THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES WHITE ROCK, BRITISH COLUMBIA / ACCESS Newswire / December 19, 2025 / Athena Gold Corporation (CSE:ATHA)(OTCQB:AHNRF) ("Athena Gold" or the "Company") is pleased to announce that, further to its news releases of November 17, November 24, December 9, and December 15, 2025, the Company has closed the third and final tranche of its private placement financing (the "Offering") and has received proceeds of CDN $502,002.98 through the issuance of 7,142,900 flow-through units (the "FT Units") at CDN $0.07 per FT Unit and 33,333 non-flow-through units (the "NFT Units") at CDN $0.06 per NFT Unit. A total of CDN $3,500,028.99 was raised in the Offering, of which CDN $2,727,526.03 was raised in the first tranche, CDN $270,499.98 in the second tranche and CDN $502,002.98 in the third tranche.