Author: investorcreative

Toronto, Ontario / August 24, 2022 – Hercules Silver Corp. (formerly Bald Eagle Gold Corp.) (“Hercules Silver” or the “Company”) (TSX-V: BIG) (OTCQB: BADEF) (FWB: 6W0) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has approved the Company’s name change from Bald Eagle Gold Corp. to Hercules Silver Corp (the “Name Change”). The Company’s common shares (the “Common Shares”) will commence trading under the name Hercules Silver Corp. today at the market opening of the TSXV.

The Common Shares will continue to trade under the same symbols on stock exchanges (TSX-V: BIG; OTCQB: BADEF; FWB: 6W0). The Common Shares will trade under CUSIP and ISIN numbers 42710L106 and CA42710L1067, respectively, following the Name Change.

The Name Change was fully described in the Company’s management information circular dated June 10, 2022, which can be accessed on the Company’s SEDAR profile at www.sedar.com, and was approved by shareholders of the Company at the Annual and Special Meeting of Shareholders held July 15, 2022.

The rebranding features a new website, www.HerculesSilver.com, where a new redesigned corporate presentation can also be found. Readers are encouraged to explore the website which features a new look and content with enhanced visuals.

Management Commentary

“We are pleased to officially begin trading today under Hercules Silver Corp., which marks the beginning of our new journey as an exciting new silver explorer in the mining-friendly state of Idaho,” said Hercules Silver CEO and director, Chris Paul. “We encourage investors to visit our newly designed website and presentation on the project.”

Exploration Update

The Company’s surface-based exploration at the 100% owned Hercules Silver Property, located in Washington County, Idaho, USA (the “Hercules Property”) is progressing well. Ongoing work includes geochemical sampling, detail mapping and planning for a property-wide 3D IP geophysical survey. The Company recently completed a follow-up soil survey on its new copper anomaly for which assays are expected imminently. Field crews are now following up on new targets generated by soil sampling with detailed chip and channel sampling of outcrops. The Hercules Property is fortunate to have very good outcrop exposure, which allows for low-cost surface sampling of the new targets. Over 1,000 rock chip samples are planned on a 50-meter grid pattern within the new targets, permitting the Company to collect widespread bedrock geochemical data on surface ahead of a drill program planned for later this year. This strategy will provide 2D geological and geochemical data for the entire surface exposure of new targets, including lithology, alteration, mineralization, as well as silver, copper, lead and zinc grades over kilometers of bedrock exposure. This ongoing field program will allow the Company to map the geology and metal grades of the surface in 2D, prior to defining the third dimension with drilling.

In addition to the widespread bedrock sampling and logging program currently underway, the Company has also engaged Specialized Geological Mapping Ltd. of Inverness, Scotland to carry out several weeks of detailed mapping. Scheduled to begin on August 25, 2022, the mapping will be focused on the key structural controls and stratigraphy controlling mineralization which will be used to form a predictive model for targeting potentially higher-grade portions of the system at depth. Alteration and mineralization will be the focus at the new copper porphyry target, to help vector towards the center of that system.

A property wide 3D induced polarization (IP) survey is scheduled to commence in late summer, subject to contractor availability. Historical IP surveys effectively correlated high chargeability values to silver mineralization at the Hercules Adit and Fishpond Zones and therefore it was selected as the geophysical method of choice for the Hercules Property. The historical IP also indicated a strong zone of chargeability coincident with the best silver-in-soil anomaly on the Hercules Property at the Grade Creek Zone. The historical IP anomaly has never been tested by drilling and remains open to the north and at depth. It will be included within the new, deeper seeking 3D survey to better define its true geometry and extent. The copper anomaly discovered this year will also be covered to investigate the potential for a large copper porphyry system. Altogether the survey will cover approximately 2,500 acres of mineralized footprint to over 600 meters of depth, an incredibly large volume of rock for an IP survey. Line lengths will be up to 5 kilometers.

About Hercules Silver Corp.

Hercules Silver 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 +1 (604) 670-5527 Email: cpaul@herculessilver.com

Qualified Person

Exploration activities at the Hercules Property are administered on site by the Company’s Vice President of Exploration, Antoine Soucy-Fradette. In accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, Donald E. Cameron, Technical Advisor to Hercules Silver Corp. and an independent Qualified Person, has reviewed and approved the technical and scientific content of this news release.

