Author: investorcreative

• High-grade silver-in-soil up to 305 ppm (8.9 ounces per short ton)
• Consolidation of district through the acquisition and staking of an additional 2,116 acres, bringing total contiguous land position up to 4,256 acres.
• New soil sampling verifies historically reported soil survey values of silver, lead and zinc.
• New high-grade zone discovered below cover increases total strike length to over 5.5 kilometers.
• Largest and highest-grade soil anomalies remain untested at Belmont South and Grade Creek; Future drill programs to test these targets.

Toronto, Ontario / March 24, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCBQ: BADEF) (FSE: 6W0) is pleased to report new zones of high-grade silver, lead and zinc values in soil samples. These discoveries were made during a regional geochemical sampling program at the Company’s 100% owned Hercules Silver Project in the Heath Mining District of Idaho (“Hercules”, or the “Property”). Figures 1-4 illustrate the combined historical and 2021 sample results for silver, zinc, lead and manganese.

Subsequent to the acquisition of the Property, the Company acquired the neighbouring Leviathan property and staked additional ground covering a total contiguous land position of 4,256 acres. Following this district-scale land consolidation, the Company conducted a regional geochemical sampling program, which consisted of 1,575 soil samples across the current and expanded land package. The program comprised confirmation sampling over a 640-acre historical survey grid and also over the full 4,256-acre consolidated project area. The new sampling verified strongly anomalous silver values reported by historical operators in the 1970’s and 1980’s. Additionally, it discovered an important extension of the silver-lead-zinc bearing Hercules Rhyolite over 2.6 kilometers southeast of the Belmont Zone. This extends the total strike length to upwards of 5.5 kilometers of favorable high-grade silver host rock, materially increasing the exploration potential of the Property. This newly acquired information, together with the 3D model comprising approximately 300 historical drill holes, will provide the Company with the key information needed to design its future drilling plans.

Management Commentary

Chris Paul, CEO and Director of the Company, comments: “Our new sampling results highlight the scale of silver mineralization at Hercules and demonstrate the potential for high grade mineralization far beyond the limits of historical drilling. These are very high soil geochemical values. 1,063 of 3,397 historical and 2021 soil samples grade 5.0 ppm or higher across the 4,256-acre consolidated project area. Continuous zones of strong silver grades in historical drilling at the Hercules Adit and Fishpond Zones are associated with soil anomalies of up to 1 ounce per ton silver (35 ppm), while several multi ounce silver in soil anomalies remain to be tested elsewhere on the Property. South of the Belmont Zone, a cluster of soil samples on the order of several hundred ppm remains to be adequately drill-tested. A 600 meter long coincident IP geophysical and soil anomaly between Hercules Ridge and Grade Creek currently represents the largest untested soil anomaly on the Property, with values consistently exceeding 1 ounce per ton silver (35 ppm). Finally, the new high-grade soil discovery 2.6 kilometers southeast of Belmont brings the total target strike length on the Property to 5.5 kilometers and demonstrates the significant scale of silver mineralization at Hercules.

Select High-Grade Soil Samples

The 2021 and historical soil programs cover areas disturbed by previous exploration and mining activities; and as a result, some values may be upgraded or downgraded in these areas to an extent which is difficult to quantify. Silver geochemical values from the 2021 survey range from nil to a high of 305 ppm. The table set forth on the following page highlights some of the select historical and 2021 soil samples returned from the Project.

In addition to the strong silver values ranging up to 8.9 troy ounces per ton (305 ppm), the 2021 soils also contain high values of zinc up to 20,470 ppm (~2%), lead up to 8,260 ppm (~0.8%), manganese up to 38,571 ppm (~3.9%), copper up to 3,175 ppm (~0.32%), and molybdenum up to 38 ppm, spanning a total strike length of 5.5 kilometers, and highlighting the large and high-grade nature of the carbonate replacement deposit (CRD) style mineralization at the Project. The closest analogy to the style of mineralization is the Hardshell deposit, part of the Hermosa-Taylor CRD deposit in Arizona. This asset was purchased in 2018 by South32 Limited from Arizona Mining Corp. in a cash deal valued at C$2.1 billion.

