LETTER TO SHAREHOLDERS

Dear Shareholders:

I would like to thank all shareholders for your continued patience and support for our Company.  Past and current market conditions have been and are somewhat challenging for junior resource companies.  We are aware that the full value of our Company is still not reflected in the stock price.

The last two years have been challenging.  However, during this time we have been actively advancing our Taylor Brook property through expansion from the original option claim with additional claim staking increasing our land position.  We have expanded the Taylor Brook  zinc – lead – silver – copper Property in the Bathurst Mining Camp in New Brunswick as a result of positive geophysical results.  Some of these geophysical anomalies trend onto Trevali Mining Corporation’s claims and appear to be on the same trend as their Stratmat deposit.  We believe that the area has the potential to host additional base metal deposits similar to Taylor Brook and Trevali’s Stratmat based on the geophysical and lithogeochemical studies done on the Property to date.

We are currently diversifying our portfolio both geographically and into the critical metals area such as scandium and indium.  Indium has been noted at the Taylor Brook deposit.  Scandium exploration includes two areas, the Taylor Brook property and a nickel – platinum – scandium property in British Columbia.

Jaeger has also been reviewing several gold related properties.  

 2023 EXPLORATION PROGRAM

Taylor Brook Property

  • Jaeger’s exploration work at Taylor Brook has reached a point where several geophysical anomalies have to be drilled.  These anomalies have a signature similar to the Taylor Brook deposit and Trevali’s Stratmat deposit.  Some of these geophysical anomalies trend onto Trevali’s claims within the Stratmat Zone.
  • Drilling is also a priority on the Taylor Brook deposit which is under option from Stratabound Minerals Corp.  Historic drilling was oriented in the wrong direction and with additional drilling as recommended in the 2011 Tetra Tech NI 43-101 report, this deposit has the potential for additional resources.  Upon completion of drilling, an updated NI 43-101 Resource Report will be completed. 

Scandium Exploration

British Columbia

The discovery of this critical scandium metal in a completely untested area opens up the potential for adding value to an area with nickel – cobalt – platinum mineralization.  This style of mineralization was commonly unsampled and overlooked by historical exploration programs but in the current critical element and electric vehicle battery market, it becomes a very interesting opportunity to add value to the property.  Future exploration will be directed to:

  • Define the spatial extent of previously documented nickel – cobalt – platinum areas.  Map and sample untested ground.
  • Define drilling targets at the historic nickel – platinum bearing zones in order to delineate a potential resource.

Taylor Brook Property

Drilling of this property may intersect gabbro which has the potential for hosting scandium mineralization.

Management at Jaeger Resources has an open-minded approach of creating and using new ideas and techniques for exploration and development.

Corporate

The Company has maintained a low cost office and ancillary expenses in keeping with its recent transfer listing to the NEX board on the TSXV.  With regards to the share structure, there are six major insider shareholders who have 68.54% of the issued shares.  Management has a major involvement in the Company.

Jaeger invites interested stakeholders and shareholders alike to visit our website  www.jaegerresources.com,which will help provide timely updates of technical information and ongoing activities.  Management and your Board of Directors are committed to realizing the full potential of the Company’s projects and transforming Jaeger Resources into an industry leader in the exploration and development of projects.

Yours sincerely,

Bruce Downing Chief Executive Officer

JAEGER RESOURCES CORP. ANNOUNCES TAYLOR BROOK SUMMER FIELD EXPLORATION UPDATE

Edmonton, AB – October 25, 2022 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG.H)  is pleased to provide an update on its Taylor Brook zinc – lead – silver – copper exploration program in the Bathurst Mining Camp, New Brunswick (see also press releases dated July 7 and June 2, 2022).

The Company’s consulting geologist conducted a brief field mapping and sampling program at its Taylor Brook property.  This program was designed to follow up on the previously known sulphide mineralization.  Outcrop is limited, however several new areas of mineralized rock were discovered.  Mineralization was predominantly pyrite in silicified rhyolites.  The lithogeochemical elements to note are aluminum, titanium and barium which can indicate proximity to base metal mineralization (see press release dated February 26, 2020).  Updated barium and Taylor Brook Index maps are shown on the Company website www.jaegerresources.com (see Taylor Brook project).  These maps show the continuum of mineralization associated with the strong VLF anomaly as shown on the Fraser filter contour VLF map on the website.  This is approximately 3300 metres in strike length and is associated with a major linear structure.   

One mineralized sample reported >10,000 ppm zinc and 3.4 ppm indium.  Previous sampling has shown that the Taylor Brook deposit has anomalous indium concentrations which is now considered a critical element in short supply in North America.  Indium is associated with Trevali Mining Corporation’s Stratmat deposit and was a resource at the Brunswick 12 and Heath Steele deposits.  In order to fully define this potential indium resource associated with the zinc mineralization, diamond drilling will need to be done.

