American Eagle Gold: A Promising Junior Explorer in BC's Golden Triangle

• American Eagle Gold (AE) has a promising copper-gold project and is fully funded to start drilling in June with over $4.5 million raised.
• Major mining company Teck invested $3 million into American Eagle Gold's project, providing a huge endorsement and vote of confidence. Teck will hold onto their shares.
• Phase 2 drilling of around 7,000 meters will test for extensions of high-grade gold and copper zones identified in phase 1, as well as explore new large-scale targets.
• Historical drilling was shallow (avg 175m) so new deeper drilling will target potential feeder zones starting around 600m depth.
• The project is located next to GT Gold's Saddle discovery, recently acquired for $400 million. American Eagle's technical team includes former GT Gold geologists who made the Saddle discovery.

About American Eagle Gold

American Eagle Gold Corp. is a Vancouver-based mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada. The company's flagship property is its 100% owned Golden Lion project located in the heart of British Columbia's prolific Golden Triangle region. With a strong technical team, strategic partner and promising drill results, American Eagle Gold is well positioned to make the next major discovery in this world-class jurisdiction.

American Eagle Gold is led by President, CEO and Director Anthony Moreau, who brings over 15 years of capital markets experience to the company. Moreau has raised significant capital for junior mining companies and has been instrumental in acquiring, developing and divesting high-quality assets. The company's technical team includes VP Exploration Charlie Greig, who was part of the team that made GT Gold's Saddle discovery which was acquired by Newmont Corp. in 2020 for C$393 million.

Interview with Anthony Moreau, CEO of American Eagle Gold

The Opportunity at Golden Lion

The Golden Lion property covers over 11,000 hectares and is located close to several major deposits in the Golden Triangle region. Historic exploration identified significant gold and copper mineralization across multiple zones, with limited drilling below 200 metres depth. American Eagle's phase 1 drill program in 2021 returned impressive intercepts including 135 metres grading 1.01 g/t gold equivalent.

The company sees excellent potential to expand the high-grade mineralized zones through deeper step-out drilling. A key target is testing for a large copper-gold porphyry system at depth, as evidenced by the geology and geophysical signatures.

Funded for Success

In April 2022, American Eagle completed a $3 million strategic investment from leading mining company Teck Resources. This provides the financial backing to execute an expanded 7,000 metre phase 2 drill program in 2022, focused on vectoring into the potential porphyry source. The company is fully funded for this program with no shareholder dilution.

Teck's investment is a strong endorsement of the Golden Lion project. As Moreau stated, "Nobody really knows up or down, up from down. There's a lot of white noise hard to identify what good projects are...You have Teck and that's their job to find next deposits."

Heading into further discovery drilling in a premier jurisdiction, American Eagle Gold represents an attractive speculation on the next major deposit in BC's Golden Triangle.

Conclusion

• Located in the heart of the Golden Triangle, close to major mines and recent discoveries
• Phase 1 drilling returned high-grade gold and copper intercepts
• Fully funded by Teck Resources to execute a 7,000m phase 2 drill program in 2022
• Strong technical team with experience in major discoveries in the region
• Underexplored at depth, open for major new porphyry discovery
• Tight share structure with Teck holding a 9.9% strategic investment

With advanced assets, strong backing, and discovery upside, American Eagle Gold offers investors exciting leverage to potential exploration success in a premier Canadian gold district.