American Eagle Gold Launches Largest-Ever Drill Program at NAK with More Than 50,000 Metres Planned

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Highlights: Drilling commences May 14 with three drill rigs Phase 1 comprises 32 holes totalling 23,000 m, focusing on expansion drilling to increase the delineated footprint of mineralization Phase 1 is 100% skid-accessed drilling utilizing existing trail network Additional drill rigs on standby to accelerate the program as the season progresses Phase 2 infill and expansion drilling anticipated to add ~30,000 m from September 2026 through March 2027 Toronto, Ontario--(Newsfile Corp. - May 8, 2026) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) (the "Company" or "American Eagle") is pleased to announce its Phase 1 drill program at the NAK property, scheduled to commence May 14, 2026. Ground crews are already on-site preparing access trails and drill pads in advance of the 2026 exploration season. Phase 1 Drilling The Phase 1 program comprises approximately 23,000 m across 32 initial drill holes, representing less than half of the total meterage planned for the 2026-2027 drill season. The program has been designed to prioritize expansion of known mineralization, with systematic step-out drilling planned around the entirety of the Babine porphyry stock, the structural core of the NAK property. Select holes will also test higher-grade sub-zones, notably in the South Zone and centrally within the Babine Porphyry stock. All Phase 1 drilling is 100% skid-accessed via the existing historical trail network, enabling efficient mobilization and logistics. Click Here to View Phase 1 Drill Plan Click Here to Watch VP of Exploration Neil Prowse Discuss the Phase 1 Drill Program Looking Ahead: Phase 2 The Phase 2 program, anticipated to run from September 2026 through March 2027, will build on Phase 1 results with infill and further expansion drilling targeting an additional 30,000 m. Winter drilling conditions will allow for aggressive follow-up in areas that may be difficult to access during summer and fall months, when unconsolidated and water-saturated surface cover is at its most challenging. Skid-accessed drilling provides considerable flexibility in program design, allowing hole orientations and sequencing to be continuously optimized as new geological and structural data are acquired, particularly in areas distal to zones of higher data density. The Phase 2 program will be designed to support the Company's initial Mineral Resource Estimate...

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