Line cutting and a VLF geophysical survey have been completed on the new claims (see press releases dated December 2021 and July 7, 2022).  The magnetometer survey is anticipated to be completed in November and the results will be reported then.   

Management at Jaeger Resources has an open-minded approach of creating and using new ideas and techniques for exploration and development.

About Jaeger Resources Corp.

Jaeger Resources Corp. is a Junior Canadian Exploration Company focused on evaluating high potential, undervalued mineral properties for acquisition, which can be developed to give investors an attractive return on investment.  Jaeger has entered into an agreement with Stratabound Minerals Corp. to explore and develop the Taylor Brook zinc – lead – silver – copper property in the Bathurst Mining Camp, New Brunswick, Canada.

For further Company and technical information, please visit the Company’s website at www.jaegerresources.com.

The technical content of this press release has been reviewed and approved by the Company’s CEO, Bruce W. Downing, as the Qualified Person.

On Behalf of the Board,

“Bruce W. Downing”


Bruce W. Downing, M.Sc., P.Geo, FGC, FEC(hon)

CEO, Jager Resources Corp.

info@jaegerresoures.com

www.jaegerresources.com

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 the accuracy of this press release.  We seek Safe Harbor. 

Not for release in the United States.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements”.  Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the Exploration Update.

Actual results could differ from those projected in any forward-looking statements due to numerous factors.  Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms.  We are not in control of metals prices and these could vary to make development uneconomic.  These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

JAEGER RESOURCES CORP. SCANDIUM EXPLORATION UPDATE

Edmonton, AB – October 18, 2022 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG)  is pleased to provide an update on its scandium exploration programs (see press release dated April 19, 2022).  

The recent Canadian federal Government budget has included a Critical Mineral Exploration Tax Credit.  The tax credit would apply to certain exploration expenditures targeted at nickel, lithium, cobalt, graphite, copper, rare earths elements, vanadium, tellurium, gallium, scandium, titanium, magnesium, zinc, platinum group metals, or uranium.  The Company will be eligible for the new federal Select Critical Mineral Exploration Tax Credit. 

Scandium is used in aluminum alloys for the automotive, aerospace, fuel cell and defense industries (see www.scandium.org for additional information). At present, scandium supply is controlled by Russia and China with no real North American supply chain.  There is now an increase and incentivization for scandium exploration in North America.  

British Columbia Project

A three-day sampling program was conducted as a follow up to the scandium reconnaissance program conducted in 2021 (see press release dated April 19, 2022). The sample locations from the 2021 survey are shown on the Company’s website www.jaegerresources.com (see scandium project).  Prospecting identified an unknown granitic – feldspar porphyry dyke that may have some potential for rare earth elements.  More than 32 sites were mapped and sampled.  The samples are in preparation of being submitted for analysis and results will be reported when received.

This property has been previously explored for platinum, palladium and gold.  The author of this press release was involved in an exploration program that discovered platinum mineralization in 1986.  Several prospecting surveys and two drilling programs (1988, 1997) have been carried out on this property.  The zone on known platinum-bearing mineralization (historically) is approximately 800 by 300 metres.  Nickel and cobalt were not of interest in previous exploration programs but now are important for the electric vehicle battery market.  A review of the historical data indicates that nickel and cobalt are associated with platinum in the magnetite mineralization.  Platinum was analyzed by fire assay method while nickel and cobalt were reported as analyzed by aqua regia digestion which is only partial for oxides.  Improved analytical methods are now warranted for analyses of dunite which is host to magnetite.  Unfortunately analyses of samples in this area prior to 2019 did not report scandium or tellurium.  The data from various reports will be compiled in order to determine the extent of the potential nickel, cobalt and platinum mineralization and association with scandium.

This zoned Alaskan Complex consists of dunite, olivine clinopyroxenite, hornblende clinopyroxenite and gabbro.  The nickel – platinum mineralization occurs within a serpentinized dunite as disseminations, discreet layers, discontinuous pods and schlieren of chromite and magnetite.  Scandium mineralization occurs within the clinopyroxenite and gabbro.

This property has potential for a nickel, platinum, cobalt and scandium resource but additional exploration and drilling is required.  The property is accessible from the Coquihalla highway (#5) via logging roads and is approximately 160 kms northeast from Vancouver, British Columbia.  The tellurium values noted in the press release of April 19, 2022 may have some merit and will be of interest in the 2022 sampling program.  The magnesium content of the host rock dunite to the nickel – platinum mineralization may also have some merit for potential CO2 sequestration.  This mode of sequestration has been investigated by researchers at the University of British Columbia.