Figure 1: 2021 and Historical Silver-in-Soil

Figure 2: 2021 and Historical Zinc-in-Soil

Figure 3: 2021 and Historical Lead-in-Soil

Figure 4: 2021 Manganese-in-Soil

High-Grade Silver in Soil Values Confirmed

Strong silver-lead-zinc values reported in historical soil samples between the Belmont and Grade Creek Zones on the Property, which reach up to 605 ppm silver (17.6 troy ounces per ton) in soil have now been confirmed by the Company. The 2021 regional geochemical survey overlaps the historical grid area and confirms the high-grade values reported historically, with 20 soil samples grading over one troy ounce per ton (35 ppm) and 96 samples grading over 10 ppm in soil. Where they overlap, the program results for silver, lead and zinc were compared with a MicromineTM paired data analysis, producing scatterplots that demonstrate comparable results in each campaign. While the expected and actual variances of individual samples is high, anomaly contours separately generated with each campaign are also broadly coincident.

Figures 1-4 illustrate the combined historical and 2021 sample results for silver, lead, zinc and manganese. The favourable rhyolite host unit responsible for the strong soil grades remains open under cover in both directions, with a major new discovery of outcropping rhyolite now revealed 2.5 kilometers to the southeast, where erosion has partially removed the overlying basalt cover.

Hercules Rhyolite Extension Discovered 2.5 Kilometers to the Southeast

Silver-lead-zinc-manganese mineralization has previously been defined as far southeast as the Belmont Zone, which returned historical drill intercepts of up to 62.5 meters of 70.1 ppm silver and 0.14% zinc in hole 84-4. A north-south trending zone of mineralization was discovered in the final two years of historical drilling at the Belmont Zone in 1983 and 1984. Despite strong silver intercepts in the discovery holes, depressed silver prices at the time precluded any further drilling. The best soil anomaly at Belmont South remains untested, including both historical and 2021 soil sample values grading up to 165 ppm, 168 ppm, 224 ppm, 305 ppm, and 604 ppm (~17.6 ounces per ton in soil).

Southeast of the Belmont Zone, post-mineral cover had precluded any further exploration drilling along strike. However, in late 2021, a reconnaissance soil sampling line detected the geochemical signature of the favourable host rhyolite, with high-grade lead-zinc-manganese. This is approximately 2.5 kilometers to the southeast of Belmont. The new discovery is exposed only by a small and discrete erosional window through the basalt, which went completely undetected by all previous workers. Soil samples over the new discovery returned zinc values of up to 20,470 ppm (~2%), lead up to 8,260 ppm (~0.8%), silver up to 1.8 ppm and manganese up to 20,501 ppm (~2%), evidencing the characteristic rhyolite-hosted CRD style signature of mineralization on the Property. The discovery adds a minimum of 2.5 kilometers of completely untested strike and likely continues well southeast from its discrete surface exposure.

Best Target on the Property at Grade Creek Remains Untested

The Grade Creek target is situated in the north of the project area where the Hercules Rhyolite dips below the overlying Brownlee sedimentary rock cover. Some of the strongest silver-in-soil grades on the Property occur at Grade Creek, ranging up to 130 ppm with 14 samples over 50 ppm silver-in-soil. New sampling also returned the strongest zinc value ever taken from a soil sample on the Property, returning 28,230 ppm (~2.8%) zinc. Grade Creek also returned the highest manganese value of 38,571 ppm (~3.9%), as well as lead values of up to 5,200 ppm (~0.52%) and copper values of up to 1,200 ppm (0.12%), all of which are closely associated with silver mineralization on the Property. The new sampling demonstrates that the strongest soil grades and best targets on the Property remain to be tested. The Hercules Rhyolite is open to the northeast of Grade Creek, where it trends under Brownlee sedimentary rock cover.

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 further reaching areas of the Property. Samples were collected with the use of dutch soil augers, with an effort made to consistently sample the same B horizon material at each sample site. The B horizon typically occurs at approximately 10-30 centimeters depth on the Property and is composed of 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, BC for analysis.

QAQC

All soil samples were prepped and analyzed at MSA Labs laboratory in Langley, B.C. MSA Labs inserts 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 enactment of NI 43-101 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 sampling results are verified by the Bald Eagle Gold Corp. sampling program for the purposes of National Instrument 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

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 / March 9th, 2022 – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCBQ: BADEF) (FSE: 6W0) Is pleased to announce that Goldspot Discoveries Corp. (“Goldspot” or “Goldspot Discoveries”) has completed a three-dimensional (3D) geological model for the Hercules Silver Project located in the Heath Mining District of Washington County, Idaho (“Hercules”, or the “Property”). The model incorporates the recently digitized historical exploration and drilling data, including over 300 historical drill holes, soil sample geochemistry, geological mapping, cross-sections, IP geophysics, and government Light Detection and Ranging (LiDAR) imagery. A fly-by video showcasing the mineralization, geology, geophysics and soil geochemistry in 3D has been posted to the Company’s website and can be found through the following link:

https://youtu.be/84phnNm5Fmg

Geological Model

Higher-grade mineralization is hosted at the lower contact of the Hercules Rhyolite (shown in pink on Figure 1) with the underlying andesite unit (shown in green on Figure 1). Modelling these important units in 3D allows for the visualization of the structurally complex contact between the units, which can be used to precisely target the bottom of the mineralized horizon in upcoming drill campaigns.

