American Eagle Gold Corp Initiates Major Drill Program at NAK Project

Toronto, Ontario — American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) has announced the commencement of a significant 30,000-metre drill program at its NAK copper-gold porphyry project in British Columbia. This fully funded initiative marks a pivotal step in the company’s exploration strategy, aiming to expand its resource base and enhance its market position.

The drill program, which began on May 22, 2025, is designed to build on the company’s previous successes and leverage a comprehensive interpretive model developed during an intensive offseason initiative. This model was refined through relogging core samples, constructing detailed drill sections and level plans, and integrating advanced 3D geophysical interpretations. The collaborative effort included insights from South32’s technical team and input from renowned porphyry experts Dr. Alan Wilson and Dr. Steve Garwin.

Key Objectives of the 2025 Drill Program

The primary goals of the 2025 drill program are multifaceted:

• Expand High-Grade, Near-Surface Copper-Gold: Focus on the southern region of the Main Zone to enhance the resource’s quality and accessibility.
• Identify New High-Grade Copper Mineralization: Target the northern part of the Main Zone and explore deeper areas to uncover additional mineralization.
• Drill Newly Identified Targets: Utilize large step-outs in previously untested areas on the property to maximize exploration potential.

This strategic approach underscores American Eagle’s commitment to optimizing its exploration efforts and capitalizing on the promising geological features of the NAK project.

Market Context and Outlook

As of May 19, 2025, American Eagle Gold Corp. closed at a price of 0.47 CAD on the TSX Venture Exchange, with a market capitalization of 81,580,000 CAD. The company’s stock has experienced fluctuations over the past year, reaching a 52-week high of 1.07 CAD on November 24, 2024, and a low of 0.38 CAD on September 5, 2024.

The initiation of the 30,000-metre drill program is a significant development for American Eagle, potentially influencing investor sentiment and market dynamics. The company’s proactive exploration strategy and collaboration with industry experts position it well to achieve its objectives and drive future growth.

For more information, stakeholders and interested parties can visit American Eagle Gold Corp.’s website at www.americaneaglegold.ca or follow updates on the TSX Venture Exchange.