Athena Silver announces commencement of additional metallurgical testing and update on scheduled completion of NI 43-101 technical report

Boulder, Colorado, Jan. 5th, 2012 --- Athena Silver Corporation (OTC.QB: AHNR) announced today it has commenced additional preliminary metallurgical testing to further evaluate potential methods of recovering silver from the composite samples developed from its 2011 drilling program at its flagship Langtry project near the historic Calico Mining District in San Bernardino County, California. According to John Power, President of Athena, “We plan to complete and release our NI 43-101 technical report in the second quarter of 2012 after these new metallurgical tests have been completed.