Mr. Anthony Moreau reports

AMERICAN EAGLE GOLD TERMINATES TAKE-OVER BID FOR PACIFIC BOOKER MINERALS

American Eagle Gold Corp. has terminated its takeover bid for Pacific Booker Minerals Inc., effective immediately, in accordance with the terms and conditions of the offer and accompanying takeover bid circular of American Eagle dated April 14, 2026. Accordingly, no Pacific Booker shares will be taken up under the offer and the Pacific Booker shares that have been deposited under the offer will be promptly returned to Pacific Booker shareholders.

American Eagle remains focused on executing its recently commenced 55,000-metre drill program at its 100-per-cent-owned Nak project, with the objective of adding scale, identifying additional high-grade zones, further derisking the project and advancing it toward development.

American Eagle thanks the Lake Babine Nation for its support of the proposed acquisition of Pacific Booker and for the constructive relationship built in the region. The company also wishes Pacific Booker shareholders success going forward.

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 $55-million in its treasury, bolstered by four key shareholders, including major mining companies South32 and Teck Resources Ltd. and large strategic investors Eric Sprott and Ore Group. 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.

Qualified person statement

Mark Bradley, BSc, MSc, PGeo, a certified professional geologist and independent 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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