JAEGER RESOURCES CORP. ANNOUNCES TAYLOR BROOK EXPLORATION UPDATE

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.

JAEGER RESOURCES CORP. Announces Critical Mineral Flow-Through Private Placement and Unit Offering

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.

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.

JAEGER RESOURCES TO COMMENCE TRADING ON NEX BOARD OF TSX VENTURE EXCHANGE

Edmonton, AB – August 31, 2022 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG)   announced today that the Company is transferring its listing from Tier 2 of the TSX Venture Exchange to the NEX board of the same exchange. The Company’s common shares will commence trading on NEX at the opening of business on September 2, 2022 under the trading symbol JAEG.H.

The board of directors anticipated that due to the uncertainty of the market to raise sufficient funds at present for a major exploration program and to minimize expenditures and requirements regarding the TSX Venture Exchange policies that it was in the best interest of the Company to transfer to the NEX board.  When markets improve, the Company will review the situation at that time.    

The Company will continue with exploration on its Taylor Brook Property located in New Brunswick and will also identify and evaluate other mineral projects for acquisition and exploration (see press release dated July 7, 2022).

At the annual and special meeting of shareholders of the Company held on August 3, 2022,   the resolutions at the meeting consisted of the following: (1) electing all director nominees, as listed in the management information circular dated June 29, 2022, 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 19,477,437 (33.9%) 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 – 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.

On Behalf of the Board

“Bruce W. Downing”


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

CEO, Jaeger Resources Corp.

(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 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.

JAEGER RESOURCES CORP. EXPLORATION UPDATE

Edmonton, AB – July 7, 2022 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG)  is pleased to announce theapproval of aNew Brunswick Junior Mining Assistance Program grant of $10,000 for the Taylor Brook zinc – lead – silver – copper Property in New Brunswick.  This grant will be used for the exploration program of line cutting, magnetometer and VLF geophysical surveys and geological mapping on the newly staked claims (see press release December 20, 2021).  This grant implies the importance of exploration to the government and communities of New Brunswick. 

Jaeger has also received the work permit for the exploration program on the property.  It is anticipated that the line cutting will start in July followed by the magnetometer and VLF geophysical surveys.  Geological mapping will follow.

Jaeger is also pleased to announce the final completion of a Horizontal Loop Electromagnetic (HLEM) geophysical survey on its Taylor Brook Property in New Brunswick.  This survey was conducted in order to better define a strong VLF conductor (see press releases of December 15, 2021 and June 2, 2022).  An additional two grid lines (L3100W and L3400W) have been recently surveyed (see website maps for location of grid lines at www.jaegerresources.com).  

The Company’s consulting geologist is presently field mapping the four lines of HLEM survey as well as locating and following a pyritic mineralized horizon that was mapped in 1998.  This pyritic outcrop / conductor was referenced in the June 2, 2022 press release. Mapping will include outcrop sampling for lithogeochemical purposes. 

Jaeger will be following up on the scandium exploration project in British Columbia in August (see press release of April 19, 2022).   The scandium project in New Brunswick is ongoing when the consulting geologist is available.   

The Company’s CEO visited a placer gold and mineral property in British Columbia in early June on behalf of a prospector. Sampling of outcrops was undertaken. Analytical results will be reported when received.   

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.

JAEGER RESOURCES CORP. ANNOUNCES AN UPDATE AT ITS TAYLOR BROOK ZINC – LEAD – SILVER – COPPER PROPERTY IN NEW BRUNSWICK

Edmonton, Alberta, – June 2, 2022 – Jaeger Resources Corp.  (TSXV: JAEG) (“Jaeger” or the “Company”) is pleased to announce the completion of a Horizontal Loop Electromagnetic (HLEM) geophysical survey on its Taylor Brook Property in New Brunswick.  This survey was conducted in order to better define a strong VLF conductor (see press release of December 15, 2021).  Two grid lines (L3800W and L3900W) were surveyed.  

Results indicate a near surface conductor dipping approximately 70 to 80 degrees to the south.  This conductor has an interpreted easterly strike length of approximately 1400 metres which is truncated by a northwesterly fault.  The westerly extension will be the focus of geophysical exploration in 2022.  To the east of the fault, this VLF conductor is continuous and is associated with scattered pyritic sulphide showings.  Field mapping of this conductor will be conducted in 2022.  

