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, with hole NAK26-87 returning 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) is a pre-resource explorer, meaning news flow drives the equity rather than production or cash flow. The market previously re-rated the stock from approximately C$0.67 before the high-grade South Zone results to a peak of C$1.32 in March 2026; it is currently trading around C$1.21.

The embedded anchor for valuation is NAK25-78’s 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 it 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: 460.5 versus 569.4.

For an explorer priced on repeated high-grade South Zone results, this represents a grade-diluted expansion rather than a clear positive surprise. The zone still appears continuous and open, but the results have not cleared the bar the market already paid for.

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 cash and C$48.6 million total assets; company disclosures cite approximately C$50-C$55 million cash at different points. Strategic shareholders include South32 at approximately 19.9% and Teck at approximately 12.9%; Eric Sprott and Ore Group are also referenced. The company recently expanded its Babine district land position, but the NAK project remains the valuation driver.