1 6 CAPITAL STRUCTURE Millions May 1, 2023 150.6 Issued Shares 30.0 Float 40.0 Warrants 5.0 Options and RSU’s 190.6 Fully Diluted Common Shares US $7.5M Market Capitalization US $0.05 Current Price $0.05 - $0.21 52 -

  17. Slide 17: Athena Gold Corporation contact

    Athena Gold Corporation 2010 - A Harbison Dr., PMB #312, Vacaville, CA USA 95687 For more information: John Power Athena CEO T: +1 (707) 291 6198 E: johnpower@athenagoldcorp.com CSE: ATHA | OTCQB : AHNR

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