Athena Gold acquires 100% of Excelsior Springs gold project; pays 50M shares plus 1% NSR royalty

ATHENA GOLD CORP

Acquired remaining 90% of Excelsior Springs in Esmeralda County, Nevada via purchase of Nubian US subsidiary.
Consideration: 50M restricted Athena common shares (including 5M previously issued) and a 1% net smelter returns royalty.
Nubian holds ~41.7% of Athena (pro forma 119.9M shares outstanding); plans S-1 distribution to its shareholders.
Nubian gets board nomination right and voting agreement to support Athena Board recommendations for 12 months.
Athena plans aggressive 2022 exploration program at the Property; finalizing drill targets.

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