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Edmonton, AB – August 19, 2024 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG.H) announces that further to its news release dated May 27, 2024, the Company has closed its non-brokered private placement for 30,000,000 common shares at a price of $0.01 per share for gross proceeds of $300,000 (the “Offering”). Furthermore, the Company has closed the settlement of debt to certain creditors of the Company and issued an aggregate of up to 22,322,970 shares of the Company at a deemed price of one cent per share to settle an aggregate of $223,229.70 outstanding debt (the “Debt Settlement”).

In connection with the Offering, there were no finders’ fees paid in cash or securities, or a combination thereof.

It is anticipated that approximately $209,649.97 of the net proceeds of the Offering will be used for general working capital and approximately $90,350.03 is intended to pay down certain payables. Such payables are anticipated to include:

• Repayment of an aggregate of $29,641.04 in cash loans to director and chief financial officer, Don Bossert;
• Repayment of an aggregate of $5,000.00 in cash loans to former director, Mike Robb;
• Repayment of an aggregate of $12,810.63 in cash loans to former director, Russ Renneberg;
• Repayment of an aggregate of $5,000.00 in cash loans to former director and chief executive officer, Bruce Downing;
• Settlement of an aggregate of $2,557.46 in outstanding expenses to director and chief financial officer, Don Bossert; and
• Settlement of an aggregate of $5,098.85 in outstanding expenses to former director and chief executive officer, Bruce Downing.

A total of one current (Don Bossert) and three former directors of the Company (Russ Renneberg, Mike Robb, and Bruce Downing) were issued an aggregate of 18,636,000 common shares in settlement of certain debts owed to such director and former directors. Specifically, each of Don Bossert, Mike Robb, and Russ Renneberg were issued 1,500,000 common shares in satisfaction of outstanding director fees accrued from August 31, 2020 to the quarter ending January 31,2024. Bruce Downing was issued 14,136,000 common shares, which consists of 1,500,000 common shares issued in satisfaction of outstanding director fees accrued from August 31, 2020 to the quarter ending January 31,2024 and 12,636,000 common shares issued in satisfaction of outstanding consulting fees which were accrued from December 2020 to May 17, 2024. 

The Debt Settlement and the Offering constitutes a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101“) as two current directors and officers are participated in the Offering and one current director received common shares pursuant to the Debt Settlement.  The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(e) of MI 61-101, as the Company is in financial difficulty and the transaction is designed to improve the financial position of the Company, as determined in accordance with MI 61-101.  

The securities issued pursuant to the Offering and the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

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 – copper – silver deposit in the Bathurst Mining Camp, New Brunswick, Canada.

For    further    Company    information,    please    visit    the    Company’s    website    at www.jaegerresources.com or contact the Company at : (403) 465-4129.

On Behalf of the Board, “Alson Niu”

Alson Niu, CEO

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.

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 financing and receipt of all necessary regulatory approvals in connection therewith.

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.

Edmonton, AB – May 17, 2024 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG.H) is pleased to announce that it has appointed Jia Qian to the board of directors and as a member of the Disclosure Committee and Alson Niu as Chief Executive Officer of the Company. Mr. Qian and Mr. Niu will be replacing Bruce W. Downing, who has resigned from his role as director, CEO, and a member of the Disclosure Committee.

Mr. Qian is an entrepreneur renowned for his dedication to social impact and positive change. As the founder of StrayFaces, Mr. Qian has demonstrated a robust commitment to both social welfare and community involvement. StrayFaces, since its launch in 2019, has marked numerous milestones, notably surpassing seven figures in revenue, as a result of Mr. Qian’s visionary leadership. The company has stayed true to its mission, benefiting countless individuals and stray animals, showcasing a genuine passion for effecting tangible, meaningful change in society.

The company would like to thank Mr. Downing for his time on the board of directors and wish him well in his future endeavours.

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 – copper – silver deposit in the Bathurst Mining Camp, New Brunswick, Canada.

For further Company information, please visit the Company’s website at www.jaegerresources.com or contact the Company at : (403) 465-4129.

On Behalf of the Board, “Alson Niu”

Alson Niu, CEO

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.

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 appointment of the incoming directors and receipt of all necessary regulatory approvals in connection therewith.

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.

Edmonton, AB – April 8, 2024 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG.H) is pleased to announce the appointment of Chris Thomas and Alson Niu to the board of the Company, effective immediately. Mr. Thomas and Mr. Niu have also been appointed to the Company’s Audit Committee and Mr. Thomas has been appointed to the Company’s Disclosure Committee.

