Precious Metals

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES Bald Eagle Gold Corp., announces that further to the Company's press release dated November 16, 2021 the Company has closed the acquisition of a 100% interest in the Leviathan Property located in the Heath Mining District of Washington County, Idaho USA . The Property is located immediately east of and adjoins the Company's recently ...

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/

Bald Eagle Gold Corp., (" Bald Eagle " or the " Company ") (TSXV: BIG) (OTCBQ: BADEF) announces that further to the Company's press release dated November 16, 2021 the Company has closed the acquisition of a 100% interest in the Leviathan Property located in the Heath Mining District of Washington County, Idaho USA (the " Property "). The Property is located immediately east of and adjoins the Company's recently acquired Hercules silver property.

The Company acquired (the " Transaction ") the Property by purchasing all of the issued and outstanding common shares of Frontier Metals Canada Holdings Corp. (" Frontier Canada "). Frontier Canada is a private company existing under the laws of British Columbia . In connection with the Transaction, the Company issued to the holders of the common shares of Frontier Canada (the " Vendors ") 10,000,000 common shares of the Company at a deemed price of $0.045 per share and entered into a net smelter return royalty agreement granting the Vendors a perpetual two percent (2.0%) royalty relating to all production from the Property.

In connection with the closing of the Transaction subject to approval of the TSX Venture Exchange, the Company has appointed Christopher Paul to the Board of Directors of the Company (the " Board ").

Mr. Paul holds a B. Sc. in Geology from Simon Fraser University , 2014, and a Diploma in Mining & Mineral Exploration Technology, 2011, from the British Columbia Institute of Technology. Mr. Paul is a Principal and Founder of Ridgeline Exploration, a technical services company which was recently acquired by Goldspot Discoveries Corp.  He has served in numerous senior exploration management roles including most recently as the Vice President of Exploration for Golden Ridge Resources Ltd.  where he was fundamental in the discovery of the Williams copper gold porphyry in the Golden Triangle region of British Columbia .

Corporate Update

The Company is pleased to announce that Mr. Raymond Harari has been appointed Chief Executive Officer of the Company and Mr. Sidney Himmel has been appointed Chairman of the Board.  Mr. Harari will continue as the President of the Company and as a member of the Board and Mr. Himmel has stepped down as Executive Chairman of the Company.

The Company further announced that it has filed its financial results for the three and nine months ended September 30, 2021. Additional information concerning Bald Eagle's consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2021 can be found at on SEDAR at www.sedar.com .

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metal districts in the Americas. The Company's objective is to acquire advanced exploration projects for exploration and development. The Company intends to, through evaluating historical data and utilizing modern exploration techniques and geological concepts enhance resources. The management team and board of directors of the Company have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information in this press release may include, without limitation, statement and information regarding the future operating or financial performance of Bald Eagle and approval of the TSX Venture Exchange of appointment of Mr. Paul as the new director of Bald Eagle.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Bald Eagle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Bald Eagle does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Bald Eagle Gold Corp.

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Bald Eagle Gold

Bald Eagle Gold

Overview

It can be difficult finding a viable asset to develop for emerging mining and exploration companies. Luckily, the right management team operating in the right jurisdiction can push even junior players into the big leagues.

One of the US' most prolific mining districts is Nevada. According to the Fraser Institute, the state ranks as one of the top mining jurisdictions in the world. Nevada hosts the perfect mix of existing infrastructure, a skilled local workforce and favorable warm weather year-round, which presents emerging mining companies with exceptional discovery potential and economic prospects.

Bald Eagle Gold (TSX:BIG,OTCQB: BADEF) is an emerging mineral exploration and development company focused on exploring gold districts in North America. The company is currently developing its high-quality Hot Springs gold property in Nevada, which leverages a stable operating environment, rich resource networks and widespread mineralization.

The company's management team and board have a successful track record of growing companies through formation, listing, development and exit. Collectively, the team has raised over US$405 million in capital with companies such as UNX Energy (TSX:UNX), IC Potash (TSX:ICP), Namaste Technologies (TSXV:N) and Khiron Life Sciences (TSXV:KHRN).

With Bald Eagle Gold, the leadership team applies its expert exploration experience and technical skills to develop new highly prospective mineral exploration projects. This management team primes the company for growth and mining success.

Bald Eagle Gold has generated a high-quality pipeline through long-standing relationships with local operators, key decision-makers and market participants. These connections help Bald Eagle advance its objective to acquire, expand and enhance its asset's resources to reserves over the early stages of its current commodity cycle.

