American Eagle Drills One Kilometre of Copper-Gold Mineralization from Surface at NAK: 1,001 Metres of 0.46% CuEq, Including 218 Metres of 1.01% CuEq

American Eagle Gold Corp. (AE) has reported the longest mineralized interval ever drilled at its NAK project. Hole NAK26-87 returned 1,001 metres at 0.46% CuEq from 39 m to 1,040 m. This interval includes 866 m at 0.51% CuEq, 380 m at 0.81% CuEq, and 218 m at 1.01% CuEq. The hole steps out approximately 150 m northwest of NAK25-78, the previous anchor hole, which returned 802 m at 0.71% CuEq, including 375 m at 1.01% CuEq.

Three additional western holes were also reported. NAK26-84 returned 587 m at 0.21% CuEq from 71 m, including 109 m at 0.40% CuEq. NAK26-88 returned 692 m at 0.28% CuEq from 234 m, including 555 m at 0.30% CuEq. NAK26-86 returned 151 m at 0.25% CuEq from 44 m.

The South Zone footprint is now described as 700 m east-west by 600 m north-south, extending from surface to more than 800 m depth and open to the north-northwest. Only five holes of the roughly 80-hole 2026 program have been reported, with substantial assays pending.

CuEq uses US$4.50/lb Cu, US$3,375/oz Au, US$60/oz Ag and US$25/lb Mo, with 80% assumed recovery for all metals. Assays are uncapped, and true widths are not stated.

American Eagle Gold Corp. (AE) remains a pre-resource explorer, with news flow serving as the primary driver of its equity rather than production or cash flow. The market has already re-rated the stock from approximately C$0.67 prior to the high-grade South Zone results to a peak of C$1.32 in March 2026, with the share price currently hovering around C$1.21.

The embedded anchor for the project is NAK25-78, which reported 802 m at 0.71% CuEq, including 375 m at 1.01% CuEq. NAK26-87 confirms a 150 m northwestern step-out and lengthens the broad envelope, but delivers a lower composite grade and a much thinner high-grade core: 218 m versus 375 m at the same 1.01% CuEq. On total percent-metres, NAK26-87 is about 19% below the NAK25-78 anchor, recording 460.5 versus 569.4.

Decomposed, the results show a length increase of +25%, a composite grade decrease of -35%, and an unchanged high-grade core (218 m vs 375 m @ 1.01% CuEq). The successful step-out offset applies, as NAK26-87 is a real 150 m northwestern step-out that expands the South Zone footprint to approximately 700 x 600 m, confirms continuity from surface, and leaves the system open.

American Eagle Gold Corp. is a Canadian junior explorer listed on the TSXV and OTCQB. Its flagship asset is the 100%-owned NAK copper-gold porphyry project in British Columbia’s Babine Porphyry District. While NAK has road access and is near regional infrastructure, it remains pre-resource and pre-economic study. The company has no revenue and its operating cash flow is negative, which is normal for an explorer at this stage.

Prior-period context from Q1-2026 financials showed C$44.0 million in cash and C$48.6 million in total assets, though company disclosures have cited approximately C$50-C$55 million in cash at different points. Strategic shareholders include South32 at approximately 19.9% and Teck at approximately 12.9%, with Eric Sprott and Ore Group also referenced. The company recently expanded its Babine district land position, but the NAK project remains the valuation driver.