Burnaby, BC – February 4, 2025 – As a result of a review by the British Columbia Securities Commission, the Company is issuing the following release to clarify its disclosure. In addition, the Canadian Investment Regulatory Organization (“CIRO”), has requested that Great Eagle Gold Corp. (“Great Eagle”) (CSE: GEGC I OTC: GEGCF I FRA: GI8) clarify certain information in its press release entitled “Great Eagle Gold Corp. Announces LOI to Acquire Patented Mineral Rights Titles Containing NI 43-101 Certified Gold Resources” dated January 27, 2025, (the “January 27 Release”), in regards to certain geological information and resource statements. Great Eagle also clarifies that it had signed a non-binding Letter of Intent (LOI) dated December 24, 2024 with New Path Resources Inc. (the “Vendor”), an arms-length party, to acquire a 100% interest in a mining claims package that includes three patented claims containing NI 43-101 inferred gold resources (the “Tokenization Qualifying Titles”). As they are patented claims the related subsurface rights under the Tokenization Qualifying Titles meet the perpetual ownership and zero ongoing carrying cost requirements necessary for tokenization into NatGold Tokens under NatGold Digital Ltd.’s (“NatGold”) patent-pending digital gold mining model. The provisional patent-pending is the “Method of Tokenization and Token Transformation to Partially Mined Gold Deposits”: Date of Filing – January 27, 2025, Application No.: 63/749,991.

The January 27 Release contained disclosure that was not in compliance with, and contrary to, NI 43-101. In the January 27 Release, Great Eagle made references to “certified” inferred gold resources and seeks to clarify the Release with the removal of the references to “certified” as this is not a technical term referred to or defined in NI 43-101. In addition, in regards to the inferred resources referred to in the January 27 Release, Great Eagle clarifies as follows:

The NI 43-101 compliant gold resource on the three patented claims referred to in the January 27 Release is:

Northshore Inferred Mineral Resource Estimate

*Notes:

1.) The mineral resources have been classified according to the Canadian Institute of Mining (CIM) Definition Standards for Mineral Resources and Mineral Reserves (May 2014) and CIM Estimation of Mineral Resources & Mineral Reserves Best Practices Guidelines (2019).

2.) *Inferred Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not have demonstrated economic viability. There has been insufficient exploration to define the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future. The estimate of mineral resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues.

3.) Resource estimation was conducted by Mr. David Briggs, NHD, Pr.Sc.Nat., of RockRidge Partnership and Associates under the supervision of Mr. Michael Dufresne, M.Sc., P.Geol., P.Geo of APEX Geoscience Ltd. Of Edmonton, Alberta.

4.) Mr. Dufresne, M.Sc., P.Geol., P.Geo. of APEX Geoscience Ltd., who is a qualified person as defined by NI 43- 101, is responsible for the completion of the mineral resource estimation.

Lawrence Segerstrom, CPG, a Director of Great Eagle, and a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical disclosure in this news release.

It is important to note that completion of the transaction is subject to a number of closing conditions customary to transactions of the nature of the transaction. There can be no assurance that the transaction will be completed as proposed or at all.

About Great Eagle Gold

Great Eagle Gold Corp. (CSE: GEGC | OTC: GEGCF | FRA: GI8) is a publicly traded Canadian company, also listed in the United States and Germany, leading a groundbreaking evolution in digital mining. This new approach reshapes how the global gold mining industry realizes gold’s intrinsic value. Partnering with New York-based NatGold Digital Ltd., Great Eagle leverages a blockchain-powered, ESG-friendly digital mining process. This method provides a regulatory-compliant way to invest in gold while eliminating the considerable environmental, social, and financial costs of traditional gold mining.

Great Eagle’s unique strategy focuses on the supply side of the NatGold ecosystem. By acquiring NI 43-101 gold resources and seamlessly integrating them through a title swap process that meets NatGold Digital Ltd.’s exacting token integrity standards, Great Eagle establishes itself as a pivotal contributor. Together, Great Eagle and NatGold Digital operate at the convergence of three compelling global investment themes: gold, ESG investing, and the tokenization of real-world assets.

On behalf of the board,

Andrew Fletcher, CEO & Director
Great Eagle Gold Corp.
+1 (778) 372-9723