Athena Gold Corporation (OTCPK:AHNR) acquired remaining 90% stake in Excelsior Springs Exploration Project Located in Esmeralda County, Nevada from Nubian Resources Ltd. (TSXV:NBR) for $5.4 million on December 27, 2021. Under the terms of the Share Purchase Agreement, Nubian agreed to use commercially reasonable efforts to distribute all Athena Shares that it holds to its shareholders, pro rata, subject to certain conditions, including that the distribution can be effected in accordance with applicable laws and the policies of the TSX Venture Exchange, exempt from the requirements to file a prospectus in Canada. Nubian Resources Ltd. (TSXV:NBR) is entitled to 1% Net Smelter Royalty on all production from the Excelsior Springs Property. Nubian shall be entitled to nominate one representative to serve on the Athena Board of Directors.

Athena Gold Corporation (OTCPK:AHNR) completed the acquisition of remaining 90% stake in Excelsior Springs Exploration Project Located in Esmeralda County, Nevada from Nubian Resources Ltd. (TSXV:NBR) on December 27, 2021.