Kelowna, British Columbia, July 25, 2022 – Atha Energy Corp. (the “Company”) is pleased to announce that it has entered into an agreement to acquire an option over the Golden Rose Gold Property in Ontario.
Golden Rose Gold Property Option Agreement
Pursuant to a Property Option Agreement dated July 19, 2022 between the Company and Conquest Resources Limited (“Conquest”), the Company has secured the sole and exclusive right and option (the “Option”) to acquire up to a 100% undivided interest in certain mineral leases, known as the Golden Rose Gold Property, located in the Sudbury Mining District, Ontario. To fully exercise the Option, the Company must pay Conquest an aggregate of $1,000,000 and issue Conquest an aggregate of 1,500,000 Common Shares over a period of 36 months. The Company has also agreed to grant Conquest a 1.0% net smelter return on the Golden Rose Project.
About Atha Energy Corp.
The Company was incorporated under the Business Corporations Act (British Columbia) on January 14, 2021 under the name “Inglenook Ventures Ltd.”. On May 30, 2022, the Company changed its name to “Atha Energy Corp”.
ON BEHALF OF THE BOARD OF DIRECTORS:
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this news release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and
the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes the forwardlooking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ATHA ENERGY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ATHA ENERGY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.