American Eagle Identifies New Mineralized Zone; Intersects 911 m of 0.3% CuEq from Surface

On December 1, 2025, American Eagle Gold announced the discovery of a new mineralized zone within the Babine Porphyry Stock at its NAK project in British Columbia. The headline drill result was from hole NAK25-53, which intersected 911.82 metres of 0.30% Copper Equivalent (CuEq) starting from 39.5 metres (effectively from surface).

Other significant intercepts reported from this new zone include: - NAK25-56: 759 m of 0.23% CuEq from 29 m. - NAK25-60: 504 m of 0.29% CuEq from 38.6 m. - NAK25-58: 453 m of 0.22% CuEq from 275 m.

The company noted that this new zone remains open for expansion to the east, northeast, and southeast. The 2025 drill program, planned for 30,000 metres, has completed 27,000 metres across 40 holes, with assays for 29 of those holes still pending. Results from holes in the previously established South zone are expected within two weeks.

This news is materially positive. The discovery and confirmation of a new, large, near-surface mineralized zone significantly enhances the scale of the NAK project. While the grades (0.22% - 0.30% CuEq) are typical for a bulk-tonnage porphyry system and lower than the high-grade South Zone intercepts announced in October (e.g., 77m of 1.78% CuEq), the key takeaway is the sheer size of the intercept in NAK25-53 (911 metres from surface). This demonstrates the potential for a massive, open-pittable resource, which is exactly what a major mining company would look for in a porphyry system.

Reviewing the historical news provides critical context: - Program Start (Q2 2025): The company began its largest-ever drill program (30,000m), fully funded with over $37M in cash, following a major strategic investment from South32 in late 2024. The stated goal was to expand known zones and test new targets. - South Zone Expansion (July/Oct 2025): Drilling successfully expanded the high-grade, near-surface South Zone, culminating in the October 7 release of NAK25-48 which hit 77 m of 1.78% CuEq within a broader 813 m interval of 0.41% CuEq. This established the potential for a high-grade starter pit. - North Zone (Sept 2025): Results from the North Zone also showed good near-surface grades (73 m of 0.9% CuEq). - New Discovery (Dec 2025): The latest news validates the exploration strategy of testing new targets. Discovering an entirely new zone, the Babine Porphyry Stock, over a kilometre away from some previous drilling, confirms that the mineralizing system is vast and still not fully understood.

This news successfully delivers on the company's promise to drill new targets and expand the project's overall footprint. It complements the higher-grade South Zone results by adding significant tonnage potential. The fact that 29 holes are still at the lab represents a massive, data-rich catalyst pipeline for the coming months. This result should be viewed favorably by the market and strategic partners South32 and Teck.

American Eagle Gold Corp. is a Canadian mineral exploration company focused on its flagship NAK Copper-Gold Porphyry Project in central British Columbia. The NAK project is a large-scale (over 1.5 km by 1.5 km) mineralized system with characteristics of a bulk-tonnage deposit. The company's exploration strategy since 2022 has been to expand the known mineralization and test for higher-grade zones at depth and along strike. The 2025 program has been particularly successful, defining a high-grade, near-surface South Zone and now discovering a new, large mineralized zone in the Babine Porphyry Stock.