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 HERCULES SILVER 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 HERCULES SILVER 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.

Toronto, Ontario / August 18, 2022 – Hercules Silver Corp. (“Hercules Silver” or the “Company”) (TSX-V: BIG) (OTCQB: BADEF) (FWB: 6W0) is pleased to announce that it has completed its name change to reflect the recent changes in the Company’s business and exploration activities. As part of this initiative, Hercules Silver has effective as of today, amended its articles in accordance with the Business Corporations Act (Ontario) to changes its name from Bald Eagle Gold Corp. to Hercules Silver Corp. (the “Name Change”).

The Company’s common shares (the “Common Shares”) are expected to begin trading on the TSX Venture Exchange under the new name at the market open on or around August 24, 2022.

The Company will continue to trade under the same symbols on stock exchanges (TSX-V: BIG; OTCQB: BADEF; FWB: 6W0). The Common Shares will trade under CUSIP and ISIN numbers 42710L106 and CA42710L1067, respectively, following the Name Change.

The Name Change was fully described in the Company’s management information circulate dated June 10, 2022, which can be accessed on the Company’s SEDAR profile at www.sedar.com, and was approved by shareholders of the Company and the Annual and Special Meeting of Shareholders held July 15, 2022.

Hercules Silver Corp.

Hercules Silver 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 +1 (604) 670-5527 Email: cpaul@baldeaglegold.com

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 HERCULES SILVER 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 HERCULES SILVER 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.

Toronto, Ontario / August 4, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSX-V: BIG) (OTCQB: BADEF) (FWB: 6W0) is pleased to release its plans for a corporate name change to Hercules Silver Corp. to reflect the Company’s sole focus on it’s 100%-owned Hercules Silver Project in Idaho. The Company will now operate as and market itself as Hercules Silver Corp. The formal adoption of the new name remains subject to stock exchange and regulatory approvals. The Company will continue to trade under the same symbols on stock exchanges (TSX-V: BIG; OTCQB: BADEF; FWB: 6W0).

The rebranding features a new redesigned website, www.HerculesSilver.com, which launches today where a new redesigned corporate presentation can also be found. Readers are encouraged to explore the new website which features a new look and new content with enhanced visuals.

Management Commentary

“The acquisition of the Hercules Silver Project was a significant achievement for the Company and was the result of over 18 months of hard work and dedication by our team,” said CEO and director, Chris Paul. “We are excited to celebrate the Company’s evolution to becoming a silver explorer in one of the best mining jurisdictions in the world. We are proud to unveil our newly re-designed website and presentation built by TSX Marketing Inc. in connection with our rebranding and we encourage readers to visit the website and download our new presentation.” 

Name Change Detailed Information

The Company’s name change was approved by a special resolution at the Annual General and Special Meeting of the shareholders held on July 15, 2022 (for further details, please see the Company’s news release dated July 15, 2022) as well as by the Company’s board of directors. The name change remains subject to stock exchange and regulatory approvals. The Company will continue to trade under the same symbols on stock exchanges (TSX-V: BIG; OTCQB: BADEF; FWB: 6W0). Further details, including details regarding a new CUSIP number, will be included in a subsequent news release.  

Corporate Update

On July 15, 2022, the shareholders of the Company approved a new omnibus incentive plan (the “Plan”). The Plan provides for the issuance of incentive stock options (“Options”) and restricted share units (“RSUs”) to qualified directors, officers, employees and consultants of the Company.  Pursuant to the terms and conditions of the Plan, the maximum amount of the Company’s common shares (“Common Shares”) reserved for issuance under the Plan shall be limited to 29,341,745 Common Shares less any other Common Shares reserved for issuance pursuant to other securities based compensation arrangements. 

