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ATHENA RESOURCES LIMITED Capital/Financing Update 2010

Jan 27, 2010

64341_rns_2010-01-27_ea729524-9003-4a4d-9f57-bad752179f6e.pdf

Capital/Financing Update

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63 Lindsay Street Perth WA 6000 p 61 8 9428 2900 f 61 8 9428 2910 e [email protected] www athenaresources.com.au ABN : 69 113 758 900

27 January 2010

Mr Graham Gates Australian Stock Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000

ATHENA RESOURCES LIMITED – NON RENOUNCEABLE RIGHTS ISSUE OPTIONS

We confirm that the Company’s Non Renounceable Rights issue announced on 9 December 2009 has closed and 28,650,465 Options were issued on 27 January 2010 to raise a total of $286,505.Quotation is sought for those options.

The issued capital of the company following the issue of the options is as follows:

Issued Capital Number
Existing Shares 57,300,974
Options exercisable at 8 cents expiring on 30 April
2012
28,650,465

Holding Statements will be despatched on Thursday 28 January 2010.

A distribution schedule and a list of the current top twenty holders of options is attached as Attachment 1.

E W Edwards Executive Chairman

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63 Lindsay Street Perth WA 6000 p 61 8 9328 8277 f 61 8 9328 5188 e [email protected] www athenaresources.com.au ABN : 69 113 758 900

ATTACHMENT 1

OPTIONHOLDER DETAILS REGISTERED AS AT 27 January 2010

ANALYSIS OF OPTIONHOLDING

OPTIONS

1 – 1,000 1,001 – 5,000 5,001 – 10,000 10,001 – 100,000 100,001 – or more

2 13 19 62 45 141

TOP TWENTY OPTIONHOLDERS

TOP TWENTY OPTIONHOLDERS
NAME AND ADDRESS OPTIONS % RANK
TIED NOMINEES PTY LTD 4,231,250 14.77 1
KELANCO PTY LTD 4,221,928 14.74 2
CORRIDOR NOMINEES PTY LTD 3,000,000 10.47 3
MR PETER JOHN NEWCOMB 2,000,000 6.98 4
MR SHANE BEATTY SADLEIR 1,180,034 4.12 5
MR DAVID BOOTHEY 1,000,000 3.49 6
TANDEM TECHNICAL CONSULTANTS PTY LTD 1,000,000 3.49 7
MR T WILLIAMSON & MS J JANCEY 800,000 2.79 8
MR ANDREW PETER THOMSON 656,250 2.29 9
INDIGO EXPLORATION SERVICES PTY LTD 656,250 2.29 10
MR GIOVANNI FRAGOMENI 500,000 1.75 11
JULIA EDWARDS SUPERANNUATION PTY LTD 500,000 1.75 12
DAEM NOMINEES PTY LTD 450,000 1.57 13
MR A & MRS G MARINKOVIC 400,000 1.40 14
MR G & MRS T WALKER 400,000 1.40 15
MR E & MRS D MATUSIK 396,130 1.38 16
MR MATHEW BURFORD 366,308 1.28 17
MANDEVILLA PTY LTD 328,125 1.15 18
LIGHTWAVE INVESTMENTS PTY LTD 300,000 1.05 19
MR JOHN ASHWORTH 300,000 1.05 20
TOP 20 TOTAL 22,686,275 79.18
REMAINDER 5,964,190 20.82
TOTAL OPTIONS ON ISSUE 28,650,465 100.00