January 17, 2023
ATHA Energy Corp. Announces amendment to subscription receipt agreement and meeting cancellation

Vancouver, British Columbia, January 17, 2023 – Atha Energy Corp. (the “Company”) is pleased to announce that it has amended (the “Amendment”) the terms of its previously issued subscription receipts (the “Subscription Receipts”). Pursuant to an amending agreement dated January 17, 2023 between the Company and Odyssey Trust Company, as subscription receipt agent, the outside date for the satisfaction of the Escrow Release Condition (as defined in the subscription receipt agreement governing the Subscription Receipts(the “Subscription Receipt Agreement”)) has been amended from January 31, 2023 to March 31, 2023. In accordance with the terms of the Subscription Receipt Agreement, the Amendment was approved by written instrument of registered holders of Subscription Receipts representing not less 662/3% of the total number of Subscription Receipts outstanding.

The Company also announces that the extraordinary meeting of holders of Subscription Receipts originally scheduled to take place on January 20, 2023 has now been cancelled.

About Atha Energy Corp.

ATHA Energy Corp. is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. The Company has an option to acquire a 100% interest and title to the Golden Rose Property located in the Northeastern Ontario and has signed an agreement to acquire significant acreage in Saskatchewan and Alberta.


Mike Castanho

Email: mike@axiscapital.ca
Phone: 778-839-6579

This news release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.