The Company has granted an aggregate of 3,500,000 Options and an aggregate of 4,000,000 RSUs to certain directors, officers, employees and consultants of the Company. The Options and RSUs were granted in connection with the Company’s annual compensation review and pursuant to the Company’s omnibus incentive plan approved by shareholders of the Company on July 15, 2022. The Options have an exercise price of $0.09 and vest in twenty-five percent (25%) increments each six (6) months. The Options are exercisable for a period of 5 years from the date of the grant thereof. Two (2) million RSUs vested immediately and two (2) million RSUs will vest in twenty-five percent (25%) increments each six (6) months.

Furthermore, the Company announced the resignation of its President and Director, Raymond Harari. The Company thanks Mr. Harari for his efforts and wishes him all the best in his future endeavours.

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 +1 (604) 449-6819 Email: cpaul@baldeaglegold.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.

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.

• 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.

• 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

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).

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))

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-SoilFigure 3: 2021 and Historical Copper-in-Soil

Figure 4: 2021 Gold-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.

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.

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.

Table 1 – Select Historical Trench Results – Big Cut and Surrounding Prospects

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.

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[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.

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.

Toronto, Ontario / May 16, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCBQ: BADEF) (FSE: 6W0) is pleased to announce the appointment of Luis da Silva as Chairman of the Board of Directors. Mr. da Silva replaces Peter Simeon who will remain a director in the Company.

Luis Cabrita da Silva, 51, is an experienced metals and mining executive and director having served as CEO of listed companies and at a senior level in multinationals.  Mr. da Silva has a proven track record in value creation for shareholders by forging relationships and managing complex entities with large, international joint venture partners. Between 2007 and 2013, Mr. da Silva presided over the restructuring of Mano River Resources Inc resulting in the formation of Aureus Mining Inc (TSXV/AIM, gold producer), Afferro Mining Inc (TSXV/AIM, iron ore) and Stellar Diamonds Ltd (now Newfield Resources, ASX). Mr. da Silva served on the Board of all three companies and was instrumental in strategy development and multiple financings. Between 2014 and 2018, Mr. da Silva was President and CEO of GB Minerals Ltd (TSXV, phosphate) until its acquisition by Castlelake, L.P./Itafos. Through 2018 to 2021, Mr. da Silva co-founded Ambercon International Holdings, a private resources company.  During that period, Andean Precious Metals Corp (silver producer, TSXV) was listed and Mr da Silva was President and CEO until September 2021. He is a graduate Mining Engineer from the Camborne School of Mines and received his M.B.A. from the Cranfield School of Management.

“I am delighted to welcome Luis as Chairman of our Board,” commented Chris Paul, Chief Executive Officer of Bald Eagle. “Mr. da Silva is a seasoned mining engineer, with a strong capital markets background and a track record of advancing major exploration and development companies and will add tremendous value to our organization.”

Mr. da Silva commented: “Having spent recent months familiarising myself with the team and the Hercules project, I am delighted to be involved with the Company and assist in its growth and development.  The opportunity to use the historical platform is tangible.  Combined with a new capital injection to commence drilling, we look forward to updating shareholders as we redefine Hercules.”

Stock Options

Bald Eagle also announces that it has granted 3,500,000 incentive stock options (the “Options”) to Luis da silva, with an effective date of May 1, 2022. These Options will vest in three tranches over 12 months and will allow the purchase of common shares in the Company at a price of $0.09 per share, for a period of up to five (5) years from the effective date. 

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a 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

Or visit our website: www.baldeaglegold.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 or 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. 

Toronto, Ontario, May 11, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Corporation”) (TSXV: BIG) (OTCBQ: BADEF) is pleased to announce that it is undertaking a non-brokered private placement for aggregate gross proceeds of up to $2,300,000 (the “Offering”).

Pursuant to the Offering, the Corporation may issue up to 30,666,667 units of the Corporation (“Units”) at a price of $0.075 per Unit. Each Unit will be comprised of one common share of the Corporation (a “Common Share”) and one Common Share purchase warrant of the Corporation (a “Warrant”). Each whole Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.11 for a period of two years from the closing of the Offering. All securities issued under the Offering will be subject to a four month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

The Corporation is also pleased to welcome Crescat Capital LLC (“Crescat”) as a lead strategic investor in the Offering. Crescat has agreed to purchase a total of 14,666,667 Units for gross proceeds of $1,100,000 (the “Crescat Investment”). Following completion of the Crescat Investment, Crescat has also been granted the right to participate in future financings of the Corporation so as to maintain its pro-rata interest (the “Participation Rights”). The Participation Rights will remain in effect as long as Crescat holds greater than 2% of the total issued and outstanding Common Shares.