The geological model incorporates data from both historical 2D surface geology maps and cross-sections as well as lithological information from over 300 historical drillholes. In addition to its use in targeting extensions of the mineralized zones, the model reveals many historical drill holes which were in fact terminated short of the important mineralized lower horizon.

Block Model

A block model of the historical silver mineralization was developed by Goldspot Discoveries using kriging methods in Seequent Leapfrog software. Goldspot’s modelling team applied trends to the data which connect the mineralized intercepts between historical drill holes. The resulting model indicates that mineralization dips to the northwest at the Hercules Adit and to the southwest at Fishpond. These dips are consistent with a northwest-plunging fold hinge, as observed in the Hercules Rhyolite on surface. The hinge area of the interpreted fold has not been tested by historical drilling. Downdip extensions of the interpreted limb regions remain open as well, as indicated on Figure 2.

The block model provides the first-ever 3D visualization of silver mineralization defined by historical drilling on the Property. The model will be used to guide the planning of a 2022 drill program which will be aimed at testing the down-plunge extensions at the Fishpond and Hercules Adit zones, as well as confirming important historical intercepts. Provided the confirmation drilling and other planned technical work programs verify the historical results, the Company intends to use the data in the estimation of a mineral resource for the Property under current CIM definitions and utilizing current industry best practices.

Induced Polarization (IP) Geophysical Data

Two historical IP geophysical surveys were conducted on the Property, one of which highlighted a large region of anomalous chargeability in the northeastern portion of the Property, which has not previously been drill tested (Figure 3). Earlier this year, SJ Geophysics was engaged to digitize the raw 2D IP and resistivity data from both surveys and run modern 3D inversion algorithms on the data. The resulting chargeability and resistivity models were incorporated into the Leapfrog model (Figure 3). Anomalous chargeability values correlate with known mineralization at the Hercules Adit and form a halo that surrounds and overlaps the mineralization at Fishpond. The strongest and largest chargeability anomaly occurs in a region between the Hercules Ridge and Grade Creek zones, which was not previously drill tested by truck mounted rigs, due to the relatively steep terrain. The untested IP anomaly is also coincident with the strongest silver-in-soil anomaly and provides a high priority exploration target (Figure 4).

The historical IP surveys cover just a small portion of the Property between the Fishpond/Hercules Adit and Grade Creek zones. The Haystack, Belmont and extensive portions of the host Hercules Rhyolite remain to be surveyed.

Management Commentary

Chris Paul, CEO of Bald Eagle, comments: “We are very pleased with the resulting 3D model developed by Goldspot Discoveries. Being able to visualize the geometry of the mineralization in three dimensions is helping greatly with our 2022 drill planning. When working with such a large volume of historical drill assay data, the modern 3D software provides an excellent tool for understanding the geometry of the mineralization and targets for expansion. The ability to overlay drilling, geology, geophysics and surface geochemistry data in three dimensions provides us with a powerful drill planning tool, which was not available to the past operators in the 1960’s, 70’s and 80’s.”

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 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, February 28, 2022 – Bald Eagle Gold Corp., (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCBQ: BADEF) is pleased to report that it has completed an extensive historical data compilation for the Company’s recently acquired Hercules Silver Property located in the Heath Mining District of Washington County, Idaho, USA (“Hercules”, or the “Property”). The historical data comprises IP geophysics, soil geochemistry, geological mapping, and 301 holes drilled on the Property from the period 1965 to 1988. The data was scanned from physical drill logs, maps and reports which were held in storage for over 30 years by the Hercules’ former project geologist. The scanned information has been imported into a digital database where all of the exploration data on the Property is now stored.

Historical Drilling Data

The geological information as well as the silver, lead and zinc analyses for 301 drill holes on the Property was digitized from paper logs into an Excel spreadsheet format. The Company has also engaged Goldspot Discoveries Corp. to utilize the historical drill data to develop a 3D model of the geology and mineralization on the Property, with a specific focus on the mineralization within two historical resource areas at the Hercules Adit and the Fishpond Zones. The historical geophysical and surface geochemical information will also be incorporated into the model and used in the planning of the Company’s 2022 drill program on the Property.