This conductor is closely associated with a magnetic anomaly which is interpreted as a metagabbro.  It is noted that the Taylor Brook deposit is also associated with a VLF conductor and metagabbro.  

An interpolated map showing the relationship of the VLF conductors with magnetics is presented on the Company website (www.jaegerresources.com).  

The updated VLF and magnetometer maps together with the grid-claims map are also posted on the Company website.    

Several additional moderate to strong VLF conductors have been identified as high priority targets within the property boundary and the majority of these conductors have not been drill-tested.    

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 of 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. 

JAEGER RESOURCES ANNOUNCES SCANDIUM EXPLORATION AND SIGNING OF MEMORANDUM OF UNDERSTANDING

Jaeger Resources Corp. – April 19, 2022 (TSX – V: JAEG) is pleased to announce that it has signed a Memorandum of Understanding for the exploration of scandium on a property in British Columbia.

A property of merit was identified by Mr. Bruce Downing as having a potential for scandium.  Preliminary prospecting was initiated in 2021 and grab samples of various rock types from an Alaskan-type zoned intrusion were collected.  The area is accessible via logging roads and the samples are from several scattered occurrences.

The results are tabulated below:

   Analytical Method FA350FA350MA250MA250LF300
  Element PtPdScTeSc
  Rock Type PPBPPBPPMPPMPPM
GH21009hornblenditetalus51865.24.1159
GH21019hornblenditeoutcrop572491.35.2884
GH21020hornblenditeoutcrop47108.55.92104
GH21021feldspar hornblenditetalus<36381.0536
GH21022hornblenditetalus 3924107.22.8198
GH21023feldspar hornblenditetalus41040.81.2338
GH21024hornblenditetalus <31238.41.6135
GH21010Altered brecciaoutcrop18033.77.743

Samples were sent to the Bureau Veritas facility in Vancouver for preparation and analysis using their FA350, MA250 and LF300 analytical methods.  All samples were subjected to both a four-acid digestion followed by ICP-MS (MA250) and a lithium metaborate fusion followed by ICP-ES (LF300).  It is imperative that a proper digestion and analytical method be used for scandium.  It is also important that a multi-element scan be done for trace element content which may impact the potential economics of a deposit. 

Scandium results indicate that the MA250 and LF300 methods are compatible.  It is interesting to note the presence of tellurium and that tellurium and scandium appear to correlate.  The platinum and palladium values are also of interest.  

The scandium results are very encouraging and a more detailed prospecting, mapping and sampling program will be conducted in 2022.  Petrographic studies will be conducted in order to determine the mineralogy.  The field-identified hornblendite may in fact be composed of pyroxenes.

Another area of scandium interest is located on Jaeger’s Taylor Brook Property, New Brunswick (see press release July 19, 2021).

Significant ilmenite was identified in the meta intrusive unit (diabase – gabbro).  This unit can be mapped in the field based on the high magnetics derived from the magnetometer geophysical survey (see magnetic map on website www.jaegerresources.com/projects/#taylor-7 ).  

The results are tabulated below:

TiO2Sc
%PPM
meta gabbrooutcrop3.7134
meta gabbrooutcrop4.1840
meta gabbrooutcrop3.4437
meta gabbrooutcrop3.2330
meta gabbrooutcrop3.7735

The samples were analyzed at the ActLabs laboratory in Ancaster, Ontario.  The major oxides were analyzed using the WRA+ICP 4Litho package which employs a lithium metaborate / tetraborate fusion.  The resulting molten bead is rapidly digested in a weak nitric acid solution.  Analysis is by ICP-OES and ICP-MS.

There are elevated scandium concentrations in this unit.  The scandium probably occurs in the ilmenite but may also be present in the amphibole. The titanium (TiO2) is due to the presence of ilmenite which alters to sphene with trace rutile.  Modal estimates of ilmenite range from 5 to 8 percent.  Magnetite is also present.

It is also imperative that the proper analytical method and digestion be conducted to determine the trace element content of resistates such as ilmenite and magnetite.  Additional sampling of outcrops on the property for further exploration of scandium is ongoing.  Similar scandium concentrations also occur in the mafic unit associated with the Stratmat deposit.

Scandium is now listed as a rare metal by both the United States and Canadian governments and a “made in North America” supply chain is warranted.  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.

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 of February 22, 2017) to explore and develop the Taylor Brook zinc – lead – silver – copper deposit 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 Memorandum of Understanding.

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.