Chris Paul, CEO and Director of the Company, commented: “We are happy to welcome Crescat Capital as a strategic shareholder and our first institutional investor in the Corporation. Crescat’s participation provides a strong vote of confidence in the Hercules Silver Project, as well as our team’s ability to explore and develop a high-grade silver asset within the underexplored silver jurisdiction of Idaho. We look forward to announcing our exploration plans for the project very soon, which is now backed by a fresh injection of capital and a new strategic shareholder.”

Quinton Hennigh, Geological and Technical Director for Crescat commented: “The Hercules Silver Project shows the characteristics of a large carbonate replacement deposit (CRD) system, which was never recognized by historical operators when the project was active during the 1960s-1980s. Over 300 shallow historical holes were drilled across the project, with strong silver, lead and zinc grades over significant intervals, demonstrating the presence of a robust mineralized system. The mineralized zones, defined only by shallow historical drilling, appear wide open for expansion, with very strong silver-in-soil grades along strike, over a total of 3.5 kilometers on surface. A new soil discovery announced this year looks to now extend the strike length of the mineralized host unit, underneath post-mineral basalt cover, to over 5.5 kilometers. Further encouragement is given by a 2-kilometer-long copper-gold-molybdenum soil anomaly, also newly-discovered this year, with individual soil grades ranging up to 3,000 ppm copper. The new porphyry-style copper anomaly may represent the high-level expression of an undiscovered porphyry system and feeder to the high-grade silver-lead-zinc CRD mineralization on the property. We are excited to be early investors in what appears to be a very large porphyry copper-CRD system at Hercules and look forward to working together with the Bald Eagle team on developing a drill plan for the upcoming exploration season.”

The proceeds of the Offering are anticipated to be used for exploration purposes, to test carbonate replacement deposit targets, test for a deeper porphyry target if permitting is approved, and for general working capital. Insiders of the Corporation may participate in the Offering. Bald Eagle does not anticipate paying any finder’s fees in connection with the Offering at this time.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The closing of the Offering is expected to occur on or about May 24, 2022 and remains subject to receipt of all necessary regulatory approvals including acceptance for filing by the TSX Venture Exchange.

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 & 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; however, the technical information presented in this news release was collected prior to the enactment of NI 43-101 and comprises paper records maintained by various companies that conducted exploration work on the Property. Details of the sampling methods, security, assaying, and quality control methods used in the generation of this historical technical data are unknown to Bald Eagle Gold Corp., and the results discussed herein cannot be, and have not been verified by Mr. Cameron for the purposes of National Instrument 43-101 and should not be relied upon.

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.

For further information please contact:

Christopher Paul
CEO and Director
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.

Disclaimer for Forward-Looking Information

This news release contains certain information that may be deemed “forward-looking information” with respect to the Corporation within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the Corporation’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 Corporation 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 Corporation maintains good relationships with the communities in which it operates or proposes to operate; future legislative and regulatory developments in the mining sector; the Corporation’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 Corporation 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 Corporation’s expectations; as well as other assumptions, risks and uncertainties applicable to mineral exploration and development activities and to the Corporation, including as set forth in the Corporation’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.

Toronto, Ontario / April 19, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCQB: BADEF) (FSE: 6W0) is pleased to announce the appointment of Dr. Tom Henricksen, B.Sc., Ph.D. to its Board of Advisors. Dr. Henricksen is an exploration geologist with five decades of field experience and was the 2018 recipient of the Association for Mineral Exploration of British Columbia’s Colin Spence Award for Excellence in Global Mineral Exploration. Dr. Henricksen received this prestigious award in recognition of his outstanding contributions to mineral exploration, and for his involvement in a multitude of significant global discoveries over the course of his career. Dr. Henricksen holds a B.Sc. in Geology from the University of Wisconsin, and a Ph.D. in Economic Geology from Oregon State University.

