AE.V · 2025-09-25 12:00:00

American Eagle Intersects 73 m of 0.9% CuEq within 277 m of 0.4% CuEq from Surface at NAK North Zone; Provides Step-Out Update

Drill Results

American Eagle Intersects 73 m of 0.9% CuEq

within 277 m of 0.4% CuEq from Surface at

NAK North Zone; Provides Step-Out Update

Highlights:

For the first time, high-grade mineralization has been intersected at surface in the North

Zone with NAK25-47, returning:

73 m of 0.89% CuEq, within

277 m of 0.40% CuEq from Surface

In NAK25-59, testing a completely new area within the Porphyry Stock, American Eagle

has intersected strong visually identified mineralization from surface in a broad step-out

hole; assays pending on this hole

20+ scheduled drill holes remaining with results of the next set of assays expected

imminently

Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - American Eagle Gold Corp. (TSXV: AE)

("American Eagle" or the "Company") is pleased to report a recent discovery of 73 metres of 0.89%

Copper Equivalent ("CuEq") within 277 metres of 0.4% CuEq from surface (beginning 12 metres

downhole) in NAK25-47, located in the North Zone at the NAK Copper-Gold Project in British Columbia.

This discovery confirms that high-grade copper-gold mineralization extends directly to surface and aligns

with the broader porphyry system, emphasizing the project's scale and continuity. Drilling is underway

with three drill rigs, with current plans to follow up on the North Zone results.

View North Zone Results in Plan View

View New Porphyry Stock Zone

Mineralization in a Brand-New Zone within the Babine Porphyry Stock

The Company has intercepted a broad zone of visually identified mineralized material near surface

within the central part of the Porphyry Stock in hole 25-59, collared ~1.2 km east of American Eagle's

northerly trending Main Zone, and ~1 km north of 22-09, the only hole the Company had drilled outside of

the main trend. This new zone occurs in an area with limited shallow drilling, with little or no outcrop, and

was targeted using geophysical data.

Hole 25-59 encountered copper mineralization, beginning at surface, associated with magnetite-biotite

altered host rocks throughout, a strong indication of a potentially significant system. In response, the

Company has reoriented its helicopter-supported program to prioritize immediate follow-up. Hole 25-64,

now underway, is testing south across a magnetic high (

view here

) that appears linked to mineralization

in hole 25-59.

This discovery has the potential to materially expand the mineralized footprint at NAK and

represents an exciting new target area that could shape the Company's ongoing exploration strategy.

"Identifying and expanding near-surface mineralization has been a key focus of the 2025 program.

American Eagle had focused on expanding known mineralization in the South Zone, then transitioned to

find new near-surface mineralization in the North Zone. Recently, the Company added a third drill rig to

drill promising areas within the underexplored Babine porphyry stock. Current drilling within the stock, in

an area more than a kilometre away from American Eagle's closest drill hole, strongly suggests the

potential for an exciting new discovery, again with visual mineralization near surface. Beyond the

Company's near term, near surface priorities, drilling continues to validate our thesis of a large, well-

connected porphyry system at NAK," said Anthony Moreau, CEO of American Eagle Gold.

North Zone Significance

With 73 metres of 0.89% CuEq within 277 metres of 0.4% CuEq from surface, hole NAK25-47

demonstrated that higher grade mineralization does come to surface in the north zone, identifying

another high priority area of interest on the property.

Drill holes NAK25-43, -45, and -47, like other holes drilled in the north near the end of the 2024 season,

intersected broad intervals of consistent, moderate grade mineralization.

Mineralization is hosted in part

within easterly-dipping sedimentary rocks, within hornblende biotite feldspar porphyritic rocks likely

correlative with the historical Babine porphyry stock, and, where the best grade occurs in these drill

holes, both within and closely associated with still younger porphyritic monzonite to quartz monzonite

dikes characterized in large part by a seriate texture (feldspar phenocrysts occurring throughout with a

broad range of grain sized).

Together, the North Zone holes drilled this year were successful in expanding greatly the footprint of

mineralization farther to the north.

Most notably, this included a broad intercept of newly encountered

chalcopyrite mineralized hornblende-bearing dioritic intrusive rocks at depth in NAK25-45, beyond the

northwest limits of the Company's drilling. This intercept is suggestive of good potential to further expand

mineralization in this direction.

In addition, the long intercept of consistent grade in NAK25-47 that is

hosted by rocks correlative with those of the Babine porphyry stock is also suggestive of further potential

to the northeast.

With these observations in mind, the Company is looking forward to completing its initially planned skid-

access holes in the north, along with relatively nearby planned helicopter-access holes to better model

the geometries of the well-mineralized causative intrusions and to more successfully target them.