The Hot Springs property is a historically explored property with a significant source of gold mineralization first discovered in the 1890s. The property hosts two main targets: the Dutch Flats shear zone and the mid-Paleozoic calcareous and limestone zones.

bald_eagle_mpa1

The project's exploration history for the project is primarily shallow drilling and surface sampling, with the discovery of quartz-gold nuggets at surface. Bald Eagle theorizes that much of the high-grade gold discovery lies deeper into the property. The company is excited to explore its multiple drill targets across the property. The Battle Mountain and Getchell-Comstock gold trends intersect through the district and host world-class epithermal and Carlin-type deposits. Eighteen mines have been discovered across the district — including mines ones from well known companies such as Hecla (NYSE:HL), Newmont (NYSE:NEM,TSX:NGT) and Barrick Gold (NYSE:GOLD,TSX:ABX) — and considerable exploration and development potential remains.

The company's goal is to expand its portfolio of high-grade mineral assets through organic exploration and development. Immediate plans for the Hot Springs property involve developing new geologic models to test the property and continuing drilling to uncover the property's discovery possibilities at depth.

In 2021, Bald Eagle received TSX Venture Exchange and other regulatory approval for the acquisition of a 100 percent interest in the Hercules Silver Property located in Washington County, Idaho. The Hercules Property is a significant brownfield land package of nine square kilometers within the underexplored Cuddy Mountain Mining. Its silver-rich terrane has been prospected for silver occurrences since the late 19 th century, with six historically identified silver-mineralized zones. Hercules Silver has historic drill intercepts including hole 80-13 with 10.7 meters of 825 grams/tonne (“g/t") silver, hole PH 42 with 29.3 meters of 259 g/t silver and hole PH 33 with 14.6 meters of 562 g/t.

Bald Eagle Gold's Company Highlights

  • Bald Eagle Gold is an emerging mineral exploration and development company focused on exploring, acquiring and operating highly prospective gold assets in North America, focused primarily on Nevada.
  • Its impressive management team has collectively raised over US$405 million in capital and has a proven track record of success.
  • In 2018, Nevada's production of gold was approximately 5.58 million ounces, representing approximately 83 percent of U.S. total gold production.
  • The company's flagship gold asset is its Hot Springs gold property. The asset hosts high-grade gold mineralization and strategically positions the company around well-known gold mines as well as Carlin-type and epithermal gold deposits.
  • Eighteen gold mines have been discovered within 100 kilometers of the Hot Springs property, including ones from well-known mining companies such as Hecla, Newmont and Barrick.
  • In March 2021, Bald Eagle Gold began trading on the TSXV.
  • The company entered into a share purchase agreement to acquire a 100 percent interest in the Leviathan Property in the Heath Mining District of Washington County, Idaho USA. The Leviathan is located immediately east of and adjoins the Company's recently acquired Hercules silver property.

Bald Eagle Gold's Key Projects

Hot Springs Property

The Hot Springs property spans 11,894 acres and is strategically located at the intersections of Getchell-Comstock and Battle Mountain, which is part of gold trends found in the prolific Arkosic Triangle in Nevada. The trend hosts well-known gold mines as well as Carlin-type and epithermal gold deposits.

Historical exploration of the property confirms multiple occurrences of gold, both at surface and depth, uncovered through surface sampling and drilling. Drilling campaigns from 2007 returned mineralization estimates of 16 million tonnes at 0.18 g/t grade for 91,750 ounces of gold. Recent exploration indicates exceptional grades above 1 ounce per tonne gold at surface and quartz-gold nuggets at surface, indicating a source within two miles.

bald_eagle_mpa2

Mid-paleozoic limestone and calcareous sediments indicate the high probability of Carlin-type deposits, similar to the nearby Turquoise Ridge mine and neighboring mines from companies including Hecla, Newmont and Barrick.

In 2020, the company completed deep structural geophysics and a drilling campaign over the property. The next steps for the project include a proposed US$1.8 million drilling campaign that would involve up to 5,000 meters of drilling, IP and CSAMT and claims staking, for which Bald Eagle has expressed excitement.

Bald Eagle Gold's Management Team

Raymond Harari – President, CEO & Director

Mr. Harari is the founder of Canalis Capital, a merchant bank focused on disruptive industries. Prior to founding Canalis Capital, Mr. Harari worked at Credicorp Bank in its private wealth group in Panama and Nomura's consumer and retail investment banking group based in New York City . Mr. Harari graduated with honors from the University of Pennsylvania with a Bachelor of Science in systems engineering and a minor in engineering entrepreneurship and mathematics. Mr. Harari is an active angel investor across the mining, technology, fashion, cannabis, e-commerce, and energy sectors. Mr. Harari also serves as CEO of IM Exploration (CSE:IM) and CEO of Momentous Capital Corp. (TSXV:MCC.P), a Capital Pool Company which is in the process of completing its qualifying transaction. Mr. Harari also served as the deputy director of the Chamber of Commerce, Industry and Agriculture of Panama.

