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American Eagle Begins Trading on TSX Venture Under the Symbol 'AE'

Listings & Exchange

American Eagle Begins Trading on TSX

Venture Under the Symbol 'AE'

TORONTO

,

May 3, 2021

/CNW/ - American Eagle Gold Corp. (TSXV: AE) ("

American Eagle

" or

the "

Company

") is pleased to announce that effective today,

May 3, 2021

, it has begun trading its

common shares under the symbol 'AE' on the TSX Venture Exchange. For more information on

American Eagle please see our Investor Presentation and Introductory webinar featuring CEO

Anthony Moreau

:

American Eagle Gold Investor Presentation

American Eagle Gold Webinar

American Eagle is a Nevada-focused exploration company whose flagship asset is the Golden Trend

Project, immediately adjacent to

Nevada Gold Mine's

(Barrick and Newmont JV) Goldrush deposit

within the Cortez Trend. American Eagle is exploring for large Carlin-style type deposits within the

same geologic environment as the adjacent Goldrush and

Cortez Mines

.

Anthony Moreau

, CEO of American Eagle, stated the following: "Golden Trend is underexplored

given its prime location, attached to Newmont and Barrick's operations. American Eagle has a clear

plan in place to move the project quickly forward towards a drill program."

American Eagle is part of the Ore Group of companies and is led by a strong technical and

corporate team who collectively own 44% of American Eagle's shares. The Company has a tight

share structure and enough cash to fund the first phase of its exploration program.

About American Eagle Gold Corp.:

American Eagle Gold is focused on exploring its flagship property, Golden Trend. The property is

located on the Cortez Trend, next door to

Barrick Gold

and Newmont Mining's Gold Rush and Cortez

Mine, which host significant gold resources

[and reserves]

. The Company plans to drill and advance

its relatively unexplored property and continue to focus on acquiring and advancing gold projects in

the area.

For information and updates on American Eagle Gold, please visit:

www.americaneaglegold.ca

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

TSX Venture Exchange policies) accepts responsibility for the adequacy or accuracy of this release.

Certain information in this press release may contain forward-looking statements. Forward-looking

statements in this press release include, but are not limited to, statements regarding the listing of the

Company's Common Shares on the TSX Venture Exchange and the anticipated timing thereof, the

planned work program on the Golden Trend project and the timing of the program milestones. This

information is based on current expectations that are subject to significant risks and uncertainties

that are difficult to predict. Actual results might differ materially from results suggested in any

forward-looking statements. American Eagle Gold Corp. assumes no obligation to update the

forward-looking statements, or to update the reasons why actual results could differ from those

reflected in the forward looking-statements unless and until required by securities laws applicable to

American Eagle Gold Corp. Additional information identifying risks and uncertainties is contained in

filings by American Eagle Gold Corp. with Canadian securities regulators, which filings are available

under American Eagle Gold Corp. profile at

www.sedar.com

.

SOURCE

American Eagle Gold Corporation

View original content:

http://www.newswire.ca/en/releases/archive/May2021/03/c3097.html

%SEDAR: 00051688E

For further information:

To Speak to the Company directly, please contact: Anthony Moreau,

Chief Executive Officer, Phone: 416.644.1567, Email: [email protected]

CO: American Eagle Gold Corporation

CNW 06:00e 03-MAY-21