Dr. Henricksen has worked on 40 mineral exploration projects across various stages of development, spanning 14 countries and 6 continents. Most notably, he brings with him an intimate knowledge of the Company’s flagship Hercules project, which was the basis of his Ph.D. thesis in 1974.

In 1983, he and his US Borax team discovered the Rock Lake stratiform copper-silver deposit in western Montana, eventually outlining approximately 150 Mt of 0.7% copper and almost 2 opt silver, in a Precambrian quartzite hosted deposit, now being developed by Hecla Mining Corp.

In 2003, he and his Rio Tinto crew in Peru acquired and explored the Corani silver polymetallic and Ollachea gold properties, both currently being developed for production.

In 2004 and 2005, Dr. Henricksen led the exploration team for Norsemont Mining in the development of the Constancia porphyry copper project in Peru, which eventually sold to Hudbay Minerals Inc. and is now in production.

He served as senior field geologist for Apoquindo Minerals Inc., which in 2006 won a bid from Teck Resources to explore and develop the Zafranal copper-gold deposit in Peru, resulting in the discovery of a 400 million tonne resource.

In 2009, he and his associates Frank Duval and David Elliott, formed Midas Gold Corp. to acquire the Yellowpine gold-antimony project in Idaho, which Tom subsequently developed into a 130 Mt resource at 1.6 g/t gold. The project is now currently being developed for production by Perpetua Resources.

In 2012, Dr. Henricksen served as Vice President of Exploration for Aegean Metals Group Inc., and led the senior field team in identifying, evaluating, and ultimately acquiring two high-grade gold-copper prospects, the Hod Maden and Ergama deposits in Turkey. Hod Maden is currently on pace to become one of the most important producing mines in the region; a November 2021 Feasibility Study demonstrated the robust economic potential of a low-cost operation producing approximately 200k ounces of gold per year over a 13-year mine life, with an after-tax net present value of US$1.05B, 2-year payback period, and an IRR of 36% .

Tom has reviewed and evaluated numerous orogenic gold opportunities in Africa from 2013 to 2021, including the private Karakani project now being explored in Guinea.

In 2014, Dr. Henricksen entered into negotiations to acquire the Hercules project on behalf of a major mining corporation which he was consulting for at the time. Tom had worked on the Hercules project almost 40 years earlier and recognized the Jurassic-aged volcanic rocks which occur in a similar geological setting to that of many of his past discoveries. Despite numerous attempts to acquire the project, a tenable deal could not be reached between parties at the time. Tom’s appointment to Bald Eagle’s Board of Advisors will allow him to apply his extensive knowledge of Jurassic-aged volcanic precious metals deposits towards the advancement and development of the Hercules project.

“I am delighted to welcome Tom to our Board of Advisors,” commented Chris Paul, Chief Executive Officer of Bald Eagle. “Dr. Henricksen is a brilliant geologist and brings a track record of major exploration success to the Company, having made multiple high-grade precious metal discoveries around the world. More specifically, Tom has in-depth knowledge of the Hercules project, its history, and its geological potential, having completed his Ph.D. on the subject in 1974. I have no doubt that the tremendous success that has followed Tom throughout his career – combined with his specific knowledge of the Hercules project – makes him the ideal candidate to bolster our technical team and unlock value for Bald Eagle shareholders.”

Dr. Tom Henricksen commented: “I have followed this project for a long time and I’m thrilled to be able to contribute a geological understanding of the district, towards the Company’s modern and systematic approach to exploration. The Bald Eagle team has done an exceptional job in consolidating a highly prospective land package, and I’m excited that it is finally receiving the attention it deserves. Experience has shown me that Jurassic-aged volcanic belts, such as those present at Hercules, are often very well-endowed with gold and silver. I look forward to the upcoming summer drill campaign, alongside the new and ambitious team, and 5 decades more experience under my belt.”

Stock Options

Bald Eagle also announces that it has granted 1,000,000 incentive stock options (the “Options”) to advisors and consultants of the Company, with an effective date of March 28, 2022. These Options vest immediately and will allow holders to purchase common shares in the Company at a price of $0.09 per share, for a period of up to five (5) years from the effective date.

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

Or visit our website: www.baldeaglegold.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 or 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.

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