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HIGHLIGHTS:

  * Angilak Project: The Angilak Project is host to the Lac 50 Uranium Deposit,
    which is one of the largest high-grade deposits outside of the Athabasca
    Basin, with a historical mineral resource estimate of 43.3M lbs at an
    average grade of 0.69% U(3)O(8).(1)
  * In 2023, drilling at Angilak by Latitude Uranium (acquired by ATHA)
    intersected grades of up to 7.54 % U(3)O(8) over 1.6 m.
  * The 2024 Angilak Exploration Program is part of the Company's overall 2024
    Exploration Program and consists of Phase I (diamond drilling) and Phase II
    (geophysics & ground geochemistry).
  * A -10,000 m diamond drilling program targeting expansion of uranium
    mineralization along the Lac 50 Trend, proximal to the historic deposit,
    began on June 3(rd), 2024.
  * As of the end of June, six holes have been drilled outside the historic Lac
    50 Mineral Resource footprint and successfully intersected uranium

mineralization, demonstrating the expansion potential at the Angilak Project

  * These six holes represent the beginning of the 2024 Angilak Exploration
    Program, with more than 7,000 m of ongoing drilling remaining
  * Drilling highlights:
      * All six holes successfully expanded the footprint of uranium
        mineralization at the Main Zone, Eastern Extension, and the J4 & Ray
        Zones, which represent the historic zone of mineralization at the Lac
        50 Deposit

* The six holes targeted parallel Tuff Horizons that were first identified by Latitude Uranium. At the Main Zone and the Ray Zone, shallow (Â