American Eagle Gold Corp. Secures Additional Investment from South32

Toronto, Ontario — American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF), a materials sector company specializing in gold exploration and mining services, has announced a significant development in its financial strategy. On June 5, 2025, the company revealed that a wholly owned subsidiary of South32 Limited has exercised its ’top-up right’ to maintain its 19.9% equity interest in American Eagle. This decision follows the company’s recent share issuances related to the acquisition of 100% of the NAK copper-gold project.

To facilitate South32’s continued investment, American Eagle will issue 1,156,000 charity flow-through common shares (Charity FT Shares) at a price of C$0.71 per share. This issuance will generate approximately C$820,000 in gross proceeds. South32 participated as an end buyer in the financing, purchasing the shares from the initial subscriber at a discount to the issue price, as determined by the investor rights agreement dated November 26, 2024 (the “South32 IRA”). Notably, no warrants will be issued, and no finders fees will be paid in connection with this transaction.

This strategic move underscores South32’s commitment to American Eagle’s growth and development, particularly in light of the company’s recent expansion efforts. American Eagle, listed on the TSX Venture Exchange, continues to focus on exploring and developing gold projects globally, with a market capitalization of C$84,390,000 and a close price of C$0.47 as of June 3, 2025. The company’s 52-week high was C$1.07 on November 24, 2024, and its 52-week low was C$0.38 on September 5, 2024.

American Eagle’s ongoing projects and strategic partnerships, such as the one with South32, highlight its potential for future growth in the gold exploration and mining sector. For more information, visit www.americaneaglegold.ca .