Bald Eagle Gold Corp. Announces Trading on the OTCQB Venture Market and DTC Eligibility of Its Common Shares in the United States

Toronto, Ontario, June 28, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCQB: BADEF), is pleased to announce that it has qualified for trading on the OTCQB Venture Market (the “OTCQB”) and its common shares are eligible for electronic clearing and settlement through The Depository Trust Company (“DTC”) in the United States. The Company’s common shares commenced trading today on the OTCQB under the symbol “BADEF”. Bald Eagle’s common shares will continue to trade on the TSX Venture Exchange under the symbol “BIG”.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a United States company that manages electronic clearing and settlement for publicly traded companies. Securities that are eligible to be electronically cleared and settled through the DTC are considered to be “DTC eligible”.

DTC eligibility is expected to simplify the process of trading and transferring the Common Shares and to enhance the liquidity of the Common Shares in the United States because of the accelerated settlement period and the expected reduction in costs for investors and brokers, enabling the Company’s common shares to be traded over a wider selection of brokerage firms.

“Listing Bald Eagle on the OTCQB is a first step to provide easier access and trading capability in our shares for both institutional and retail investors in the United States. Trading on OTCQB will further contribute to our strategy to continue enhancing share liquidity and broaden the reach and awareness of our corporate branding. The Company’s asset focus is in the United States and the listing complimentary to ultimately drive value for our shareholders” stated Darren Collins, Chief Financial Officer and Director of the Company.

The OTCQB offers investors transparent trading in entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. Investors can find real-time level 2 quotes and market information at: https://www.otcmarkets.com/stock/BADEF/overview.

Nauth LPC acted as OTCQB sponsor.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, the OTC connects a diverse network of broker-dealers that provide liquidity and execution services. The OTC Markets Group Inc. enables investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about the OTC Markets Group Inc., visit www.otcmarkets.comb .OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

About Bald Eagle Gold Corp.

Bald Eagle is a resource company focused on the exploration and development of advanced exploration assets in known gold districts in the Americas. The Company’s objective is to acquire advanced exploration projects for exploration and development. The Company intends to, through evaluating historical data and utilizing modern exploration techniques and geological concepts enhance resources. The management team and board of directors of the Company have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.

On behalf of the Board of Directors,

Darren Collins
Chief Financial Officer & Director
Bald Eagle Gold Corp.
+1 786 633-1756
https://baldeaglegold.com/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information in this press release may include, without limitation, the listing of the Company’s common shares on the OTCQB and the business and strategic plans of the Company.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Bald Eagle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Bald Eagle does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Bald Eagle Mails and Files Circular Relating to its Annual General and Special Meeting of Shareholders

  • Annual General and Special Meeting of Shareholders scheduled for July 15, 2022 at 9:00 a.m. (Toronto time).
  • Proxy voting deadline is July 13, 2022 at 9:00 a.m. (Toronto time).
  • Board of Directors recommends that Shareholders vote FOR all resolutions.

Toronto, Ontario, June 27, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Corporation”) (TSXV: BIG) (OTCBQ: BADEF) today announced it has commenced the mailing of the management information circular and other related materials (collectively, the “Meeting Materials”) to Bald Eagle’s shareholders (“Shareholders”) in connection with the annual general and special meeting of Shareholders (the “Meeting”). The Meeting Materials have also been filed with regulators and electronic copies are available on SEDAR under the Corporation’s profile at www.sedar.com.

The Meeting is scheduled to be held on Friday, July 15, 2022 at 9:00 a.m. (Toronto time) at 1600-100 King St. W., Toronto, ON M5X 1G5.

Cast Your Vote in Support

Shareholders are encouraged to read the Meeting Materials in detail and cast their vote in favour of all resolutions prior to the proxy voting cut-off on July 13, 2022 at 9:00 a.m. (Toronto time). Voting is easy. Shareholders may vote online, by telephone or other methods described in the form of proxy or voting instruction form that Shareholders will receive in the mail.