IP Geophysical Data

Two historical IP geophysical surveys were conducted on the Property, one of which was not followed up with drilling. The chargeability data shows a good correlation with the known mineralization at the Fishpond and Hercules Adit zones and suggests a good degree of continuity within undrilled regions between the mineralized zones. The strongest chargeability anomaly occurs in an untested area between the Hercules Ridge and Grade Creek zones, an area that also exhibits the strongest silver-in-soil anomaly on the Property.

Soil Geochemistry Data

Silver, lead, zinc and copper data was digitized from two historical soil geochemical surveys conducted over the known zones of mineralization. The results demonstrate a very high background concentration of silver within the host Hercules Rhyolite unit, with individual values of up to 605 g/t Ag (17.6 oz/t) in soil. A strong copper anomaly of over 1,000 ppm copper also occurs over the Hercules Ridge-Grade Creek target area, suggesting the potential for nearby porphyry copper mineralization.

Historical Mapping

Several iterations of geological mapping were conducted during the 1960’s through to the 1980’s period. The Company has digitized all of the historical mapping efforts and plans to use the historical information to help guide a 2022 mapping program, focused on defining the extent of the mineralized Hercules Rhyolite unit.

Management Commentary

Chris Paul, CEO and Director of Bald Eagle, commented: “We are excited to have completed the extensive historical data compilation on the Hercules project, and recovered nearly all of the exploration data ever collected on the Property. The replacement cost of the numerous mapping, geophysical and geochemical and drilling programs on the Property is estimated to be on the order of several tens of millions of dollars. When factored into the total acquisition cost of less than half a million dollars for a 100% interest in the project, we consider this compilation to be a very significant development, as we look forward to continuing to firm up our drill plan for 2022.”

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; however, the technical information presented in this news release was collected prior to 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 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

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 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, Feb. 22, 2022 /CNW/ – Bald Eagle Gold Corp., (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCBQ: BADEF) is pleased to announce that its common shares have been accepted for listing on the Frankfurt Stock Exchange and commenced trading on February 21, 2022 under the symbol (WKN: A3DEW9) (FSE: 6W0). Additionally, The Company has retained Integral Wealth Securities (“Integral”) to provide market-making services in accordance with TSX Venture Exchange policies. Integral will trade shares of the Company on the TSX Venture to maintain an orderly market, improve the liquidity of the Company’s shares and provide the Company with market intelligence.

Under the terms of the agreement, Integral will receive a $6,000/month cash fee for a minimum period of three (3) months. After the three (3) months, the agreement may be terminated by the Company at any time upon 30 days’ written notice.

The Company and Integral are unrelated entities. Integral has no present, direct or indirect interest in the Company or its securities. There are no performance factors in the agreement, and Integral will not receive shares or options as compensation. Integral is a member of the Investment Industry Regulatory Organization of Canada (“IIROC”). Accordingly, Integral can access all Canadian Stock Exchanges and Alternative Trading Systems.

About Integral Wealth Securities

Integral Wealth Securities is a full-service securities dealer engaged in wealth management, market making, and investment banking with offices in Toronto, Ottawa, Calgary, Vancouver, Kitchener-Waterloo, Burlington, Sidney and Nanaimo.

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.

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.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news 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, statement and information regarding closing of the Transaction and the future operating or financial performance 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.

For further information: 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

TORONTO , Feb. 10, 2022 /CNW/ – Bald Eagle Gold Corp. (TSXV: BIG) (OTCBQ: BADEF) (” Bald Eagle ” or the ” Corporation “) is pleased to announce today that it has filed on SEDAR a technical report (the ” Technical Report “) pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (” NI 43-101 “) for its Hercules Silver Project located within the under-explored Cuddy Mountain mining district in West Central Idaho.

The Technical Report, titled “Technical Report for the Hercules Silver Project, Washington County, Idaho , USA” was independently prepared for Bald Eagle by Mr. Donald E. Cameron , P.Geo, LG, SME-RM of Cameron Resource Consulting, LLC, an independent and “Qualified Person” under NI 43-101 (the ” Author “). The Technical Report is dated February 9 th , 2022, with an effective date of November 15, 2021 , and has been filed on the Corporation’s profile on SEDAR at www.sedar.com and is also available on Bald Eagle’s website at www.baldeaglegold.com .

