Mr. John Plourde reports

PACIFIC BOOKER MINERALS INC. ACKNOWLEDGES RECEIPT OF HOSTILE OFFER

Pacific Booker Minerals Inc. acknowledges the filing of a takeover bid circular by American Eagle Gold Corp. pursuant to which American Eagle has commenced an unsolicited all-share takeover bid to acquire all of the issued and outstanding common shares of Pacific Booker.

Shareholders do not need to take any action

The company advises shareholders to take no action at this time. The company anticipates filing a directors' circular on or about April 29, 2026, which will include the board's formal recommendation to shareholders in respect of the hostile bid.

The board of directors of the company has formed a special committee of independent directors to advise the board in relation to the hostile bid. The special committee and board note, as a preliminary matter, that the consideration offered by American Eagle of 1.41 common shares of American Eagle (with an implied value of approximately $1.59 based on the closing price of American Eagle's shares on the TSX Venture Exchange on April 24, 2026) per common share of Pacific Booker (which closed at $2.90 per common share on April 24, 2026) represents more than a 45-per-cent discount, appearing to be highly opportunistic in light of the company's high quality assets.

New director

In addition to the above, the company is pleased to announce that Jonathan McCullough has been appointed as a director of the company, subject to acceptance by the TSX Venture Exchange.

Mr. McCullough practiced corporate and securities law for over 35 years, with a focus on mergers and acquisitions. He was a founding partner of McCullough O'Connor Irwin LLP and a partner at Bennett Jones LLP until his retirement in 2025.

Advisers

The company has engaged RCI Capital Group Inc. as its financial adviser and Laurel Hill Advisory Group as its strategic adviser and information agent in respect of the hostile bid. Shareholders who have questions about the hostile bid may contact Laurel Hill Advisory Group at 1-877-452-7184 or by e-mail at assistance@laurelhill.com.

We seek Safe Harbor.