Mr. Thomas and Mr. Niu will be replacing Russel Renneberg and Mike Robb, who have resigned as directors of the Company. Mr. Renneberg has been a director of the Company since 1993 and has been an instrumental and invaluable part of the Company for the last 30 years. The Company would like to thank Messrs. Renneberg and Robb for their formidable contributions to the Company and wishes them well in their future endeavors

Chris Thomas is a seasoned entrepreneur with nearly a decade of various business endeavours. He has successfully navigated transactions exceeding nine figures in value, garnering numerous sales accolades and establishing lasting partnerships. His financial expertise in securing debt financing for businesses remains a key asset, while his ability to leverage his influential network adds a distinct advantage to the company. Additionally, he currently serves as CEO and Director of another publicly traded company in the mining sector. With his extensive experience in sales, real estate acquisitions, and expertise in raising capital, his multifaceted background brings valuable insights to both the mining company he directs and the board he sits on. Mr. Thomas’ ability to leverage his diverse skill set and strategic vision has consistently delivered outstanding results and forged enduring partnerships throughout his career.

Alson Niu is a multi-disciplined business professional with 4 years of experience acting as a director of multiple publicly traded companies, with one focused primarily in the mining sector. Specializing in private equity and capital markets, Mr. Niu is a managing partner at Conquest Capital, a venture firm invested in many industries such as agriculture, technology, and gaming. He also serves as a partner for Evolve Branding, a premium marketing consulting company specializing in branding & online marketing.

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 – copper – silver deposit in the Bathurst Mining Camp, New Brunswick, Canada.

For    further    Company    information,    please    visit    the    Company’s    website    at www.jaegerresources.com or contact the Company at : (403) 465-4129.

On Behalf of the Board, “Bruce W. Downing”

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

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.

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 appointment of the incoming directors and receipt of all necessary regulatory approvals in connection therewith.

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.

Edmonton, AB – September 22, 2023 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG.H)  is pleased to announce the results of its annual general meeting held on September 20, 2023.  All resolutions proposed at the meeting were duly passed.

The resolutions at the meeting consisted of the following: (1) electing all director nominees, as listed in the management information circular dated August 11, 2023, to the board of directors of the company; (2) reappointing Saturna Group Chartered Accountants LLP, Vancouver,  as auditor of the company for the ensuing year and authorization of the directors to fix the auditor’s remuneration; and (3) approval of the company stock option plan.

There were a total of 13,199,342 votes or approximately 23% of the company’s issued and outstanding common shares represented at the meeting.

Russel Renneberg has accepted the role as chairman of the board, Bruce Downing as chief executive officer and Don Bossert as chief financial officer and corporate secretary. Russel Renneberg, Don Bossert and Mike Robb are members of the company’s audit committee with Mr. Renneberg as chair.

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 – copper – silver deposit in the Bathurst Mining Camp, New Brunswick, Canada.

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

On Behalf of the Board,

“Bruce W. Downing”

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

CEO

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 Annual General Meeting.

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.

Edmonton, Alberta, – February 22, 2023 – Jaeger Resources Corp.  (CVE: JAEG.H) (“Jaeger” or the “Company”) is pleased to announce the completion of the Very Low Frequency (VLF) and magnetometer geophysical surveys on its Taylor Brook Property in New Brunswick.  These surveys were conducted over the newly established grid (20.35 kms) covering the recently staked claim #10264 (see press release dated December 20, 2021).  This recently surveyed area has not been explored in any detail and was a follow-up of the exploration work conducted in 2021 (see press release dated December 15, 2021).

Due to the late completion of the survey, the anomalous areas were not field-prospected and mapped in detail because of snow cover.

The updated VLF and magnetometer maps together with the grid-claims map are posted on the Company website (www.jaegerresources.com).

New and untested magnetometer and VLF anomalies which have been delineated over the Taylor Brook Property have the potential for discovering new and additional zinc – lead – silver – copper zones.  This style of geophysical characteristics appears similar to Trevali Mining Corporation’s Stratmat deposit located approximately six kms to the southwest of Taylor Brook. 

No major drilling has been conducted on the Taylor Brook Property since 1996 and the Company believes that the majority of the previous 1995/1996 drilling may have been in the wrong direction.  As a result of the recent geophysical surveys and data compilation that have been carried out, a newer interpretation of the geology of the deposit is evolving.

A newly-interpreted geophysical map of the Taylor Brook Property by the Company indicates several VLF anomalies coincide with those on Trevali’s Stratmat Property.  This interpretation has identified four kilometres of relatively under-explored ground on the Company’s claims that is along strike from the Stratmat deposit.  The interpretated VLF-EM and magnetic maps are shown on the Company website (see press release dated November 22, 2021). 

This work together with the lithogeochemical surveys indicate numerous geological indicators with the potential for further discoveries.

The Taylor Brook area is not so much a single zinc-lead-silver-copper deposit but a property with additional potential deposits.

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. (see press release dated February 22, 2017) 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
Email: info@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 Taylor Brook Property.

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.

Edmonton, AB – November 22, 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 October 26, July 7 and June 2, 2022).

