American Eagle Expands NAK Drill Program; Grant of Stock Options
American Eagle Expands NAK Drill Program; Grant of Stock Options
Toronto, Ontario – October 17, 2022 – American Eagle Gold Corp. (AE: TSXV) ("American Eagle" or the
"Company") is pleased to announce that it is expanding its current drill program by approximately 2,500
metres in three additional drill holes. This expansion will be financed by its recent option agreement,
announced on October 13, 2022.
The Company also announces a grant of stock options to directors, officers, employees, and consultants,
allowing for the acquisition of up to 4,025,000 shares of the Company. These options will vest in 12 months
and are exercisable at CAD $0. 10 for five years from the date of grant and are subject to regulatory
policies.
The Company would also like to announce that David Shaddrick has resigned as a director of the
Company. American Eagle would like to thank David for his nearly two years of contribution.
About American Eagle Gold Corp.
American Eagle trades under the symbol AE on the TSX Venture Exchange and is focused on exploring its
NAK project in the Babine Copper-Gold Porphyry district of west-central British Columbia. American Eagle
has contracted C.J. Greig and Associates Ltd. to execute the Company's exploration program at NAK.
Geologist and President of C.J Greig & Associates, Charlie Greig, who is a Geologic Advisor to the Company,
is a recipient of 'PDAC's 2022 Bill Dennis Award, which recognized the significant 2018 discovery of the
Saddle North Copper-Gold porphyry system that he and his team made at 'GTGold's Tatogga property in
northwest B.C.
About the NAK Project
NAK lies in the Babine Copper-Gold porphyry district of west-central British Columbia (click here to view).
It is defined by a compelling geophysical signature that has similarities to classic porphyry systems (e.g.,
close association of airborne magnetic highs with IP chargeability highs) and to nearby Babine district
deposits (Bell, Granisle, Morrison) as well a s other B.C. systems, such as Newcrest's Red Chris Mine and
Newmont's Saddle North deposits.
Anthony Moreau, Chief Executive Officer
Phone: 416.644.1567
Email: [email protected]
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 rele ase. 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 whether the Company will be able
to exercise its option to acquire the Project as anticipated and whether the Company's exploration efforts
on the Pro ject produce the results that are anticipated by management . 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 b y American Eagle Gold Corp. with Canadian
securities regulators, which filings are available under American Eagle Gold Corp. profile at
www.sedar.com.