American Eagle Reports Breakthrough Drilling at NAK, Encountering Continuous Mineralization over Previously Untested 1.7 km Trend, Including 901 m of 0.43% CuEq from Surface

The most recent news (Feb 25, 2026) reports a fundamental shift in the understanding of the NAK Project. Drilling has encountered continuous copper-gold mineralization within the Babine porphyry stock, an area previously interpreted as barren. Key intercept NAK25-70 returned 901m of 0.43% CuEq from surface, including a higher-grade core of 521m of 0.58% CuEq. This discovery effectively quadruples the prospective footprint of the project, now defining a mineralized system over 1.7 km (E-W) by 1.5 km (N-S). The system remains open in all directions and at depth.

This news is Material - Positive. It validates the aggressive 30,000m drill program and the geological reinterpretation supported by strategic partners South32 and Teck. - Scale Expansion: Moving from localized "zones" (North/South) to a district-scale continuous system significantly increases the tonnage potential for a bulk-mining scenario. - Grade Consistency: Intercepting ~0.4% to 0.6% CuEq over nearly a kilometer from surface is highly competitive for a Canadian porphyry project, especially given the proximity to infrastructure. - De-risking: The confirmation of mineralization within the stock itself removes a major "hole" in the previous resource model, suggesting a much larger, cohesive orebody than previously envisioned.

American Eagle Gold Corp. is focused on its 100%-owned NAK copper-gold porphyry project in the Babine Copper-Gold Porphyry District of central British Columbia. The project is characterized by its large scale, near-surface mineralization, and excellent infrastructure (all-season roads, proximity to rail and power).