American Eagle Announces Closing of $10.9 Million Investment backed by Teck and South32

Highlights Teck and South 32 maintain their equity ownership in American Eagle American Eagle 's cash balance increases to $55 million Four cornerstone investors: South32, Teck, Eric Sprott, and Ore Group currently hold approximately 53 percent of American Eagle's outstanding shares The 2026 exploration season is to commence in April, with more than 50,000 metres of drilling planned Neil Prowse appointed Vice President, Exploration of American Eagle Toronto, Ontario--(Newsfile Corp. - April 9, 2026) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) ("American Eagle" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement offering of 9,650,550 common shares issued on a premium flow-through basis (each, a "FT Share") at a price of C$1.1319 per FT Share for gross proceeds of C$10,923,458 (the "Offering"). Teck Resources Limited ("Teck") maintained its 12.9% interest in the Company, through the acquisition of 3,797,058 common shares ("Common Shares") underlying the Offering at a back-end price of $0.77 per Common Share, and a wholly-owned subsidiary of South32 Ltd ("South32") maintained its 19.9% interest in the Company, through the acquisition of 5,853,492 Common Shares underlying the Offering at a back-end price of $0.77 per Common Share.