Mr. Anthony Moreau reports

AMERICAN EAGLE: LIVE WEBINAR WITH NAK GEOLOGISTS CHARLIE GREIG AND NEIL PROWSE ON 2024'S DRILL PROGRAM

American Eagle Gold Corp. will provide details of its 2024 exploration drill program during a live Zoom meeting hosted by chief executive officer Anthony Moreau, along with project geologist Neil Prowse and geologic adviser Charlie Greig, on Thursday, April 25, at 12 p.m. EST.

Mr. Greig and Mr. Prowse will detail American Eagle's drill plans, hole locations and geological insights from their off-season work. Please register on-line.

Details of NAK's 2024 drill program

Planning for the 2024 drill campaign is nearly complete. It will integrate the company's growing understanding of the relationship between the emplacement of multiphase Eocene dikes and sills with reactive and permeable host rocks to form the extensive NAK mineralized system. The company is developing models for geology, mineralization, alteration and structure for the system, which will form the basis for its continuing planning. The expanded 2024 drill program, currently planned for 15,000 metres, will aim to link, better define and expand upon the historical North and South zones, which the company showed in its 2022 and 2023 drill programs to extend to considerable depths (close to 950 m below surface) along a strike length of 750 m and across a width of 400 m. Intercepts from 2023 include 900 m of 0.50 per cent copper equivalent from surface in the North zone and 302 metres of 1.09 per cent within 606 m of 0.74 per cent copper equivalent starting from 98 metres down hole in the South zone.

About American Eagle's NAK project

The NAK project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological and geochemical work at NAK, which began in the 1960s, tested only to shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over 1.5 kilometres by 1.5 km. Drilling completed in 2022 and 2023 by American Eagle has returned significant intervals of high-grade copper-gold mineralization that lie beyond the extent of historical drilling, indicating that several zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader NAK property mineralizing system.

About American Eagle Gold Corp.

American Eagle is focused on exploring its NAK copper-gold porphyry project in west-central British Columbia, Canada.

Qualified person statement

Mark Bradley, BSc, MSc, PGeo, a certified professional geologist and qualified person for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release.

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