American Eagle Gold Corp · TSXV:AE

American Eagle Gold — Investor Presentation (January 2024)

19 slides from American Eagle Gold's investor presentation, Jan 18, 2024

  1. Slide 1: Canada's Most Exciting Porphyry Discovery

    Canada’s Most Exciting Porphyry Discovery Investor Presentation: Q1 - 2024 AE: TSXV | AMEGF: OTCQB AmericanEagleGold.ca

  2. Slide 2: Introduction

    Introduction • American Eagle is 100% focused on its Copper-Gold porphyry project, NAK, located near Smithers, British Columbia, Canada • NAK has scale, high grade and road access 365 days a year • American Eagle has drilled 17 holes and hit copper and gold on each one • American Eagle is partnered

  3. Slide 3: NAK Infrastructure

    NAK Infrastructure • NAK is in the Babine Copper-Gold Porphyry District 85km (1h10m) from Smithers, British Columbia with: • Low-cost exploration • Road accessible • Year-round access • Exploration camp • Site clear-cut by forestry • Year-round drilling • Access to water • Access to labour • Access

  4. Slide 4: NAK: Grade, Scale, Accessibility + BlueSky

    NAK: Grade, Scale, Accessibility + BlueSky AE: TSXV | AMEGF: OTCQB Part of the

  5. Slide 5: 302 metres of 1.09% Copper Equivalent within 606 metres of 0.74% Copper Eq

    302 metres of 1.09% Copper Equivalent within 606 metres of 0.74% Copper Eq NAK2-01 • NAK23-17: • 302 m of 1.09% Copper Eq • within 606 m of 0.74% Copper Eq beginning 98 m downhole. NAK22-04 NAK22-04 NAK22-04 NAK22-03 • Collared 250 metres west of NAK23-11’s 473 metres of 0.62% Copper Eq, beginning a

  6. Slide 6: 900 metres of 0.50% Copper Equivalent

    900 metres of 0.50% Copper Equivalent NAK2-01 • NAK23-12 • 900 m @ 0.50% Copper Eq from surface • including 540 m @ 0.61% Copper Eq from 344 m • Copper contributed NAK22-04 over 70% of the CuEq NAK22-04 calculation, averaging NAK22-03 NAK22-04 0.35% Copper throughout the 900-metre intercept • Affirm

  7. Slide 7: Consistent Grade from Surface in Untested Ground - NAK23-08 and 11

    Consistent Grade from Surface in Untested Ground - NAK23-08 and 11 NAK2-01 • NAK23-11: • 102 metres @ 1.04% copper eq within 473 metres of 0.62% copper eq from surface • NAK23-08 • 776 m @ 0.50% copper NAK22-04 eq from surface NAK22-04 NAK22-04 NAK22-03 • Mineralization starts from surface and is co

  8. Slide 8: Discovery of a New Zone at NAK

    Discovery of a New Zone at NAK NAK2-01 • NAK23-09 • 117 metres of 0.40% copper equivalent from surface • Collared 650 metres to the east of American Eagle’s area of NAK22-04 interest at NAKNAK22-04 NAK22-04 NAK22-03 • Discovered broad new area for exploration 500 m from any previous drilling • Stron

  9. Slide 9: NAK 2022 & 2023 Drill Program Highlights

    NAK 2022 &2023 Drill Program Highlights 302 m of 1.09% CuEq within 606 m of 0.74% CuEq NAK23-17 776 m of 0.50% CuEq from surface NAK23-08 390.9 m of 0.34% CuEq within 687.7 m of 0.28% CuEq NAK23-16 106 m of 0.53% CuEq from surface within 856 m of 0.30% CuEq NAK22-07 543.4 m of 0.27% CuEq NAK23-15 33

  10. Slide 10: Strategic Partnership with Teck Resources

    Strategic Partnership with Teck Resources NAK2-01 • Teck Resources made three investments into American Eagle, each done at a significant premium to market: • May 2023 (click here to view NR) NAK22-04 • August 2023 (click here to view NR) NAK22-04 NAK22-04 NAK22-03 • November 2023 (click here to vie

  11. Slide 11: Large Footprint with Geophysical Model Confirmed

    Large Footprint with Geophysical Model Confirmed NAK2-01 • 1.5 KM x 1.5 KM footprint with mineralization defined to 1 KM depth NAK22-04 NAK22-04 NAK22-04 NAK22-03 NAK22-03 • Open in all directions, and at depth • A multitude of additional targets exist • Multi-billion tonne potential AE: TSXV | AMEG

  12. Slide 12: 2024 Planning is Underway

    2024 Planning is Underway NAK2-01 • Prioritize new area of high-grade mineralization around NAK23 17 • Connecting the North and South Zones • Finding a Jewel Box NAK22-04 NAK22-04 NAK22-04 • Mineralized dykes indicate that a high-grade zone or secondary NAK22-03 source within the Babine NAK22-03 sto

  13. Slide 13: Looking Forward – Future Opportunities

    Looking Forward – Future Opportunities High-Cu North Zone open at depth to the northeast and northwest, and geological and geophysical observations show broad connectivity at depth to the south Top-down Plan-view New south-zone western expansion shows markedly similar Au:Mo:Cu ratio to southeast ste

  14. Slide 14: Strong Partnership With the Local Community

    Strong Partnership With the Local Community NAK2-01 • American Eagle and Lake Babine Nation have forged a relationship built on a foundation of communication and engagement • On August 7th, 2023 American NAK22-04 Eagle signed an expanded Exploration Agreement with Lake Babine NAK22-04 NAK22-03 First

  15. Slide 15: NAK Drill Core

    NAK Drill Core NAK2-01 • NAK core is indicative of strong copper-gold porphyry mineralization, with commonly observed zones of high grade bornite mineralization. • The abundance of chalcopyrite and bornite, as well as commonly observed hypogene chalcocite, has positive economic implications, with bo

  16. Slide 16: Board & Management

    Board & Management Anthony Moreau Alex Stewart CEO & Director Director • 10 years of experience in the mining industry Previously with • Over 40 years of experience in the practice of securities law and Iamgold in Business Development & Special Projects Director natural resource investment of the Yo

  17. Slide 17: Corporate Overview

    Corporate Overview KEY METRICS TSXV - OTCQB AE - AMEGF SHARE P R I C E Shares Outstanding (m) 115.7 Warrants and Options (m) 19.8 Share Price (01/19/2024) $0.41 Market Cap ~$47.4 Cash $4.6M Insiders and Funds 46% Teck Resources (TECK: TSX) 19.99% BOARD & MANAGEMENT Anthony Moreau CEO & Director Step

  18. Slide 18: Forward-Looking Statements

    Forward-Looking Statements WE ARE IN THE MINERAL EXPLORATION AND DEVELOPMENT BUSINESS. IT IS INHERENTLY RISKY, investigation of the dimensions, quantity or grade of the mineralization referred to above, therefore this AND ALL INVESTORS SHOULD BE KEENLY AWARE OF THIS historical data should not be rel

  19. Slide 19: @ www.AmericanEagleGold.ca University Avenue, Suite 1805, Toronto ON, M5J 2H7

    amoreau@americaneaglegold.ca @ www.AmericanEagleGold.ca 55 University Avenue, Suite 1805, Toronto ON, M5J 2H7 (v) AmEagleGold American Eagle Gold (a) TheOreGroup

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