The interpretation of the geophysical data has greatly increased the geological understanding of the Taylor Brook Property which indicates that the area has potential for the discovery for discovering new and additional zinc – lead – copper – silver zones.  This style of geophysical characteristics appears similar to the Stratmat deposit located approximately six kms to the southwest of the Taylor Brook Deposit. 

A newly-interpreted geophysical map of the Taylor Brook Property by the Company indicates several VLF anomalies coincide with those on Trevali’s Stratmat Property. This interpretation has identified four kilometres of relatively under explored ground on the Company’s claims that is along strike from the Stratmat Deposit.  The interpretated VLF-EM and magnetic maps are shown on the Company website (www.jaegerresources.com). 

The magnetics are interpreted to be associated with magnetite-ilmenite bearing meta-gabbros that have associated scandium mineralization.  The VLF results indicate a major northeast-southwest trend that is coincident with the regional structural trend and define the Stratmat Shear Zone.  

The Taylor Brook Deposit model has some similarities to that of Stratmat’s Boundary Deposit.  The Boundary Deposit was mined from 1989 to 1993 as both open pit and underground operations.  The VLF signature of the Boundary Deposit appears to be similar to that of the Taylor Brook Deposit. In addition to this, the Stratmat “Shear Zone” is continuous onto the Taylor Brook Property and there are many similar geophysical anomalies that warrant further investigation. Owing to similarities in geology, structures, and geophysical signatures, data co-operation is mutually beneficial.  The Company  has a Memorandum of Understanding (MOU) with Trevali Mining Corp. to share data (see press release dated December 2, 2020). 

No major drilling has been conducted on the Taylor Brook Deposit since 1996 and the Company believes that the majority of the previous 1995/1996 drilling may have been in the wrong direction.  As a result of the recent geophysical and lithogeochemical surveys and data compilation that have been carried out, a newer interpretation of the geology of the deposit is evolving.  

The Company is focused on discovering major mineralized systems, on scale with Trevali’s Stratmat system while its geophysical and geological signatures are repeated across the region signalling district-scale blue-sky potential.

The Bathurst Mining Camp is not so much a single zinc-lead-silver-copper deposit but a region with multiple potential deposits staggered along local and regional prospective horizons and structures.

The Company’s 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 Taylor Brook Property.

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.

Edmonton, Alberta, – November 3, 2022 – Jaeger Resources Corp.  (TSXV: JAEG.H) (“Jaeger” or the “Company”) is pleased to announce today that, subject to regulatory approval, it is undertaking a “best efforts” non-brokered private placement for gross proceeds of up to C$100,000 by issuing 5,000,000 units at a price of C$0.02 per unit.  Each unit will consist of one common share and one common share purchase warrant.  Each warrant entitles the holder to purchase one additional common share at a price of $0.05 per common share for a period of two years from the date of closing.  Proceeds from this unit financing will be used for general corporate purposes.   

The Company is also undertaking a “best efforts” non-brokered private placement for gross proceeds of up to C$400,000 by issuing 10,000,000 critical mineral element flow-through (CMFT) units at a price of C$0.04 per unit.  Each CMFT unit will consist of one common share and one common share purchase warrant.  Each warrant entitles the holder to purchase one additional common share at a price of $0.08 per common share for a period of two years from the date of closing.  

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 regarding zinc and scandium on its Taylor Brook Property, and nickel, cobalt and scandium on a newly acquired property (see press releases dated April 19 and October 19, 2022).  This new tax credit was unveiled in the Canadian federal government Budget 2022.

Proceeds from the sale of CMFT Shares will be used to explore for critical minerals on the Company’s scandium projects (see press release dated April 19, 2022) and on the Taylor Brook Property.  Proceeds will be used to incur “Canadian exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act and “flow-through mining expenditures” as defined in subsection 127(9) of the Income Tax Act.  Such proceeds will be renounced to the subscribers with an effective date not later than December 31, 2023, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of CMFT Shares.  Subscribers of CMFT Units are eligible for the new enhanced Critical Minerals Exploration Tax Credit of 30% (compared to 15% for normal flow-through Federal tax deductions). 

To demonstrate continued support of the Company’s growth plans, certain insiders of the Company will participate in both  Private Placements.  Such participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“).  The related party transaction will be exempt from minority approval and valuation requirements pursuant to the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities to be issued under the Private Placement nor the consideration to be paid by the insiders will exceed 25% of the Company’s market capitalization.

Jaeger Resources may pay a finder’s fee according to the stock exchange guidelines in respect of certain investors introduced to the Company.

All securities issued under these private placements will be subject to a four-month hold period.  The issuance of the shares is subject to compliance with applicable securities laws and approval by the TSX Venture Exchange. 

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 – copper – silver deposit in the Bathurst Mining Camp, New Brunswick, Canada.

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

On Behalf of the Board,

“Bruce W. Downing”

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

CEO

For further information please contact:

Bruce Downing, CEO (604) 613-2150 or

Don Bossert, CFO (780) 465-4129

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 Financings.

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.

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

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.

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.