As illustrated in the location map below, the NAK project is located in the Babine Copper-Gold Porphyry District which contains the historical Bell and Granisle mines and the Morrison deposit. The property offers American Eagle Gold a compelling risk-reward proposition to drill test a coincidental ZTEM and magnetic anomaly which underlies the North and South copper zones depicted in the figure below. The drilling targets were defined by the analysis and reinterpretation of the historical geochemical, geophysical and drilling data, all of which indicate excellent potential exists below the current limits of the known copper-gold mineralization.

The Company believes that historical drilling, previously restricted to shallow depths, stopped short of the most compelling geophysical anomalies at depth, and thus represents significant potential for a new discovery. Geophysical modelling coupled with geochemical information from historical drilling has outlined a classic porphyry target model, with concentric and vertically zoned alteration halos corroborated by 3D inversion models of IP chargability, resistivity, and magnetic susceptibility.  Drilling in 2022 will target a high-grade mineralized porphyry stock at depth, using the geophysical alteration model as a vectoring tool.  For detailed information on the NAK property geological and geophysical interpretation, refer to the Company's Projects page here.