Category: News

Edmonton, AB – August 6, 2020 – Jaeger Resources Corp. (the “Company”) (TSXV:JAEG) is pleased to provide an update to the Company’s exploration plans for its Taylor Brook zinc – lead – silver – copper property. Please see press releases of January 6 & 14 and February 26, 2020 for updates of the geophysical and lithogeochemical surveys and acquisition of claims resulting from the 2019 exploration program.

As a result of the recent geophysical surveys, lithogeochemical study and data compilation that have been carried out, a newer interpretation of the geology of the Taylor Brook Property is evolving. Further exploration is warranted, as the property has not been systematically explored and delineated laterally to the east or west, nor to depth as the property has had very limited exploration. This property appears to have several mineralized horizons and is folded with faulted offsets. These may be stacked horizons due to different lithostratigraphic horizons or stacked due to structural deformation. The property has the right host rocks, evidence of a mineralized system and potential for scale.

Additional claims were staked in 2019 and 2020 to cover the open and under-explored ground between the Taylor Brook Property and the Stratmat Deposit. This area has the potential for the discovery of new mineralized zones and has not been explored since 1996-7.

Exploration will consist of approximately 40 km of new grid over the western area of the property, VLF, Magnetometer and HLEM geophysical surveys and geological and outcrop mapping and sampling for the continuing lithogeochemical survey. New and untested anomalous areas will need to be drilled. Diamond drilling is also warranted to upgrade the Taylor Brook Property. An updated NI 43-101 technical report is anticipated in 2021 upon completion of the 2020 exploration program.

Jaeger Resources also announces it is the recipient of a New Brunswick Junior Mining Assistance Program grant for the Taylor Brook zinc – lead – silver – copper property in New Brunswick which will be used for the exploration program. This grant implies the importance of exploration to the government and communities of New Brunswick and interest in supporting Jaeger Resources.
Jaeger has also received the work permit for the exploration program on the property. Line cutting for the grid extension has begun which will be followed by the magnetometer and VLF geophysical surveys.

The onset of the Covid-19 pandemic and dry weather have limited access to the property, however, data analysis, targeting and planning have continued. We have structured the early portions of this work program so that they can be carried out within the provincial regulatory requirements of the Covid-19 pandemic.

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

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 Annual Filings.
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-July 27, 2020- Jaeger Resources Corp. (the “Company”) (TSXV:JAEG) is pleased to announce that the Company has entered into agreements with certain vendors and officers of the company who have agreed to accept shares of Jaeger Resources Corp. in final settlement of amounts owed by the Company. The aggregate amount of trade payables, fees and expenses settled with creditors is $261,992.67, which at a deemed issue price of $0.04 per share represents the issuance of 6,549,817 common shares of the Company. The issuance of the shares is subject to compliance with applicable securities laws and approval of the TSX Venture Exchange. The shares will be subject to a hold period of four months.

These transactions were all done in support of the Company’s efforts to direct resources to corporate targets and preserve working capital in efforts to expedite exploration of the Taylor Brook Project.

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

On Behalf of the Board

Don Bossert
CFO

For further information please contact:
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 Debt Settlement.
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-July 24, 2020- Jaeger Resources Corp. (the “Company”) (TSXV:JAEG) is aware of a post that was dated July 23, 2020, on Stockhouse.com which purports to a Jaeger Resources land package located in the Walker Lane area of western Nevada next to Blackrock Gold Corp. Jaeger Resources does NOT own, control, nor is in the process of acquiring any land package as referenced in this post. This post is completely misleading and not correct.

Jaeger Resources Corp. takes no responsibility for any trading in the Company’s common shares that may be a result of this post.

About Jaeger Resources Corp.

Jaeger Resources Corp. is a Junior Canadian Exploration Company which 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 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

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 StatementsThis 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 Stockhouse post.