The Board of Directors of Bald Eagle UNANIMOUSLY recommends that Shareholders Vote FOR all proposed resolutions.

About Bald Eagle Gold Corp.

Bald Eagle is a resource company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho. The Corporation’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets. From time to time, the Corporation may also evaluate the acquisition of other mineral exploration assets and opportunities.

For further information, please contact:

Christopher Paul
CEO
Telephone: +1 604 721 7896
Email: cpaul@baldeaglegold.com

Darren Collins
CFO and Director
Telephone: +1 (786) 633-1756
Email: darren.collins@baldeaglegold.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information in this press release may include, without limitation, the Meeting and the business and strategic plans of Bald Eagle.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Bald Eagle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Bald Eagle does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Bald Eagle Unveils New Porphyry-Style Copper Anomaly on Consolidated Hercules Land Package

  • 2-kilometer diameter copper anomaly; up to 3,175 ppm copper, 229 ppb gold
  • Select rock grab samples up to 8.2% copper, 0.5 g/t gold and 246 g/t silver (1)
  • Potential feeder system to the Property’s silver-rich CRD system
  • Ideal erosion level for a porphyry copper system, with volcanics at surface
  • Additional infill soil sampling completed in May with assays pending
Figure 1: Schematic cross-section through a porphyry copper system showing associated deposit types and relative position of Hercules mineralization (modified from Sillitoe, 2010(2))

Toronto, Ontario / June 13, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSX-V: BIG) (OTCBQ: BADEF) (FWB: 6W0) has completed its interpretation of 2021 soil sampling data, and is pleased to report a new 2-kilometer diameter copper soil anomaly, immediately adjacent to the CRD-style silver-lead-zinc mineralization on it’s 100%-owned Hercules Silver Project in Idaho (“Hercules”, or the “Property”). The size and grade of the newly discovered anomaly, which remains open under cover to the south, is consistent with a significant porphyry copper system that may have been a feeder system to the adjacent silver-rich CRD mineralization. The latter is defined by over 300 historical drill holes on the Property (Figures 3-4). Select grab samples grading up to 8.2% copper were collected from within the new zone by soil sampling crews and Company geologists who noted the presence of abundant copper oxide staining of outcrops and a strongly altered corridor of phyllic alteration, consistent with the upper levels of a porphyry system. As a result of this exciting new anomaly, an additional 990 soil samples were collected in May of this year, infilling the copper anomaly to 50×50-meter spacing.

The discovery of a new 2-kilometer diameter copper-gold anomaly further increases the size of an already large-scale mineralizing system at Hercules. Importantly, the anomaly’s location – adjacent to high-grade silver-lead-zinc – is consistent with a potential feeder system for the historically-defined CRD mineralization in the overlying Hercules Rhyolite. Figure 1 illustrates a conceptual porphyry copper system, with replacement-style silver-lead-zinc in the adjacent stratigraphy (Sillitoe, 2010) (2).

Management Commentary

Chris Paul, CEO and Director of the Company, noted: “The discovery of a large new copper anomaly is a major development for Hercules and a confirmation of the CRD-style deposit model discussed in our 2021 Technical Report. The copper in soils data appears to confirm the position of the Hercules silver-lead-zinc system within a larger porphyry-style system. With the soils data, we believe that we have located evidence for the potential feeder zone to the CRD-style silver system. This has significant implications on the future exploration and development of the Property. CRD systems are in many cases a feature of metal zoning around nearby porphyry copper systems, which can be challenging to locate but can sometimes present a vector towards higher silver-lead-zinc grades within the CRD-style portion of the system, and can also contain high tonnages of economically attractive copper and/or moly values within the porphyry-style portion of the system. This new insight into metal zonation at Hercules has considerably improved our understanding of the mineralizing system compared to historical models and will help guide our maiden 2022 drill campaign.”

