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ATHENA RESOURCES LIMITED Capital/Financing Update 2021

Nov 1, 2021

64341_rns_2021-11-01_963e694c-c426-48e5-9f9e-7019b70114e1.pdf

Capital/Financing Update

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1 November 2021

The Company Announcements Office Australian Stock Exchange Limited 4 Floor, 20 Bridge Street SYDNEY, NSW 2000

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Pre re-instatement disclosures

Completion of Capital Raising

Athena confirms Capital Raising was closed on 4 August 2021 and shortfall was announced on 16 August 2021. The Entitlement Issue was fully underwritten and there was no minimum subscription.

Legal, Regulatory and Contractual obligations

Athena confirms that there are no legal, regulatory or contractual impediments to AHN undertaking the activities the subject of the commitments disclosed in the Prospectus.

Compliance with listing rules

Athena confirms it is in compliance with the listing rules and in particular listing rule 3.1

This announcement was authorised by the Board.

Yours faithfully

E W Edwards Executive Director

Athena Resources Limited

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Level 2 І 46-50 Kings Park Road І West Perth І Western Australia І 6005 PO Box 1970 І West Perth І Western Australia І 6872 Ph +61 (0)8 9307 7902 E [email protected] W athenaresources.com.au