American Eagle Grants Options To Buy 410,000 Shares

 American Eagle Gold Corp. (TSXV: AE) (" American Eagle " or the " Company ") continues to advance its British Columbia copper-gold porphyry project NAK. Charlie Greig who led the discovery of GT Gold's Saddle copper-gold deposit,  is advising and executing American Eagle's exploration program at NAK. The Company is fully funded for NAK's 2022 exploration program and is awaiting its permit to begin drilling.

The planned drill program on NAK consists of 8 diamond drill holes totaling 4,500m targeting the newly identified geophysical feature within a well-understood copper-gold porphyry province. NAK's known copper-gold porphyry mineralization is open at depth, and the compelling deep geophysical signature is analogous to Newcrest's Red Chris Mine and Newmont's Tatogga project in northwest BC.

American Eagle Gold Corp. ( TSXV: AE ) (" American Eagle " or the " Company ") has completed its inaugural scout drill program located at its Golden Gate property, within the Cortez Trend and adjacent to Barrick's Goldrush mine. Drilling focused on the Northern Cortez (GG21-001) and Southern Cortez targets (GG21-002), located in the footwall of the Cortez Fault zone, 10km southeast of Barrick's Cortez Hills mine and 5km southwest of Barrick's Goldrush mine

While no significant gold mineralization was encountered, the Company is encouraged by having identified deep alteration analogous to Barrick Gold's Goldrush, Fourmile, and Cortez Hills projects next door. The drill core from GG21-001 was geologically logged in detail and photographed and sampled for gold and multi-element geochemical analysis. Drilling at hole GG21-002 was challenging due to difficult drilling conditions and supply chain issues. Despite the technical problems, the target concept for GG21-002 remains valid and requires full drill testing. Therefore, GG21-002 will be re-entered and deepened upon sourcing a reverse circulation rig to test for lower plate rocks and mineralization.

American Eagle Gold Corp. (TSXV: AE) (" American Eagle " or the " Company ") is pleased to announce that it is continuing to advance its British Columbia copper-gold Porphyry project, NAK. The Company is fully funded for NAK's 2022 exploration program and is awaiting its permit to begin drilling. American Eagle has contracted C.J. Greig and Associates to advise and execute the Company's exploration program at NAK. Geologist and president of C.J Greig & Associates, Charlie Greig is a recipient of the prestigious 2022 Bill Dennis Award, recognizing his contribution to the prospecting and exploration industry or a significant mineral discovery.

 American Eagle Gold Corp. (TSXV: AE) (" American Eagle " or the " Company ") is pleased to announce that it has received final approval from the TSX Venture Exchange (the " Exchange ") and has closed on the acquisition of an option to acquire a 100% interest in the NAK property (" Project ") in the Babine Copper-Gold Porphyry district in central British Columbia . American Eagle also announces that it has closed on a $1,510 ,774 Flow-Through Financing.

NAK Acquisition

American Eagle Gold Corp. (TSXV: AE) (" American Eagle " or the " Company ") would like to announce that it intends to complete a non-brokered private placement (the "Offering") of up to 7,142,857 flow-through units of the Company (the "FT Units") at a price of C$0.14 per FT Unit for gross proceeds to the Company of C$1,000,000 . Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act ( Canada ) (each, a "FT Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share at a price of C$0.25 at any time two years from the closing of the Offering.