View 2025 Drilling at NAK to Date

View Core Photos for NAK25-43, -45, -47

NAK25-47 Assay Results (Table 1) and Details*

Hole

From (m)

To (m)

Length (m)

Cu %

Au g/t

Ag g/t

Mo ppm

CuEq %

NAK25-47

196

269

0.59

0.23

8.3

0.89

Within

NAK25-47

188

289

101

0.49

0.19

6.3

0.74

Within

NAK25-47

289

277

0.29

0.08

2.6

0.40

Within

NAK25-47

764

752

0.17

0.06

1.3

0.25

Cross Section, NAK25-47

NAK25-47

was drilled as part of a northeast oriented fence, 150 m northeast along that fence from

NAK24-35 and approximately 100m southwest of the collar location of NAK25-43/-45, designed to

better constrain the orientation of the strongly bornite-mineralized seriate texture monzonite to quartz

monzonite dike intersected in NAK24-35.

The drill hole collared in (hornblende) biotite-plagioclase

feldspar porphyry consistent in appearance with rocks of the historical Babine porphyry stock, hosting a

number of narrow bornite-mineralized dikes of somewhat variable textures and compositions.

Also, in

this upper part of the hole were several relatively thick, cm- to dcm-scale, quartz-carbonate veins and

vein-breccias hosting abundant coarse masses of chalcopyrite. Farther down hole, between a depth of

approximately 200 and 350m, the thicker sulphide-bearing veins, locally hosting massive to semi-

massive sulphide, may carry abundant bornite as well as chalcopyrite. The seriate dikes in that interval

also correspond with the better-grade mineralization occurring as disseminated sulphides, although the

mineralization is not distributed uniformly across the breadth of the dikes. Farther down the hole, dikes of

a similar texture and composition do not carry abundant disseminated sulphides, with mineralization

largely hosted within fractures and stringer veins cutting the host rocks of the Babine porphyry stock.

Most of the grade in the drill hole below 350 m is carried by veining. The host rocks at depth are

crowded hornblende biotite plagioclase feldspar porphyry of the Babine stock, cut by or varying

gradationally into several varieties of porphyritic rocks of generally similar composition, mineralogy and

texture. The veining ranges down hole from anhydrite veins hosting chalcopyrite and bornite down to

local thicker quartz carbonate veins containing bornite and chalcopyrite, to sparse vein-hosted fine

aggregates of bornite, chalcocite and molybdenite, to narrow fine sooty pyrite>chalcopyrite stringer

veins. Disseminated sulphides are typically restricted to the immediate vicinity of the veins. Near the end

of the drill hole, mineralization is sparse and pyrite dominant, although local cm-scale quartz-iron

carbonate veins hosting blocky coarse aggregates of specularite, hematite, and chalcopyrite, may occur.

NAK25-45 Assay Results (Table 2) and Details

Hole

From (m)

To (m)

Length (m)

Cu %

Au g/t

Ag g/t

Mo ppm

CuEq %

NAK25-45

752

881

129

0.21

0.10

0.8

0.30

Within

NAK25-45

881

877

0.11

0.03

0.5

0.16

Cross Section, NAK25-45

NAK25-45

was collared farther north than any hole drilled to date by the Company.

It was drilled to the

northwest, in part to test up-dip of the hypothesized orientation of well-mineralized seriate texture dikes

encountered late in the 2024 drill program. Near the collar, the hole intersected intrusive rocks similar to

those of the historical Babine porphyry stock, followed by conglomerate and sandstone typical of the

largely sedimentary host rocks at Nak. Mineralization was generally subdued but consistent from top of

hole, with locally better grades associated with dikes of a variety of compositions, including late

monzonite and quartz monzonite dikes. One of these dikes was a previously unrecognized variety, a

moderately well-mineralized hornblende plagioclase porphyritic intrusion intersected at the bottom of the

hole and spanning an interval of approximately 200m. It hosts chalcopyrite and trace bornite in veins,

veinlets, on fractures, and locally as disseminations, and although at a substantial depth, it is indicative of

both the extent of the Nak mineralizing system and the potential which remains within it.

NAK25-43 Assay Results (Table 3) and Details

Hole

From (m)

To (m)

Length (m)

Cu %

Au g/t

Ag g/t

Mo ppm

CuEq %

NAK25-43

813

808

0.11

0.04

0.5

0.17

Cross Section, NAK25-43

NAK25-43,

collared from the same location as NAK25-45, was drilled to the southwest and was

designed to test the modeled orientations of disseminated bornite-bearing monzonite and quartz

monzonite dikes.

