Mr. Warren Gilman reports

QUEEN'S ROAD CAPITAL ANNOUNCES INVESTMENT IN ATHA ENERGY CORP.

Queen's Road Capital Investment Ltd. has entered into an agreement with Atha Energy Corp., whereby the company will invest $20-million (U.S.) in Atha Energy by way of convertible debenture. The convertible debenture will have a five-year term, carry a coupon of 12 per cent and will be convertible into Atha Energy common shares at a share price of 85 Canadian cents.

Atha Energy is a uranium mineral exploration company with a strategically balanced portfolio, including three 100-per-cent-owned postdiscovery uranium projects (the Angilak uranium project, located in Nunavut, the CMB discoveries, located in Labrador, and the newly discovered basement-hosted GMZ high-grade uranium discovery, located in the Athabasca basin) and the largest cumulative prospective exploration land package (more than seven million acres) in two of the world's most prominent basins for uranium discoveries. Atha Energy also holds a 10-per-cent carried interest in key Athabasca basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd.

Warren Gilman, chairman and chief executive officer of the company, commented: "Queen's Road Capital is thrilled to support the next phase of development at the Angilak uranium project in Nunavut following the 2025 discovery of the mineralized RIB corridor, with intercepts including 8.16 per cent U3O8 over 0.5 metres and 4.81 per cent U3O8 over 1.1 metres. The Angikuni basin, which Atha Energy owns in its entirely, is returning some of the best uranium intercepts in Canada outside the Athabasca basin in Saskatchewan. This investment complements our other high-quality uranium investments, NexGen Energy and IsoEnergy."

Completion of the investment is subject to receipt of all required regulatory approvals, including the TSX Venture Exchange, and is expected to occur by the end of the month.

Queen's Road Capital is a dividend-paying, leading financier to the global resource sector. The company is a resource-focused investment company, making investments in privately held and publicly traded companies. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in advanced development or production located in politically safe jurisdictions.

We seek Safe Harbor.