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HIGHLIGHTS The 2026 Angilak Exploration Program, is fully funded with the February closing of CAD $63 Million financing, making ATHA one of the best capitalized uranium exploration Companies globally; ATHA completed mobilization to Angilak in late April - including the arrival of a third diamond drill rig - and commenced diamond drilling operations on May 1st, 2026; The 2026 Angilak Exploration Program is focused on expansion and discovery of uranium mineralization across the three mineralized corridors (Figure 2), building upon the highly successful 2024 and 2025 campaigns; Over the two previous programs, ATHA has had unparalleled success, intersecting uranium mineralization in 100% of targets tested. During the 2025 campaign - focused on testing regional targets outside of the Lac 50 Deposit Exploration Target3 area, within the Angikuni Basin - the Company made five new regional discoveries, including the Mineralized RIB Corridor with four new showings; 2026 Angilak Exploration Program will be the largest to date at the Angilak Uranium Project, with two primary components: 1.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / April 30, 2026 / ATHA Energy Corp. ("ATHA" or the "Company") (TSXV:SASK)(OTCQB:SASKF)(FRA:X5U) announces that it has filed its annual audited financial statements ("Financial Statements"), management's discussion and analysis ("MD&A") and annual information form ("AIF") for the year ended December 31, 2025. Copies of the Financial Statements, MD&A and AIF are available on the Company's SEDAR+ profile at www.sedarplus.ca.

HIGHLIGHTS Ongoing site mobilization commenced in mid-March - including fuel, supplies, & equipment inclusive of delivery of a third diamond drill, supplied by Base Diamond Drilling Ltd. - in support of the 2026 Exploration Program at the Angilak Uranium Project; Mobilization is being completed via ATR planes (Photo 1 & 2) departing from Yellowknife, Northwest Territories, and Baker Lake and Rankin Inlet, Nunavut, and landing on Angilak's Winter landing strip; The 2026 Angilak Exploration Program, and beyond, is fully funded with the February closing of CAD $63 Million financing, making ATHA one of the best capitalized uranium exploration Companies globally; 2026 Angilak Exploration Program will be the largest to date on the project, following up on the highly successful 2024 & 2025 campaigns: 2024 maiden campaign focused on expansion of the mineralizing footprint along the Lac 50 Deposit Corridor, culminating in the release of 2024 Exploration Target3; 2025 Program focused on testing the regional prospectivity within the Angikuni Basin along the Mineralized RIB & KU-Nine Iron Corridors, outside of the Lac 50 Deposit area, resulting in the discovery of five new uranium showings - including RIB North, where the maiden hole intersected 34.7 m of composite uranium mineralization1 with grades up to 8.16% U3O8 over 0.5 m; The Company anticipates exploration activities, including diamond drilling, to commence by the latter part of April.
