Toronto, Ontario – September 15, 2021 – American Eagle Gold Corp. (AE:TSXV) ("American Eagle" or the "Company") is pleased to announce it has entered into an Assignment Agreement (the “Assignment Agreement”) dated September 13, 2021 with Standard Ore Corp. (“Standard Ore”), pursuant to which the Company will, subject to the approval of Disinterested Shareholders and the TSX Venture Exchange, assume all rights and interest (the “Assignment”) in a lease with option to purchase agreement (the “Lease”) between Standard Ore and Rubicon Resources Inc. (“Rubicon”) for a 100% interest in the Cerros Rojos Property, located 150km south of Newmont’s Long Canyon mine in Nevada. Cerros Rojos had historical near-surface oxidized gold drill intercepts, one of which measured 12.2m @ 0.57 g/t Au from surface. This indicates the potential for of a new gold deposit in a previously undeveloped part of Nevada. It is believed that the system is structurally controlled, extending along low-angle structures to the west beneath the overlying Devonian Joana limestone. The initial focus of the exploration will be Carlin-style deposits.

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