Chris Paul , CEO of Bald Eagle, commented: “We are pleased to have published a Technical Report on our newly acquired Hercules Silver project in Idaho . This Technical Report is the culmination of many months of digitization and in-depth research, involving the review of several hundred historical reports on the project. This report, which was prepared by Mr. Donald E. Cameron , P.Geo, LG, SME-RM, provides a comprehensive overview of all aspects of the project. We encourage all interested investors who would like to learn more about the project and its history to download the report which is now available on SEDAR.”

The technical information contained in this news release was reviewed and approved by Mr. Donald E. Cameron, P.Geo, LG, SME-RM of Cameron Resource Consulting, LLC (CRC), a “Qualified Person” as defined by NI 43-101. Mr. Cameron has 45 years of experience working in exploration and mining of precious and base metals on five continents. He has served in the capacity of Chief Geologist at the Cannon Mine for Asamera Minerals, Inc., Chief Geologist for Hecla Mining Company, Chief Geologist– Operations for Bema Gold Corp. and as Director of Technical Services, Russia and South America for Kinross Gold Corp. Since 2011, Mr. Cameron has carried out diverse assignments for several junior and major companies, including district mapping, drill planning, resource estimation, audit and due diligence, and ongoing support for new small and major mines through his company, CRC. Through CRC, he is the developer of the StopeCalc TM app for underground mine grade control.

Neither the TSX Venture Exchange (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.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining corporation 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.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Simeon

Chairman of the Board & Director

Bald Eagle Appoints Chris Paul as Chief Executive Officer, Antoine Soucy-Fradette as Vice President of Exploration and Peter Simeon as Chairman of the Board

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/

TORONTO, Jan. 25, 2022 /CNW/ Bald Eagle Gold Corp. (“Bald Eagle” or the “Corporation”) (TSXV: BIG) (OTCBQ: BADEF) announces the appointment of Christopher Paul as Chief Executive Officer of the Corporation. Mr. Paul holds a B.Sc. in Geology from Simon Fraser University and a Diploma in Mining & Mineral Exploration Technology from the British Columbia Institute of Technology. He is the Principal and Founder of Ridgeline Exploration Services, a technical services company which was acquired by Goldspot Discoveries Corp. in 2021. Raymond Harari will step down as Chief Executive Officer and will continue as President of the Corporation.

In addition, Antoine Soucy-Fradette has been appointed as VP Exploration of the Corporation. Antoine holds a B. Eng. In Geological Engineering from Laval University and brings strong precious metals experience to the Company, with previous success ranging from Greenfields to Brownfields exploration projects throughout Quebec, Ontario, the Yukon Territories and British Columbia. Antoine was fundamental in the exploration, development, and advancement of the Bralorne Gold Project in British Columbia, with resources of over half a million ounces of gold.

Chris Paul stated: “I’m very excited to be joining Bald Eagle’s management team, alongside Antoine Soucy-Fradette as we look to lead the exploration and development of the Company’s newly acquired Hercules Silver project in Idaho. The recent acquisition gives the Company strong leverage to a rising silver price environment at a time when inflation is forecasted to remain high for the foreseeable future. Idaho was ranked 9th in the world in the Fraser Institute’s Mining Attractiveness Index and #1 in the Policy Perception Index. Bald Eagle is uniquely positioned with 100% ownership in one of the few pure-play silver projects available on the market. The project’s strong historic results and politically favourable location provide a rare opportunity, of which I am very excited to be a part of.”

Furthermore, Peter Simeon, a current director of the Company, has been appointed Chairman of the Board.

The Corporation also announces the grant of 1,700,000 restricted share units (“RSUs”) to a senior officer of the Corporation pursuant to the Corporation’s restricted share unit plan which was approved by shareholders on February 12, 2021 (the “RSU Plan”). The RSUs will vest immediately. Upon vesting, the RSUs entitle the holder to payment in cash or common shares in the capital of the Corporation, or a combination thereof, in accordance with the RSU Plan.

The Corporation also announces the grant of 1,200,000 incentive stock options (“Options”) to an officer of the Corporation pursuant to the Corporation’s incentive stock option plan which was approved by shareholders on February 12, 2021 (the “Option Plan”). Twenty-five per cent (25%) of the Options will vest in six (6) months and 25% every six (6) months thereafter

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. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.

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 vesting of RSUs and Options 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 to update any forward-looking information, except in accordance with applicable securities laws.

