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Highlights: American Eagle to sell two-thirds of the 3% NSR it holds in the Kuta Ridge Gold Project in exchange for 500,000 shares of American Eagle, which will be extinguished American Eagle Gold will retain a 1% NSR in the Kuta Ridge Gold Project Kuta Ridge is located within a highly prospective gold belt in Papua New Guinea, close to Barrick's Porgera Mine and K92's Kainantu Mine. Toronto, Ontario--(Newsfile Corp. - May 9, 2025) - American Eagle Gold Corp. (TSXV: AE) (OTCQB: AMEGF) is pleased to announce that it has entered into a definitive agreement with Precious Earth Resources Inc. ("Precious Earth") to sell a portion of net smelter return ("NSR") royalty of the Kuta Ridge project in Papua New Guinea in exchange for 500,000 common shares of the Company (the "Consideration Shares").
