Athena Silver Provides Update on Langtry Project

Athena Silver Provides Update on Langtry Project

BOULDER, Colo., March 19, 2013 (GLOBE NEWSWIRE) -- Athena Silver Corporation
(OTCBB:AHNR) is pleased to announce its completion of February 2013
obligations to the Strachan Trust with a payment of $125,000 and the issuance
of 1,000,000 shares as required under the recently amended Lease/Option.
Details of the transaction were described in the company's 8-K and November
29, 2012 press release. The Lease/Option amendment substantially reduces
future lease and royalty obligations to the Strachan Trust for Langtry and
calls for other payments to Strachan that will allow Athena to fully
capitalize on the opportunity to reduce lease and royalty obligations on
Langtry.

Athena also announced an update on its metallurgical work program at METCON
Research in Tucson, Arizona. The bulk samples collected for the new tests were
below the cut-off grade as the project resource is currently envisioned but a
bottle roll test on the low-grade ore still yielded a silver recovery of
approximately 45% after 96 hours of agitated leach with relatively low
consumption of cyanide.

"We plan to do further analytical work using cuttings from our 2010/2011
confirmation drilling that will give us better control of the average head
grade being tested and conduct more bottle roll tests at various head grades.
One of our objectives is to investigate further the optimum level of crushing
required to maximize our silver recovery," said John Power, President of
Athena Silver Corporation.

CALICO MINING DISTRICT UPDATE

The Calico District continues to carry a lot of interest with major
exploration firms aggressively exploring on adjacent claims:

Adjacent to Athena claims to the Southeast, Pan American Silver Corporation
(Nasdaq:PAAS) continues to advance its Waterloo silver project in the Calico
District, which Pan American has stated contains a large historical mineral
resource estimate in excess of 100 million ounces of silver. Pan American has
also indicated that it recently finished a Phase II drill program and is
waiting for final assay results but so far it looks very similar, maybe
slightly higher than the old drilling that was been done in the '60s by
Asarco. According to Pan American, they are budgeting approximately $3.6
million in 2013 on its confirmation drilling program, further metallurgical
studies and a scoping study with a goal of publishing an updated mineral
resource in 2013.

Athena's Langtry project together with Pan American's Waterloo project are
classified together as a "single significant deposit" by the United States
Geological Survey which maintains a database of significant domestic resources
for precious metals.

Adjacent to Athena claims to the Southwest, Calico Exploration LLC filed over
500 lode claims in 2012 with the BLM covering over 10,000 acres. Calico
Exploration LLC is controlled by a private investor that is considered to have
the largest and most diversified portfolio of precious metals exploration
projects in the world.

About Athena Silver Corporation:

Athena Silver Corporation is a junior exploration company focused on the
exploration and development of its flagship Langtry silver project in
California.

Langtry Silver Project, San Bernardino County, California

The Langtry silver project consists of 862 acres including 20 patented claims
comprising 413.22 acres in the Calico Mining District of San Bernardino
County, California. Athena entered into a 20-year mining lease with an option
to purchase the Langtry patented Claims effective March 15, 2010 and amended
on November 28, 2012. The Lease/Purchase agreement is subject to continuing
financial and work commitments on the claims and other royalties more fully
described in the company's filings available on the SEC's website at
www.sec.gov.

There were over 200 holes drilled in the project area by the minerals division
of Superior Oil Company in the late 1960s and 1970s. Average depth was 400
feet and the deepest hole was 575 feet. Our resource database includes 135 of
the Superior holes together with the 13 holes drilled by Athena in 2011. An NI
43-101 technical report was published on May 3, 2012 on the Langtry project
with an Indicated Resource of 18,809,000 Ounces of Silver and Inferred
Resource of 42,623,000 Ounces of Silver.

Lava Beds District Prospect, San Bernardino County, California

Athena also has fee simple ownership of a 661.37 acre property near the Lava
Beds Mining District and has evidence of historic mining. It is adjacent to
both the "Silver Cliffs" and "Silver Bell" historic mines. The property is
located in the same regional geologic area known as the "Western Mojave Block"
that includes our flagship Langtry project. It is approximately 28.5 miles SE
of our Langtry project.

Cautionary Statement

The terms "mineral reserve", "proven mineral reserve" and "probable mineral
reserve" are Canadian mining terms as defined in accordance with Canadian
National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI
43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the
"CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves ,
adopted by the CIM Council, as amended. These definitions differ from the
definitions in the United States Securities and Exchange Commission ("SEC")
Industry Guide 7 under the United States Securities Act of 1933, as amended
(the "Securities Act"). Under SEC Industry Guide 7 standards, a "final" or
"bankable" feasibility study is required to report reserves, the three-year
historical average price is used in any reserve or cash flow analysis to
designate reserves and the primary environmental analysis or report must be
filed with the appropriate governmental authority.

In addition, the terms "mineral resource", "measured mineral resource",
"indicated mineral resource" and "inferred mineral resource" are defined in
and required to be disclosed by NI 43-101; however, these terms are not
defined terms under SEC Industry Guide 7 and are normally not permitted to be
used in reports and registration statements filed with the SEC. Investors are
cautioned not to assume that all or any part of a mineral deposit in these
categories will ever be converted into reserves. "Inferred mineral resources"
have a great amount of uncertainty as to their existence, and great
uncertainty as to their economic and legal feasibility. It cannot be assumed
that all or any part of an inferred mineral resource will ever be upgraded to
a higher category. Under Canadian rules, estimates of inferred mineral
resources may not form the basis of feasibility or pre-feasibility studies,
except in rare cases. Investors are cautioned not to assume that all or any
part of an inferred mineral resource exists or is economically or legally
mineable. Disclosure of "contained ounces" in a resource is permitted
disclosure under Canadian regulations; however, the SEC normally only permits
issuers to report mineralization that does not constitute "reserves" by SEC
Industry Guide 7 standards as in place tonnage and grade without reference to
unit measures.

For more information, please visit the Company's website at
www.athenasilver.com.

This release contains "forward-looking statements". Such statements are based
on good faith assumptions that Athena Silver Corporation believes are
reasonable but which are subject to a wide range of uncertainties and business
risks that could cause actual results to differ materially from future results
expressed, projected or implied by such forward-looking statements. Factors
that could cause actual results to differ from those anticipated are discussed
in Athena Silver Corporation's periodic filings with the Securities and
Exchange Commission.

CONTACT: John Power
         President, Athena Silver Corporation
         707-884-3766
 
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