As was the case with NAK25-45, the rocks encountered in the drill hole were

consistent with the geological model, ranging from hornblende biotite crowded feldspar porphyry of the

historical Babine porphyry stock at the top of the hole, through fine-grained sedimentary rocks,

conglomerate, and underlying sandstones and siltstones. As was also the case with NAK25-45,

mineralization was lower grade but broadly consistent, comprising local disseminated chalcopyrite and

veins containing common massive chalcopyrite and trace bornite. Again, better grade mineralization

shows a general association with a variety of dikes, but only two metres of the expected strongly bornite-

mineralized quartz monzonite was intersected. Furthermore, NAK25-43 did not encounter the same

mineralized hornblende plagioclase porphyry intrusion intersected at the bottom of hole -45, which

suggests that further targeting of this newly recognized intrusion might best be toward the north and east.

Collar details for holes drilled in the 2022, 2023 and 2024 drill program (table 6):

Hole

UTM_Grid

UTM_East

UTM_North

Azimuth

Dip

News Release

NAK22-01

NAD83_Z9

675281

6129359

n/a

-90

881

07-Nov-22

NAK22-02

NAD83_Z9

675281

6129359

340

-70

984

05-Dec-22

NAK22-03

NAD83_Z9

675201

6129658

n/a

-90

941

25-Jan-23

NAK22-04

NAD83_Z9

675181

6129862

n/a

-90

548

25-Jan-23

NAK22-05

NAD83_Z9

675105

6130067

n/a

-90

824

02-Mar-23

NAK22-06

NAD83_Z9

675376

6129782

260

-77

920

02-Mar-23

NAK22-07

NAD83_Z9

675181

6129862

170

-81

874

02-Mar-23

NAK23-08

NAD83_Z9

675341

6129341

270

-60

881

09-Aug-23

NAK23-09

NAD83_Z9

675990

6129284

-65

837

14-Sep-23

NAK23-10

NAD83_Z9

675357

6129415

270

-60

855

19-Sep-23

NAK23-11

NAD83_Z9

675215

6129340

270

-60

836

19-Sep-23

NAK23-12

NAD83_Z9

674999

6129846

-70

929

12-Oct-23

NAK23-13

NAD83_Z9

675205

6129773

270

-60

620

08-Jan-24

NAK23-14

NAD83_Z9

675260

6129934

260

-70

749

08-Jan-24

NAK23-15

NAD83_Z9

675211

6129232

270

-60

617

08-Jan-24

NAK23-16

NAD83_Z9

675166

6129479

265

-65

743

08-Jan-24

NAK23-17

NAD83_Z9

674969

6129377

105

-73

810

08-Jan-24

NAK24-18

NAD83_Z9

674961

6129472

-77

914

20-Aug-24

NAK24-19

NAD83_Z9

675219

6129388

120

-55

951

20-Aug-24

NAK24-20

NAD83_Z9

674946

6129573

-72

933

20-Aug-24

NAK24-21

NAD83_Z9

675264

6129415

n/a

-90

419

20-Aug-24

NAK23-22

NAD83_Z9

674927

6129673

-71

943

21-Oct-24

NAK24-23

NAD83_Z9

675264

6129415

340

-70

526

20-Aug-24

NAK24-24

NAD83_Z9

675264

6129415

340

-55

950

21-Oct-24

NAK24-25

NAD83_Z9

674930

6129766

-74

923

21-Oct-24

NAK24-26

NAD83_Z9

675264

6129415

300

-60

586

21-Oct-24

NAK24-27

NAD83_Z9

674898

6129857

-70

977

03-Dec-24

NAK24-28

NAD83_Z9

675357

6129415

115

-55

632

21-Oct-24

NAK24-29

NAD83_Z9

675063

6129485

-70

599

03-Dec-24

NAK24-30

NAD83_Z9

675021

6129939

-72

899

03-Dec-24

NAK24-31

NAD83_Z9

675063

6129352

-78

494

14-Jan-25

NAK24-32

NAD83_Z9

675049

6129581

-70

605

18-Dec-24

NAK24-33

NAD83_Z9

675044

6130018

-70

962

18-Dec-24

NAK24-34

NAD83_Z9

675031

6129671

-70

669

18-Dec-24

NAK24-35

NAD83_Z9

675105

6130067

-65

922

14-Jan-25

NAK24-36

NAD83_Z9

675509

6129440

115

-55

641

14-Jan-25

NAK24-37

NAD83_Z9

675105

6130067

-55

842

14-Jan-25

NAK24-38

NAD83_Z9

675181

6129862

-55

890

14-Jan-25

NAK25-39

NAD83_Z9

675063

6129352

270

-60

656

23-Jul-25

NAK25-40

NAD83_Z9

675298

6129237

-55

422

23-Jul-25

NAK25-41

NAD83_Z9

675298

6129237

270

-60

722

23-Jul-25

NAK25-42

NAD83_Z9

675162

6129340

-65

515

23-Jul-25

NAK25-43

NAD83_Z9

675303

6130227

250

-60

854

This Release

NAK25-44

NAD83_Z9

675455

6129297

210

-60

815

Pending

NAK25-45

NAD83_Z9

675303

6130227

300

-60

911

This Release

NAK25-46

NAD83_Z9

675455

6129297

260

-60

876

Pending

NAK25-47

NAD83_Z9

675207

6130137

-60

764

This Release

NAK25-48

NAD83_Z9

675509

6129440

210

-60

860

Pending

NAK25-49

NAD83_Z9

675290

6129139

270

-60

467

Pending

NAK25-50

NAD83_Z9

675297

6129153

225

-60

564

Pending

NAK25-51

NAD83_Z9

675506

6129443

260

-55

368

Pending

NAK25-52

NAD83_Z9

675298

6129157

-80

854

Pending

NAK25-53

NAD83_Z9

