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ATHENA RESOURCES LIMITED Share Issue/Capital Change 2012

May 6, 2012

64341_rns_2012-05-06_823d768c-6b6b-4ea5-897c-83891b7dc001.pdf

Share Issue/Capital Change

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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

7 May 2012

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

ATHENA RESOURCES LIMITED – EXERCISE OF OPTIONS EXPIRING 30 APRIL 2012

We confirm that since the Appendix 3B lodged on 19 April 2012, 4,440,996 Options exercisable at 8 cents expiring on 30 April 2012 were exercised and 4,440,996 shares were issued on 7 May 2012. The options exercised raised $355,280. Quotation is sought for those shares.

These options exercised bring to a total of 10,202,246 the number of options exercised since 20 December 2011. The amount raised totaled $816,180.

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

Issued Capital Number
Shares 122,519,392

Holding Statements were despatched on Monday 7 May 2012.

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

E W Edwards Managing Director

Attachment 1

ANALYSIS OF SHAREHOLDING – 7 May 2012

SHARES

1 – 1,000
1,001 – 5,000
5,001 – 10,000
10,001 – 100,000
100,001 – or more
Total on issue
19
54
93
366
167
699
122,519,392

122,519,392

TOP TWENTY SHAREHOLDERS 7 May 2012

TOP TWENTY SHAREHOLDERS 7 May 2012
NAME AND ADDRESS SHARES % RANK
Tied Nominees Pty Ltd (T P Edwards Superfund A/c) 14,641,790 11.95 1
Ishine International Resources Limited 8,300,000 6.77 2
Kelanco Pty Ltd 7,504,352 6.13 3
Mr Andrew Peter Thomson 4,432,500 3.62 4
Mr Peter John Newcomb 3,623,750 2.96 5
Mr Paul McMillen 3,311,000 2.70 6
Corridor Nominees Pty Ltd 3,103,375 2.53 7
Mr Terence Weston 2,611,000 2.13 8
Julia Edwards Superannuation Pty Ltd 2,220,000 1.81 9
Orient Global Holdings Pty Ltd 2,217,500 1.81 10
Befavo Pty Ltd (H G Shore Super Fund) 2,120,659 1.73 11
Tandem Technical Consultants Pty Ltd 1,750,000 1.43 12
Indigo Exploration Services Pty Ltd 1,443,750 1.18 13
Mr Andrew John Puklowski 1,338,890 1.09 14
Mr David Webster 1,250,626 1.02 15
Mr James Goodwin 1,250,000 1.02 16
Orpheo Pty Ltd (The Eric Lucas A/c) 1,250,000 1.02 17
Citicorp Nominees Pty Ltd 1,102,529 0.90 18
Mr David Boothey 1,000,000 0.82 19
Tetramin Pty Ltd 1,000,000 0.82 20
TOP 20 TOTAL 65,471,721 53.44