For further information: please contact: Raymond D. Harari, President and Director, Telephone: +507 6675-2221, Email: rdh@canaliscapital.com, Darren Collins, CFO and Director, Telephone: +1 (786) 633-1756, Email: darren.collins@baldeaglegold.com

TORONTO , Jan. 18, 2022 /CNW/ – Bald Eagle Gold Corp. (” Bald Eagle ” or the ” Corporation “) (TSXV: BIG) (OTCQB: BADEF) announces today that Mr. Sidney Himmel has resigned from the board of directors of the Corporation in order to pursue other interests. The board has accepted his resignation. The Corporation thanks Mr. Himmel for his valuable contributions and wishes him great success in his future endeavors.

As a result of these announced changes, the Board will be composed of Raymond D. Harari , Darren Collins , Peter Simeon , Nicholas Tintor and Christopher Paul . The senior operating executives of the Company will be Mr. Raymond D. Harari as Chief Executive Officer and President and Darren Collins as Chief Financial Officer.

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. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.

ON BEHALF OF THE BOARD OF DIRECTORS

Raymond D. Harari

CEO, President & Director

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.

TORONTO, Nov. 29, 2021 /CNW/ – Bald Eagle Gold Corp., (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCBQ: BADEF) announces that further to the Company’s press release dated November 16, 2021, the Company has closed the acquisition of a 100% interest in the Leviathan Property located in the Heath Mining District of Washington County, Idaho, USA (the “Property”). The Property is located immediately east of and adjoins the Company’s recently acquired Hercules silver property. The Company acquired (the “Transaction”) the Property by purchasing all of the issued and outstanding common shares of Frontier Metals Canada Holdings Corp. (“Frontier Canada”).

Frontier Canada is a private company existing under the laws of British Columbia. In connection with the Transaction, the Company issued to the holders of the common shares of Frontier Canada (the “Vendors”) 10,000,000 common shares of the Company at a deemed price of $0.045 per share and entered into a net smelter return royalty agreement granting the Vendors a perpetual two percent (2.0%) royalty relating to all production from the Property.

In connection with the closing of the Transaction subject to approval of the TSX Venture Exchange, the Company has appointed Christopher Paul to the Board of Directors of the Company (the “Board”).

Mr. Paul holds a B. Sc. in Geology from Simon Fraser University, 2014, and a Diploma in Mining & Mineral Exploration Technology, 2011, from the British Columbia Institute of Technology. Mr. Paul is a Principal and Founder of Ridgeline Exploration, a technical services company which was recently acquired by Goldspot Discoveries Corp. He has served in numerous senior exploration management roles including most recently as the Vice President of Exploration for Golden Ridge Resources Ltd. where he was fundamental in the discovery of the Williams copper gold porphyry in the Golden Triangle region of British Columbia.

Corporate Update

The Company is pleased to announce that Mr. Raymond Harari has been appointed Chief Executive Officer of the Company and Mr. Sidney Himmel has been appointed Chairman of the Board. Mr. Harari will continue as the President of the Company and as a member of the Board and Mr. Himmel has stepped down as Executive Chairman of the Company. The Company further announced that it has filed its financial results for the three and nine months ended September 30, 2021. Additional information concerning Bald Eagle’s consolidated financial statements and related management’s discussion and analysis for the three and nine months ended September 30, 2021 can be found at on SEDAR at www.sedar.com.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metal 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.

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, statement and information regarding the future operating or financial performance of Bald Eagle and approval of the TSX Venture Exchange of appointment of Mr. Paul as the new director 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.

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

Toronto, Ontario, November 16, 2021 – Bald Eagle Gold Corp., (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCBQ: BADEF) announces that the Company has entered into a share purchase agreement (the “Share Purchase Agreement”) to acquire a 100% interest in the Leviathan Property located in the Heath Mining District of Washington County, Idaho, USA (the “Leviathan Property”, or the “Property”). The Property is composed of sixty-five unpatented mineral claims. The Leviathan is located immediately east of and adjoins the Company’s recently acquired Hercules silver property (“Hercules” or the “Hercules Property”).

The Company will acquire the Property (the “Transaction”) by purchasing all of the issued and outstanding common shares (the “Frontier Shares”) of Frontier Metals Canada Holdings Corp. (“Frontier Canada”). Frontier Canada is a private company existing under the laws of British Columbia. The holders of the Frontier Canada shares (the “Vendors”) are at arm’s length to the Company.

Closing of the Transaction is subject to receipt of applicable regulatory approvals and third-party consents, including the approval of the TSX Venture Exchange (“TSXV”) and closing conditions customary for transactions of this nature, on or before December 31, 2021.