Figure 2 – Left: Outcrop at Metheny prospect with strong specular hematite alteration Right: Select grab sample grading 8.2% Copper, 246 g/t Silver at Metheny

Figure 3: 2021 and Historical Copper-in-Soil

Geological Setting

The host rocks for the new copper anomaly are currently mapped as Huntington Formation, consisting of andesitic volcanics interbedded with limestones. Small fingers of quartz porphyry intrude the sequence, which may be the near-surface expression of a deeper intrusive complex. The neighbouring IXL property, immediately southeast of the Property(3) and owned by EMX Royalty Corp., is underlain by a large intrusive complex with associated porphyry-style copper-gold-molybdenum mineralization.

Figure 4: 2021 Gold-in-Soil

Several historical showings, including the White Monument, Cliff, Little Gem, Metheny, Yellow Bride, Long Cut and Big Cut prospects occur mostly to the southeast of the new copper anomaly. Historical trenching at the Big Cut prospect on the Property reportedly uncovered en-echelon mineralized structures containing chalcopyrite as disseminations, and less commonly as semi-massive lenses. The copper mineralization is associated with rhyolite sills and dykes, suggesting a relationship with the overlying Hercules Rhyolite. Historical sampling at the Big Cut prospect, discussed in unpublished reports obtained by Bald Eagle yielded grades of up to 1.78% copper across 90 feet and 1.3% copper across 57 feet. Silver was only selectively assayed at the time. Other notable historical trench intercepts at the Big Cut prospect noted in the reports include:

The assay results reported above are historical in nature and have not been verified by a Qualified Person; therefore, they should not be relied upon.

NR = Not ReportedTable 1 – Select Historical Trench Results – Big Cut and Surrounding Prospects

The southeastern portion of the 2021 soil grid contains widely scattered test pits, shallow shafts, and adits from the late 1800s and early 1900s. As a result, some soil values may be upgraded or downgraded in these areas, the extent of which is difficult to quantify at this time. The largest and most continuous portion of the copper soil anomaly, however, occurs in the center of the Property – an area with almost no known historical disturbance.

Sampling Methodology

Samples were collected at 50-meter grid spacings over areas of known mineralization and 100-meter spacings outside of that. Reconnaissance-style traverses were also conducted at 100-meter sample spacings in peripheral areas of the Property. Samples were collected with the use of dutch soil augers, with an effort to consistently sample the same B horizon material at each sample site. The B horizon typically occurs at a depth of approximately 10-30 centimeters on the Property and comprises silt-size material with elevated levels of clay and iron and manganese oxyhydroxides. The B horizon soil is known to preferentially adsorb trace metals such as silver, lead and zinc and is often the preferred sample media in mineral exploration surveys. Following collection, the samples were bagged, dried and shipped to MSA Labs in Langley, British Columbia for analysis.

QAQC

All soil samples were prepped and analyzed at MSA Labs in Langley, British Columbia, an ISO 17025 and ISO 9001 certified laboratory. MSA Labs employs internal quality control standards, duplicates and blank samples at set frequencies. Samples were dried and sieved to -180 micron (80 mesh). Following preparation, soil assays were determined by IMS-131 method. A 25g aliquot of the prepared pulp is cold-digested with HNO3, then HCl is added, and the sample is heated at 130˚C for 40 minutes. Digestion is carried out in disposable plastic bottles to eliminate cross-contamination from digestion vessels and heated via graphite block for even heating. The resulting solution is analyzed via ICP-MS and ICP-AES for 51 elements and is corrected for inter-element spectral interferences.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved for disclosure by Donald E. Cameron, MSc, a Registered Member of the Society for Mining, Metallurgy and Exploration, Inc., a QP Member of the Mining & Metallurgical Society of America, and an independent “Qualified Person” for Bald Eagle within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). To the best of his knowledge, the technical information pertaining to the Hercules Silver Property, and discussion of it as disclosed in this news release, is neither inaccurate nor misleading. Some of the technical information presented in this news release was collected prior to the enactment of NI 43-101 standards and comprises paper records maintained by various companies that conducted exploration work on the Property. Details of the geochemical sampling methods, security, assaying, and quality control methods used in the generation of this historical technical data are unknown to Bald Eagle Gold Corp.; however, in Mr. Cameron’s opinion, the historical geochemical soil sampling results are verified by the Bald Eagle Gold Corp. sampling program for the purposes of NI 43-101.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho. The Company’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets.