675419

6129891

275

-80

951

Pending

NAK25-54

NAD83_Z9

675112

6129214

265

-55

381

Pending

NAK25-55

NAD83_Z9

675620

6129124

280

-75

884

Pending

NAK25-56

NAD83_Z9

675377

6129711

265

-55

788

Pending

NAK25-57

NAD83_Z9

675620

6129124

265

-45

990

Pending

NAK25-58

NAD83_Z9

675375

6129727

340

-60

740

Pending

NAK25-59

NAD83_Z9

676274

6130143

270

-55

697

Pending

NAK25-60

NAD83_Z9

675322

6129502

270

-60

578

Pending

NAK25-61

NAD83_Z9

676633

6129767

270

-55

454

Pending

NAK25-62

NAD83_Z9

675558

6129258

270

-75

TBD

In Progress

NAK25-63

NAD83_Z9

675697

6129810

265

-80

TBD

In Progress

NAK25-64

NAD83_Z9

676274

6130143

185

-55

TBD

In Progress

QA/QC and Sampling Protocol

Sampling at NAK follows a rigorous methodology and internal QA/QC protocol. Drill core is halved on

site, and samples are submitted to ALS Geochemistry in Langley, British Columbia for preparation and

analysis. ALS is accredited to the ISO/IEC 17025 standard for assays. All analytical methods include

quality control standards inserted at set frequencies. The entire sample interval is crushed and

homogenized, and 250 g of the homogenized sample is pulped. All samples were analyzed for gold,

silver, copper, molybdenum and a suite of 45 other major and trace elements. Analysis for gold is by fire

assay fusion followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) on 30 g

of pulp. Analysis for silver, copper, and molybdenum and all other major and trace elements are analyzed

by four-acid digestion followed by Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

Internal QA/QC protocols dictate that individual core samples are no less than 70 cm and no greater than

3 m in length. To control standard, blank, and duplicate sample frequency, and to better constrain

pass/fail re-analysis intervals, samples are submitted to the lab in 50 sample batches. Within each 50-

sample batch, there is one gold-copper standard and two coarse reject duplicates, inserted at regular

intervals, and two blank samples, inserted sequentially following well-mineralized samples where

possible, for a total of 10% QA/QC samples. All gold and copper standard analyses from the 2024

program passed within 2 standard deviations of expected values. Where duplicate values differed

significantly, the lower values from the resulting re-analyses were used.

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 1960's, tested only to

shallow depths. Still, the work revealed a very large near-surface copper-gold system that measures over

1.5 km x 1.5 km. 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 over 16,500 metres drilled across 26 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.

For the latest videos from American Eagle, Ore Group, and all things mining, subscribe to our YouTube

Channel:

youtube.com/@theoregroup

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, de-risk, and define the full potential

of the NAK Copper-Gold porphyry project.

Anthony Moreau, Chief Executive Officer

416.644.1567

[email protected]

www.americaneaglegold.ca

Q.P. Statement

Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and '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.

Forward-Looking Statements

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

statements in this press release include, but are not limited to: including statements relating to the use of

proceeds of the Offering, the tax treatment of the Charity FT Shares, the receipt of all necessary

regulatory approvals in connection with the Offering, the 2025 drill program or its anticipated results at

the Company's NAK project, the ability of the Company to make the Qualifying Expenditures as

anticipated by management, and other matters ancillary or incidental to the foregoing. This information is

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

predict. Therefore, actual results might differ materially from those suggested in 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.sedarplus.ca

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

the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this

release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/267938

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