The Transaction is consistent with the Company’s focus of consolidating a district-scale exploration opportunity in the favourable mining jurisdiction of Idaho, USA. The Leviathan Property lies immediately adjacent to the Company’s recently acquired Hercules Property in the Cuddy Mountain Mining District and expands Bald Eagle’s total land position to 2,209 acres in this highly prospective area.

Historical surface sampling indicates that the silver (+/- lead-zinc) mineralization on the Hercules Property extends onto the northern portion of the Leviathan, which provides the Company with additional targets to increase the overall strike length of the mineralized system1. Significant copper mineralization is also present within the volcanic rocks at surface on Leviathan, suggesting a potential porphyry copper system may be present at depth.

The last major cycle of exploration took place in the Heath Mining District in the early 1980’s, when a number of companies were active on various claim groups throughout the district. Bald Eagle’s acquisition of the Leviathan represents an important consolidation of the district, allowing the Company to explore both the silver (+/- lead-zinc) component of the system on the Hercules as well as possibly related porphyry copper style mineralization on the Leviathan.

Management Commentary

Raymond Harari, President and Director of Bald Eagle, commented: “We are very excited to be expanding our Hercules silver project in the mining friendly jurisdiction of Idaho. The Leviathan acquisition provides us with a much larger land package of prospective ground on which to explore and expand the currently known mineralization. Our geological team is currently preparing a field exploration program for the newly acquired ground, to be executed over the coming weeks. Idaho is a top ranked jurisdiction for mining and mineral exploration internationally, and we are excited to begin exploring and generating news flow on the project.”

About the Leviathan Property

The Leviathan Property consists of sixty-five 65 unpatented lode claims situated on the western flank of Cuddy Mountain in western Idaho, approximately 200 kilometers northwest of Boise. Cuddy Mountain is an uplifted and tilted fault block, about 19 kilometers across, characterized by a Triassic-Jurassic sequence of volcanics, volcaniclastics and sediments, surrounded in all directions by younger Tertiary basalt flows.

Numerous quartz porphyry plugs, believed to be Cretaceous in age, intrude the volcanic sequence in the southern half of the Property. A large intrusive complex associated with copper porphyry style mineralization occurs on the adjacent IXL prospect to the southeast of the Property*. The intrusive complex present at the IXL prospect is interpreted to be genetically related to similar intrusive rocks on the Leviathan.

A particular rhyolite flow unit within the Triassic volcanic sequence, informally known as the Hercules Rhyolite, is host to significant vein and replacement deposits of silver (lead-zinc) on the Company’s adjacent Hercules Property. The Hercules Rhyolite is projected to trend northeast onto the northern portion of the Leviathan Property. Significant silver, lead and zinc-in-soil values occur along the projected trend, including the Thor Zone containing individual soil sample values of up to 26 g/t Ag and 0.75% Pb (1). Despite the strongly anomalous soil values, little exploration work has been carried out at the Thor Zone due to its steep terrain, heavy soil cover and the masking of the mineralized Hercules Rhyolite by surrounding tertiary basalt cover.

In the southeast of the Property, the 44 Zone is comprised of the White Monument, Cliff, Little Gem, Lone Star, Metheny, Yellow Bride, Long Cut and Big Cut prospects. Strongly anomalous silver values are reported from historic soil samples collected over the 44 Zone (2). Outcropping mineralization is characterized by disseminated to semi-massive copper and silver bearing sulfide and oxide minerals hosted within both andesitic and rhyolitic lithologies. The mineralization is associated with rhyolite sills and dykes which may represent feeder structures to the overlying Hercules Rhyolite2. Evidence of widely scattered test pits, shallow shafts and adits from the late 1800’s and early 1900’s still remain on the Property, some of which have been obliterated by more recent cat trenches.

En echelon mineralized structures have been exposed by trenching at the Big Cut prospect. Chalcopyrite occurs as disseminations and less commonly as semi-massive lenses in rhyolite sills and dykes, further supporting evidence of a genetic association with the stratigraphically overlying Hercules Rhyolite. Sampling of the principal showings at the Big Cut yielded weighted average assay highlights of up to 1.78% copper across 90 feet (E.S. Asano, 1971) and 1.3% copper across 57 feet (J. Vincent, 1973)3. The average copper:silver ratio reported at the Big Cut is approximately 2.5:1. Other notable historic trench intercepts at Big Cut include

The assay results reported above are historic in nature and have not been confirmed nor verified by a Bald Eagle Qualified Person and as a result should not be relied upon.

