American Eagle Gold terminates Pacific Booker Minerals bid

Toronto, Ontario--(Newsfile Corp. - June 5, 2026) - American Eagle Gold Corp. ‎(TSXV: AE) (OTCQB: AMEGF) (" American Eagle " or the " Company ")‎ announces the termination of its take-over bid (the " Offer ") for Pacific Booker Minerals Inc. (BKM: TSXV) (" Pacific Booker ") effective immediately in accordance with the terms and conditions of the Offer and accompanying take-over bid circular of American Eagle dated April 14, 2026. Accordingly, no Pacific Booker shares will be taken up under the Offer and the Pacific Booker shares that have been deposited under the Offer will be promptly returned to Pacific Booker shareholders. American Eagle remains focused on executing its recently commenced 55,000-metre drill program at its 100%-owned NAK project, with the objective of adding scale, identifying additional high-grade zones, further de-risking the project, and advancing it toward development.

American Eagle thanks the Lake Babine Nation for its support of the proposed acquisition of Pacific Booker and for the constructive relationship built in the region. The Company also wishes Pacific Booker shareholders success going forward. ABOUT AMERICAN EAGLE American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada.

The Company benefits from over $55 million in its treasury, bolstered by four key shareholders, including major mining companies South32 and Teck Resources Limited, and large strategic investors Eric Sprott and Ore Group. With substantial financial and technical resources, American Eagle Gold is well-positioned to drill, de-risk, and define the full potential of the NAK copper-gold porphyry project. Q.P.

Statement Mark Bradley, B.Sc., M.Sc., P.Geo., a Certified Professional Geologist and independent 'qualified person' for the purposes of Canada's National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approved the information contained in this news release. For further information please contact: Anthony Moreau, Chief Executive Officer Phone: (416) 644-1567 Email: amoreau@oregroup.ca www.americaneaglegold.ca - or - Shorecrest Group Ltd. Phone: 1-888-637-5789 or (647) 931-7454 for collect calls outside North America Email: contact@shorecrestgroup.com FORWARD-LOOKING STATEMENTS This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the Company's strategy and plans for its 55,000 metre drill program at the NAK project, the derisking and advancement of the NAK project towards development, the return of deposited Pacific Booker shares, and the Company's ability to drill, de-risk, and define the full potential of the NAK copper-gold porphyry project.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, exploration and development risks, commodity price fluctuations, financing and capital requirements, regulatory and permitting risks, and general economic and market conditions. Additional information identifying risks and uncertainties is contained in filings by American Eagle with Canadian securities regulators, which filings are available under American Eagle profile at www.sedarplus.ca .

The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300311 Newsfile Corp. June 5, 2026 - 3:00 AM PDT News by QuoteMedia www.quotemedia.com