Mr. Anthony Moreau reports

AMERICAN EAGLE ANNOUNCES RESULTS OF AGSM

American Eagle Gold Corp. has received approval for each of the matters set out in the company's management information circular dated Aug. 1, 2025, at the 2025 annual general and special meeting of shareholders (AGSM) held on Sept. 17, 2025. All resolutions were approved by shareholders, including:

• Re-electing the five directors of the company:
  • Anthony Moreau;
  • Stephen Stewart;
  • Gordon Stothart;
  • James Sykes;
  • Michael Mansfield;
• Appointment of McGovern Hurley LLP, chartered professional accountants, as auditor of the company for the ensuing year;
• Approval of the company's option incentive plan.

For more information, please see the management information circular in respect of the meeting dated Sept. 17, 2025, which includes a summary of the option incentive plan. A copy is available on the company's website and through the company's profile on SEDAR+.

Stock option grant

The company is also pleased to announce that the board of directors has approved grants totalling 4,525,000 stock options to certain directors, officers and consultants of the company, allowing for the acquisition of up to, in the aggregate, 4,525,000 shares of the company, pursuant to the company's stock option plan. Of the stock options, 3.6 million were granted to certain directors and officers of the company. The options are exercisable at 53 cents per share for five years from the date of grant, vest one year from the date of grant, and are subject to regulatory policies and approvals.

The grant of options to certain directors and officers is a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party matters as the company is listed on the TSX Venture Exchange and neither the fair market value (as determined under MI 61-101) of the subject matter of nor the fair market value of the consideration for the transaction, insofar as it involves the related parties, exceeded 25 per cent of the company's market capitalization (as determined under MI 61-101).

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 kilometres. Drilling completed by American Eagle in 2022, 2023 and 2024 returned significant intervals of high-grade copper-gold mineralization that reached beyond and much deeper than the historical drilling, indicating that zones of near-surface and deeper mineralization, locally with considerably higher grades, exist within the broader Nak property mineralizing system. Drilling is currently in progress, with approximately 14,250 metres drilled across 21 holes out of the planned 30,000-metre drill program. Three drills are actively operating, including one helicopter-supported hole, and expected to continue into December.

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.