Darren Collins – CFO & Director

Darren Collins has over 15 years of corporate finance and public company experience with a background in corporate finance, M&A, corporate, governance and public accounting. He has previous experience with Scotia Capital, Quest Capital, currently renamed Sprott Resource Lending, and various public issuers.

Mark Smethurst – Senior Geologist

Mark Smethurst is a professional geologist with over 25 years of experience. He has held previous executive appointments as VP and COO of Resource Development for public companies and is currently a Qualified Person defined by National Instrument 43-101.

Terra Lane, B.S. – Mining Engineer

Ms. Lane is a Mining Engineer with more than 35 years of experience. Her experience includes feasibility studies, mine and process engineering and project development for surface and underground mines. She has managed projects in the US, Canada, Mexico, Ireland, Russia, China, Bolivia, Peru and Africa.

Hamid Samari, Ph.D. – Senior Exploration Geologist

Mr. Samari is a geologist with more than 30 years of experience. He has experience in structural geology, mining geology, economic geology, and seismic assessment. His project experience spans multiple jurisdictions and includes exploration and resource definition for gold, silver, copper and other metals

Michael Feinstein, Ph.D. – Senior Exploration Geologist

Mr. Feinstein holds a Ph.D. in Geological Sciences and an M.Sc. in Economic Geology from the University of Texas El Paso, as well as a B.Sc. in Geology and Geography from Sam Houston State University. He is president of Mineoro Explorations, leading exploration and development of mineral properties in the US, Mexico and Canada.

Nicholas Tintor – Executive Director

Nicholas Tintor, a geologist, and mining executive will be an active Executive Director of the Company. He has more than 35 years of experience in the Canadian mining industry and has been involved in all aspects of the junior mining sector including executive management, project generation, corporate finance, and investor relations.

He holds a B.Sc., Geology from the University of Toronto and is a Qualified Professional Member of the Mining and Metallurgical Society of America and a Qualified Person as defined by NI 43-101. He is also a lifetime member of the Prospectors & Developers Association of Canada , and a member of PDAC's Securities Committee.

Michael Bandrowski – Independent Director

Michael Bandrowski, an executive and former research analyst, will be an Independent Director of the Company. For the past 16 years, he has been active in the mineral exploration and development industry as a mining research analyst and mineral exploration and development corporate executive. He holds a B.Sc. in geology and an MBA and has previously served on numerous public and private company boards. He is currently President and Chief Executive Officer of Big Ridge Gold Corp., a company which is acquiring an 80 per cent interest in Hope Brook Gold Project of Newfoundland and Labrador , an advanced stage, high-grade gold project. He was Founder of Escarpment Capital Advisors, a premier Canadian mining advisory firm. Over a nine-year period, he was a mining Research Analyst at Beacon Securities Inc., a mining Research Analyst at Clarus Securities Inc., and a Research Associate at Paradigm Capital.

Dr. Laurence Curtis – Senior Technical Advisor

Dr. Laurence Curtis is an economic geologist with over 45 years of experience in exploration, mine development, and financing of precious metals resources . He holds a Ph.D. from the University of Toronto and is a licensed Professional Geologist ( Ontario ) and a Lifetime Member of the PDAC.

Dr. Curtis is currently a director of Excellon Resources Inc. and formerly a Director of Wheaton River Minerals, High River Gold and Breakwater Resources. In 1996 he founded Intrepid Minerals Corporation as a mineral exploration and development company and was with the company through to 2014. During that period, he operated as Chief Executive Officer and Chief Operating Officer. Under his tenure, the company advanced projects in Argentina , Central America , and Western Australia . During the transition to Intrepid Mines Ltd., he effected substantial financings and negotiated significant joint ventures with major international mining companies.

Jean Depatie – Senior Technical Advisor

Jean Depatie has had a distinguished career in the mining industry in Canada and internationally for the past 45 years. He is an internationally recognized expert in mineral exploration and development and minerals and mining corporate finance including financing and mergers and acquisitions. Mr. Depatie is a graduate of the University of Montréal where he obtained a B.A in Mathematics and Physics and a B.Sc. in Geology. He received an M.Sc. from Laval University in Québec City. He was a Director of Glamis Gold (which was sold to Goldcorp creating a $21.3 billion company), a Director of Novicourt Inc. (which was acquired by Xtrata), and a Director of Consolidated Thomson Iron Mines (acquired by Cliff Resources in a $4.9 billion acquisition transaction). Mr. Depatie has served many public companies at the highest levels. As President and CEO of Louvem Mines he was instrumental in the discovery of the Louvicourt base metal mine and the development of the Beaufor gold mine in Quebec. As a Director of Gold Hawk Resources, he was involved in the acquisition and reactivation of the Cobre San Juan base metal mine located in San Mateo, Peru.

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