Mr. Anthony Moreau reports

DRILLING UNDERWAY AT NAK: 2026 SEASON HAS BEGUN

Drilling is now under way at American Eagle Gold Corp.'s NAK copper-gold porphyry project in central British Columbia. Two diamond drill rigs are on site and turning, with the first holes of the 2026 campaign already in progress. A third rig is expected to be mobilized to site on or about May 25, 2026.

With more than 50,000 metres planned across the current drill season, which is expected to run through into 2027, this is the largest exploration program the company has ever undertaken. The program is fully financed from American Eagle's cash on hand and is designed to support a future maiden mineral resource estimate and subsequent economic studies.

About American Eagle Gold Corp.

American Eagle is advancing the NAK copper-gold porphyry project in British Columbia's Babine district, supported by approximately $55-million in cash and cornerstone shareholders South32, Teck, Eric Sprott and Ore Group.

QP (qualified person) statement

Mark Bradley, BSc, MSc, PGeo, a certified professional geologist and independent qualified person for the purposes of NI 43-101, has verified and approved the technical information contained in this news release.

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