Great Eagle Gold Corp. Announces Kate Fehlenberg to Board of Directors and Corporate Developments

Burnaby, BC – February 28, 2024 – Great Eagle Gold Corp. (CSE: GEGC | FRA: GI8) renowned as the premier NatGold miner, is pleased to announce the appointment of Kate Fehlenberg to its Board of Directors, the successful closing of a private placement, and the initiation of strategic marketing agreements aimed at enhancing its outreach in Germany and the United States.

Board of Directors Enhancement

The Company is thrilled to welcome Kate Fehlenberg, MPH, M.S., to its Board of Directors. Kate is a distinguished Climate Change and Scaling Innovations Specialist, known for her extensive experience in regenerative agriculture, climate change resilience, and innovation scaling. Her career has been dedicated to making significant impacts across various sectors, such as climate-smart agriculture, public health, and gender equity, demonstrating her unwavering commitment to ecological and social well-being. Kate’s expertise in strategic planning, project management, and systems change has been pivotal in fostering partnerships, optimizing operations, and leading teams to achieve meaningful results.

Kate’s educational background is impressive, with an MPH from Columbia University, focusing on Population, Family Health, and Forced Migration, and an MSc in GIS and Sustainable Development from the Georgia Institute of Technology. Her BSc in Environmental Science and GIS from Samford University further solidifies her expertise in environmental systems and sustainability.

Her work with FHI360, USAID Global Dev Lab, CGIAR, and the Bill & Melinda Gates Foundation, among others, highlights her skill in driving innovations and resilience strategies in various challenging environments. Kate’s global experience, including projects in the USA, Kenya, Tanzania, Nepal, and several other countries, underscores her ability to navigate complex cultural and ecological landscapes. Fluent in English and proficient in French, Spanish, Nepali, and Kiswahili, Kate’s linguistic abilities enhance her capacity to connect with diverse communities and stakeholders, enriching her work in climate resilience and regenerative practices.

Chris Hansen, Chairman of Great Eagle Gold, enthusiastically welcomed Kate to the board, remarking, “Kate’s illustrious career, marked by her unwavering commitment to tackling the globe’s most critical environmental and sustainability challenges, positions her as an indispensable asset to our board. Her visionary leadership and innovative approach are exactly what we need as we propel Great Eagle into the forefront of the ESG-conscious gold mining era. We are fortunate to have her guiding influence as we embark on this transformative journey.”

Private Placement Closure

Following the announcement on January 12, 2024, Great Eagle has successfully completed a non-brokered private placement, issuing 1,803,105 units at $0.30 per unit, raising gross proceeds of $540,932. Each unit consists of one common share and half of one common share purchase warrant, with each full warrant allowing the holder to purchase an additional common share at $0.50 for two years post-closing. Additionally, the Company has settled debts with its former President and a director by issuing 116,666 common shares at a deemed price of $0.30 per share. All shares and warrants from this placement are subject to a hold period until June 27, 2024. The proceeds will support working capital, shareholder communications, marketing, and mineral exploration expenses.

Strategic Marketing Agreements

To enhance its marketing efforts, Great Eagle has entered into agreements with TD Media LLC, dba Life Water Media, and MIC Market Information & Content Publishing GmbH. Life Water will focus on digital marketing services, including media creation, advertising, digital campaigns, influencer management, and digital communications, with a six-month term and a total fee of US$100,000. Similarly, MIC will handle online marketing services, including text material, campaign management, and keyword research, with a six-month term and a fee of €100,000.

Andrew Fletcher, Director and CEO of Great Eagle, highlighted the importance of these agreements, stating, “We understand the value of effectively communicating our story and expanding our loyal shareholder base. Leading a new industry segment requires well-executed communication strategies. Through our partnerships with MIC and TD Media, we are poised to embark on a long and beneficial communications journey, crucial for stakeholders to fully appreciate Great Eagle’s value proposition.”

Amended Terms for Acquisition of Great Eagle Gold S.A.S

As previously announced the Company closed on the acquisition of Great Eagle Gold S.A.S, its new Colombian subsidiary, for a proposed aggregate purchase price of US$217,600 (the “Purchase Price”).  The Purchase Price was to consist of cash in the amount of US$21,760 represented by a promissory note (the “Promissory Note”) and the issuance of an interest free convertible promissory (the “Convertible Note”), for the US$195,840 balance of the Purchase Price.   However, the parties have amended the terms of their agreement for the acquisition of Great Eagle Gold S.A.S.  In consideration for the assumption of that company’s outstanding liabilities, the Purchase Price consisting of the Promissory Note and Convertible Note has been cancelled, and as a result no securities will be issued or any cash paid for the acquisition.

About Great Eagle Gold Corp.

Great Eagle Gold Corp. (CSE: GEGC | FRA: GI8), a Canadian public company, is the world’s premier NatGold miner. Championed by the Geneva-based International NatGold Council, NatGold represents a pioneering fusion of ESG principles, gold investment security, and digital asset innovation, positioning itself at the forefront of a super-trend that merges these three domains into one unparalleled real-world asset-backed investment opportunity. NatGold captures gold’s intrinsic value via a novel, legislatively supported, ESG-friendly digital mining process instead of traditional physical extraction.

Great Eagle’s unique strategy centers on acquiring NI 43-101 certified gold resources to digitally mine NatGold coins within the cutting-edge NatGold tokenization and monetization ecosystem, operated by New York-based OroEx Corp. This approach allows Great Eagle Gold to adopt an innovative, ESG-friendly method to monetize gold’s intrinsic value. The company’s acquisition strategy is internationally focused, aiming to secure mining titles with NI 43-101 certified gold resources, in readiness for the expected global adoption of NatGold legislation that will enhance tokenization opportunities worldwide.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Neither the Canadian Securities Exchange (CSE), nor the Frankfurt Stock Exchange (FSE), nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.

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