Mr. Anthony Moreau reports

AMERICAN EAGLE ADDS THIRD DRILL RIG, COMMENCES HELICOPTER-SUPPORTED PHASE OF 2025 DRILL PROGRAM

American Eagle Gold Corp. has commenced the helicopter-supported phase of its 2025 exploration program at NAK. This phase is designed to test priority geophysical-geochemical anomalies and features identified within the broad NAK mineralizing system through collaboration between American Eagle and its financing partners, South32 and Teck Resources. A third drill rig was mobilized to site in late August, and helicopter-supported drilling commenced on Sept. 4. The work will test targets well beyond the limits of the company's present drilling, but still within the broad and highly anomalous geophysical-geochemical-geological signature of the NAK mineralizing system.

Helicopter-supported drill targets

East-central target area

Two separate targets within this area were defined using: (1) remodelled geophysical data (see news release dated May 15, 2025); (2) historical drilling data from five holes drilled in the mid-1990s, including one near the eastern margin of the historically defined limit of the Babine porphyry stock; and (3) soil geochemical sampling that returned broad anomalies encompassing values of up to 1,180 parts per million copper and 0.29 gram per tonne gold.

IP Embayment zone

The IP Embayment zone will be further tested through follow-up drilling off the NAK23-09 pad location, which intersected 117 metres at 0.40 per cent copper equivalent from surface within a broader interval of 638.4 metres averaging 0.22 per cent CuEq. These copper and gold values are suggestive of the nearby presence of a larger and potentially richer mineralized system. Targeting has been refined based on additional geophysical surveys (airborne gradient magnetic surveys and deeper-looking ground induced polarization surveys), additional soil geochemical sampling and rock sampling of the limited outcrop at NAK. As with the East-central and Northwestern zones, this has given the company increased confidence in targeting. Additional pads have been constructed following this geophysical and geochemical trend to the southeast to allow for thorough testing of this area, which has seen no historical drilling.

Northwestern target area

Drilling in this zone was designed to follow up on east-northeast-trending, steeply dipping chalcopyrite-mineralized dikes identified in 2024 and 2025. The goal is to step northward to better define the orientation of mineralized features intersected in previous drilling and to locate additional mineralized structures.

Deep Southeast target

This area and target, lying approximately 2.5 kilometres southeast of the main area of drilling at NAK, may represent a separate centre of mineralization. The drilling targets several anomalous geophysical features within the bounds of the NAK mineralization system. These include a deep-seated resistivity anomaly lying within the NAK IP chargeability ring, lying along a well-defined north-northwest airborne magnetic trend that may link to the south with the neighbouring Dorothy-Duke mineralizing system, which lies another 2.5 kilometres farther to the southeast.

A few stepout holes in the East-central and Northwestern target area are planned to be accessed through exploration trail and drilled with a skid rig, freeing up additional holes for helicopter support.

2025 drill program progress

This season, the company has completed approximately 13,000 metres of drilling toward its targeted 30,000-metre goal. Only four drill hole assay results have yet to be released from an expected 40-plus-hole drill campaign. The focus to date has been on skid rig drilling at the South and North zones and locally in between and along the western margin of the Babine porphyry stock. With the helicopter-supported stepout drilling program under way, the company has begun testing farther afield, along potential extensions of the NAK property mineralization in largely untested areas. With three rigs operating and approximately 40 per cent of the planned program completed, drilling is expected to continue into December. Assay results are anticipated steadily into 2026, with new results expected shortly.

Qualified person statement

Mark Bradley, BSc, MSc, PGeo, a certified professional geologist, a 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.

About American Eagle Gold Corp.

American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada. The company benefits from over $36-million in cash, bolstered by two strategic investors formed in the past two years with Teck Resources and South32. With substantial financial and technical resources, American Eagle Gold is well positioned to drill, derisk and define the full potential of the NAK copper-gold porphyry project.

We seek Safe Harbor.