American Eagle opens drill season with 154 m of 1.21% CuEq within 280 m of 0.96% CuEq at South Zone

Highlights: NAK26-83 intersected 154 m of 1.21% CuEq within 280 m of 0.96% CuEq, beginning at surface, extending the footprint of the high-grade South Zone 100 m to the north. NAK26-83 builds directly on the final holes of 2025, including NAK25-78 (802 m of 0.71% CuEq from surface, including 375 m of 1.01% CuEq) and NAK25-80 (618 m of 0.77% CuEq from surface). Broad, high-grade intercepts beginning at surface are a defining feature of NAK's South Zone.

First result of the fully funded, 50,000+ metre 2026 campaign, the largest drill program in Company history and one of the largest currently underway in British Columbia, with approximately 80 holes planned and drilling continuing for at least nine months. A newly permitted exploration trail network, completed this season, now connects drill areas across the property, virtually eliminating helicopter support and materially improving program flexibility and cost per metre. With approximately $50 million in cash, American Eagle is funded to define and expand the South Zone, execute large step-outs (currently in progress), and test new zones across the NAK system.

Toronto, Ontario--(Newsfile Corp. - July 15, 2026) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") reports the first drill result of the 2026 exploration program at its 100%-owned NAK copper-gold porphyry project in British Columbia's Babine district. Hole NAK26-83 returned 154 m of 1.21% CuEq within a broader interval of 280 m of 0.96% CuEq from surface, extending the South Zone high-grade core 100 m to the north. The broader zone of mineralization encountered in NAK26-83 returned over 800 metres of 0.49% CuEq from surface, marking another long intercept in the South Zone and demonstrating both the grade and scale that have come to characterize the overall NAK system.

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