This property has several important elements (nickel, platinum, cobalt, scandium) that have been designated as critical for the North American supply chain. 

New Brunswick – Taylor Brook Property

Owing to the scarcity of outcrop, sampling of the gabbro is somewhat limited.  This gabbro is well defined by the magnetic survey and has some potential extent (see magnetic map on the Company’s website www.jaegerresources.com).  Further field work and sampling will be conducted when time permits.  In order to fully define this potential scandium resource associated with the gabbro, diamond drilling will need to be carried out.  It is noted that scandium is associated with the gabbro at Trevali’s Stratmat deposit in New Brunswick.

Cranbrook Area

During a gold reconnaissance project (see press releases dated July 7, 2022 and October 12, 2022) samples of the Moyie gabbro were sampled for the purpose of identifying any potential scandium mineralization.  Analyses were conducted at the Bureau Veritas Lab, Vancouver, utilizing a 4-acid digestion followed by MA250 method. The results are shown below:

Sample          Rock              Scandium (ppm)

Cran4             gabbro                        34

Cran7             hornblendite             45

Cran9             gabbro                        38

Cran11           mafic gabbro             48

The results have some merit, however no further work is warranted at this time.

Management at Jaeger Resources has an open-minded approach of creating and using new ideas and techniques for exploration and development.

About Jaeger Resources Corp.

Jaeger Resources Corp. is a Junior Canadian Exploration Company focused on evaluating high potential, undervalued mineral properties for acquisition, which can be developed to give investors an attractive return on investment.  Jaeger has entered into an agreement with Stratabound Minerals Corp. to explore and develop the Taylor Brook zinc – lead – silver – copper property in the Bathurst Mining Camp, New Brunswick, Canada.

For further Company and technical information, please visit the Company’s website at www.jaegerresources.com.

The technical content of this press release has been reviewed and approved by the Company’s CEO, Bruce W. Downing, as the Qualified Person.

On Behalf of the Board,

“Bruce W. Downing”


Bruce W. Downing, M.Sc., P.Geo, FGC, FEC(hon)

CEO, Jaeger Resources Corp.

info@jaegerresoures.com

www.jaegerresources.com

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 the accuracy of this press release.  We seek Safe Harbor. 

Not for release in the United States.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements”.  Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the Scandium Exploration update.

Actual results could differ from those projected in any forward-looking statements due to numerous factors.  Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms.  We are not in control of metals prices and these could vary to make development uneconomic.  These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

JAEGER RESOURCES CORP. GOLD EXPLORATION UPDATE

Edmonton, AB – October 12, 2022 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG)  is pleased to provide an update on its gold exploration program.  

The Company’s CEO visited a placer gold and mineral property in British Columbia in early June on behalf of a prospector (see press release dated July 7, 2022).  Grab sampling of several scattered outcrops was undertaken.  Analytical results were not encouraging except for one sample which reported an elevated copper concentration of 1280 ppm with 1.3 ppm silver.  Chalcopyrite was noted in the sample which was a quartz vein intruding the Moyie gabbro.  No further work is warranted at this time.

The CEO also visited two other gold properties in British Columbia, one of which is associated with a scandium property the Company is currently investigating.  The Company is also reviewing another gold property that may have some potential.

Management at Jaeger Resources has an open-minded approach of creating and using new ideas and techniques for exploration and development.

About Jaeger Resources Corp.

Jaeger Resources Corp. is a Junior Canadian Exploration Company focused on evaluating high potential, undervalued mineral properties for acquisition, which can be developed to give investors an attractive return on investment.  Jaeger has entered into an agreement with Stratabound Minerals Corp. to explore and develop the Taylor Brook zinc – lead – silver – copper property in the Bathurst Mining Camp, New Brunswick, Canada.

For further Company and technical information, please visit the Company’s website at www.jaegerresources.com.

The technical content of this press release has been reviewed and approved by the Company’s CEO, Bruce W. Downing, as the Qualified Person.

On Behalf of the Board,

“Bruce W. Downing”


Bruce W. Downing, M.Sc., P.Geo, FGC, FEC(hon)

CEO, Jager Resources Corp.

info@jaegerresoures.com

www.jaegerresources.com

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 the accuracy of this press release.  We seek Safe Harbor. 

Not for release in the United States.

Notice Regarding Forward-Looking Statements

This news release contains “forward-looking statements”.  Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the Gold Exploration Update.

Actual results could differ from those projected in any forward-looking statements due to numerous factors.  Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms.  We are not in control of metals prices and these could vary to make development uneconomic.  These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.  Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.