Great Eagle Gold Corp. Announces Results of Shareholder Meeting and Corporate Update

Burnaby, BC – October 23, 2023 – Great Eagle Gold Corp. (CSE:GEGC) has released the results from its annual general and special meeting (AGSM) of shareholders held on Monday, Oct. 16, 2023, in Burnaby, B.C., as well as provided a corporate update.

Annual general and special meeting

Shareholders holding a total of 10,315,250 common shares of the company were represented by proxy at the AGSM, representing 25.85 per cent of the votes attached to all outstanding common shares of the company as at the record date. Shareholders voted in favour of all the matters submitted before the AGSM as set out in the notice of meeting and information circular dated Sept. 13, 2023, including:

 1. Setting the number of directors of the company to six;

 2. Yari Nieken, Carlos Andres Hernandez Nunez, William Macdonald, Chris Hansen, Laura Ines Pacheco Hernandez and Alberta Vasquez Rodriguez were elected as the directors of the company until the next annual meeting of shareholders of the meeting or until their successor is appointed;

 3. Adam Sung Kim Ltd. was reappointed as the company’s auditor for the ensuing year;

 4. The adoption of the company’s 10 per cent rolling stock option plan was ratified and approved by ordinary resolution;

 5. The adoption of the company’s restricted share unit plan was ratified and approved by ordinary resolution.

In addition to the foregoing, Mr. Hansen has also been appointed as chief executive officer of the company.

Private placement financing

Further the company’s news release on Aug. 28, 2023, the company again confirms its intention to complete a non-brokered private placement financing for gross proceeds of up to $1-million, which is expected to consist of up to four million units, with each unit composed of one common share and one common share purchase warrant, at a price of 25 cents per unit, or such other price per unit determined by Great Eagle management in compliance with Canadian Securities Exchange pricing regulations. Each warrant will be exercisable for one additional common share of Great Eagle Mining at a price of 50 cents per share for a period of 24 months following the closing of the financing. The financing will be subject to an overallotment, at the company’s discretion, of up to 20 per cent, to be exercised prior to closing of the financing.

The expiry of the warrants may be accelerated by Great Eagle at any time following the date that is four months and one day from closing of the financing, if, prior to the expiry date of the warrants, the closing price of Great Eagle Mining’s common shares on the exchange is equal to or exceeds 75 cents for any 10 consecutive trading days. In such event, Great Eagle may accelerate the expiry date of the warrants by giving notice to holders of warrants and issuing a news release announcing the reduced warrant term, whereupon the warrants will expire on the 10th calendar day after the date of such news release.

Great Eagle intends to pay finder’s fees of up to 10 per cent in cash in connection with the financing. Certain directors, officers and insiders of Great Eagle may participate in the financing. Net proceeds from the financing are expected to be used for continuing working capital requirements and mineral exploration expenses.

Completion of the financing is subject to exchange acceptance, and all securities issued pursuant to the financing will be subject to a hold period of four months, as required under applicable securities legislation.

Closing of acquisition of Great Eagle Gold SAS

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.

About Great Eagle Gold Corp. (CSE:GEGC)

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.

INVESTOR INQUIRIES:
+1 (754) 946-4527
info@natgoldir.com

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