Appointment of Mr. Christopher Paul to the Board of Directors

Pursuant to the terms of the Transaction and subject to the approval of the TSXV, Mr. Christopher Paul will be appointed to the Board of Directors of the Company. Mr. Paul holds a B. Sc. in Geology from Simon Fraser University, 2014, and a Diploma in Mining & Mineral Exploration Technology, 2011, from the British Columbia Institute of Technology. Mr. Paul is a Principal and Founder of Ridgeline Exploration, a technical services company which was recently acquired by Goldspot Discoveries Corp.

He has served in numerous senior exploration management roles including most recently as the Vice President of Exploration for Golden Ridge Resources Ltd. where he was fundamental in the discovery of the Williams copper gold porphyry in the Golden Triangle region of British Columbia.

Terms of the Transaction

Pursuant to the Share Purchase Agreement, the Company will purchase: (i) all of the issued and outstanding Frontier Shares from the Vendors; and (ii) a shareholder loan in the amount of 33,414.00 from one of the Vendors in consideration for the issuance by the Company of 10,000,000 of its common shares (the “Consideration Shares”) to the Vendors at a deemed price of $0.045 per share and the entering into of a net smelter return royalty agreement (“NSR Royalty Agreement”) granting the Vendors a perpetual two percent (2.0%) royalty (the “NSR Royalty”) relating to all production from the Leviathan Property.

The Consideration Shares will be subject to a statutory hold period under applicable Canadian securities Laws which will expire four months and one day after issuance and to voluntary trading restrictions, with 20% of such shares to be released every six months beginning on March 24, 2022. Pursuant to the terms of the Transaction and subject to the approval of the TSXV, the Company will also appoint Mr. Christopher Paul to the board of directors of the Company.

The NSR Royalty is subject to a buyback right in favor of the Company pursuant to which the Company may repurchase, commencing at any time after the date of the NSR Royalty Agreement and ending upon the commencement of commercial production (as defined in the NSR Royalty Agreement), with a minimum of 60 days prior written notice to purchase 1% of the NSR Royalty (such that the remaining NSR Royalty shall be reduced to 1% of the net smelter returns) for a price equal to CAD$1,000,000 payable in cash.

Closing of the Transaction is subject to receipt of any applicable regulatory approvals and third party consents, including the approval of the TSXV and closing conditions customary for transactions of this nature, on or before December 31, 2021.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved for disclosure by Nick Tintor, a Qualified Professional Member of the Mining & Metallurgical Society of America and the “Qualified Person” for Bald Eagle within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and a member of the board of directors of Bald Eagle.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metal 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.

For further information please contact:

Raymond D. Harari
President & Director
Telephone +(507) 6675-2221
Email: rdh@canaliscapital.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 forwardlooking 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, statement and information regarding closing of the Transaction and the future operating or financial performance 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.

Cautionary Notes

*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.

---

(1) Crowley, F. 1983. Thor Explorations Ltd. Jug Group of Claims. Heath Mining District.

(2) Armstrong, C. 1976. Report on the Iron Cap Property, Heath Mining District.

(3) Kelly, S. 1973. Progress Report to the Vancouver Stock Exchange on the Iron Cap, or Big Cut Holdings of Acaplomo Mining and Development Co. Ltd. in the Heath Mining District with concurrence by C.M. Armstrong, P.Eng.

TORONTO, Oct. 29, 2021 /CNW/ – Bald Eagle Gold Corp. (“Bald Eagle” or the “Company”) (TSXV: BIG) (OTCQB: BADEF) is pleased to announce that the Company has appointed Mr. Darren Collins, the Chief Financial Officer of the Company to the board of directors of the Company (the “Board”). In addition, Mr. Marc-André Lavoie has resigned from the Board. The Board thanks Mr. Lavoie for his service as a director.

As a result of these announced changes, the Board will be composed of Sidney Himmel, Raymond Harari, Darren Collins, Peter Simeon, and Nicholas Tintor. The senior operating executives of the Company will be Mr. Raymond Harari as President, Sidney Himmel as Executive Chairman and Darren Collins as Chief Financial Officer.

About Bald Eagle Gold Corp.

Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metals districts in the Americas. The Company’s objective is to acquire advanced exploration projects for exploration and development. Advancing acquired properties will be through evaluating historical data and utilizing modern exploration techniques and geological concepts. 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

Raymond Harari President & Director

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.

For further information: Ray Harari, President & Director, Telephone: +507-6675-2221, Email: rdh@canaliscapital.com; Darren Collins, CFO, Telephone: +1 (786) 633-1756, Email: darren.collins@baldeaglegold.com