For further information please contact:

Chris Paul
CEO & Director
Telephone (250) 717-3151
Email: cpaul@ridgelineexploration.com

Raymond D. Harari
President & Director
Telephone +(507) 6675-2221
Email: rdh@canaliscapital.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed “forward-looking information” with respect to the Company within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Although the Company believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that the Company maintains good relationships with the communities in which it operates or proposes to operate, future legislative and regulatory developments in the mining sector; the Company’s ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of the Company to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work, risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits, the possibility that results will not be consistent with the Company’s expectations, as well as other assumptions risks and uncertainties applicable to mineral exploration and development activities and to the Company, including as set forth in the Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF BALD EAGLE AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE BALD EAGLE MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.


[1] The reader is cautioned that rock grab samples and their respective photographs are selective by nature and may not represent the true grade or style of mineralization across the Property

[2] Sillitoe, R. H. (2010). Porphyry Copper Systems. Economic Geology, 105, 3–41.

[3] This news release contains information about adjacent properties on which Bald Eagle has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Bald Eagle Announces Closing of Approximately $2.3 Million Non-Brokered Private Placement

Toronto, Ontario, June 1, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Corporation”) (TSXV: BIG) (OTCBQ: BADEF) is pleased to announce the completion of its non-brokered private placement, as described in its news release of May 11, 2022 (the “Offering”), of 30,666,666 units of the Corporation (each a “Unit”) at a price of $0.075 per Unit for aggregate proceeds of approximately $2,300,000.

Each Unit consisted of one (1) common share in the authorized share structure of the Corporation (a “Common Share”) and one (1) common share purchase warrant of the Corporation (a “Warrant”). Each Warrant shall be exercisable to purchase one additional Common Share (a “Warrant Share”) at an exercise price of $0.11 until May 31, 2024.

In connection with the Offering, Crescat Portfolio Management LLC (“Crescat”) and certain accounts managed by Crescat collectively made a strategic investment in the Corporation of approximately $1,100,000. The Corporation granted Crescat a right to participate in future financings of the Corporation so as to allow Crescat to maintain its current equity stake on a pro rata basis (the “Participation Right”). The Participation Right terminates on the date on which Crescat’s ownership of Common Shares falls below two per cent of the then outstanding shares on a non-diluted basis.

The securities issued in connection with the Offering are subject to a four-month hold period ending on October 1, 2022 in accordance with applicable Canadian securities laws.

Certain insiders of the Corporation participated in the Offering and purchased an aggregate of 2,005,000 Units. Participation of such insiders in the Offering constituted a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), but was exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to the insiders nor the consideration paid by the insiders exceeded 25% of the Corporation’s market capitalization. None of the Corporation’s directors expressed any contrary views or disagreements with respect to the foregoing. The Corporation did not file a material change report 21 days prior to the closing of the Offering as the details of the participation of the insiders of the Corporation had not been confirmed at that time.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of the Hercules Silver Project, northwest of Cambridge, Idaho. The Corporation’s management team brings extensive and successful international experience with a focus on identifying and acquiring prospective and under-explored precious metals properties worldwide. The board of directors have an established track record of creating significant returns for investors and have demonstrated access to capital to advance the development of assets. From time to time, the Corporation may also evaluate the acquisition of other mineral exploration assets and opportunities.

For further information please contact:

Christopher Paul
CEO
Telephone: +1 604 721 7896
Email: cpaul@baldeaglegold.com

Darren Collins
CFO and Director
Telephone: +1 (786) 633-1756
Email: darren.collins@baldeaglegold.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. Any securities referred to herein have not and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws of an exemption from such registration is available.

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information in this press release may include, without limitation, the business and strategic plans of Bald Eagle.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Bald Eagle, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Bald Eagle has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Bald Eagle does not undertake to update any forward-looking information, except in accordance with applicable securities laws.