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-February 27, 2020-Jaeger Resources Corp. (TSX – V: JAEG) is pleased to announce preliminary results and interpretations of a lithogeochemical – geometallurgical program over the Taylor Brook Property in New Brunswick.  A mineralogical and lithogeochemical study with emphasis on trace element geochemistry must precede any mineral processing study.  This study is important for understanding the ore, waste rock and tailings components of any deposit and their impact on the environment and reclamation.  This program also has the potential for discovering and locating additional mineralization on the property and also as an aid in drilling.  A data compilation of a previously published lithogeochemical database by a major company in 1993 together with some sampling in 2019 was completed.

Highlights of the study include the following preliminary interpretations:

• An exhalite horizon based on barium (Ba) concentrations has been identified above the mineralized zone in drill hole DDH TB95-2. This has not been recognized in previous work.  Exhalites generally occur above sulphide deposits and are an important aspect in exploration.
• Anomalous barium concentrations have been identified in outcrop which correlate with sulphide mineralization. This indicates that the exhalite unit probably occurs over the property (see BaO map on Company website www.jaegerresources.com).
• Distinct rare earth element signature of exhalite above mineralized section versus felsic tuffs below mineralized section in drill hole DDH95-2.
• Titanium can be used to distinguish diabase, even when highly altered.
• Anomalous concentrations of indium and tin occur in mineralized zones (drill hole TB95-2).
• No graphite is present.
• Mineralization is medium grained. This is an important aspect for mineral processing.
• The Al/Ti ratio can be used to differentiate lithologies. The Al/Ti * Ba index can be used to identify the exhalite unit (see Al/Ti*BaO map on Company website www.jaegerresources.com).
• A portable XRF analyzer can be used for pathfinder elements to identify in the field and in drill core the exhalite unit and mafic / diabase dykes.

As a result of the recent geophysical surveys, lithogeochemical study and data compilation that have been carried out, a newer interpretation of the geology of the property is evolving.  Additional sampling of drill core and outcrops over the whole property for further lithogeochemical and geometallurgical work is ongoing.

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 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 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 COMPLETION OF MAGNETOMETER AND VLF-EM GEOPHYSICAL SURVEY EXPLORATION PROGRAM AT ITS TAYLOR BROOK ZINC – LEAD – COPPER – SILVER PROPERTY IN NEW BRUNSWICK

Jaeger Resources Corp. (TSX – V: JAEG) is pleased to announce the completion of the magnetometer and very low frequency electromagnetic (VLF) geophysical survey over the property which encompasses a relatively unexplored section of the Taylor Brook Property in New Brunswick. This entailed follow up from previous VLF and magnetometer surveys (see press releases dated February 26 and June 20, 2019). Results of the previous surveys necessitated 33 kms of additional line cutting followed up with magnetometer and VLF geophysical surveys.
The purpose of these surveys was to map areas of known mineralization and areas that have not been previously explored, specifically in the western and southern areas of the property. The magnetometer survey was conducted in order to map the gabbro/diabase and delineate other magnetic anomalous areas that could be associated with mineralization. The VLF survey was conducted in order to delineate potential conductive zones of mineralization and to map potential structural features that are associated with mineralization. These types of surveys are best known for locating mineralization in the Bathurst Mining Camp.

New and untested magnetometer and VLF anomalies have been delineated over the property and have the potential for discovering new and additional zinc – lead – copper – silver zones at Taylor Brook. This style of geophysical characteristics appears similar to the Stratmat deposit located approximately six kms to the southwest of Taylor Brook. Coloured magnetometer and Fraser Filter contour maps can be viewed on the Company website, as well as non-coloured maps with indicated diamond drill holes. (www.jaegerresources.com).
Results from the recently completed survey indicate additional line cutting and geophysical surveys are warranted, which will be carried out in 2020. These new and untested anomalous areas need to be drilled, which will be the focus of the exploration program in 2020.

In addition to drilling these areas, a major part of the drilling program will be to follow up on the known deposit to extend the limits both along strike and at depth. The Taylor Brook deposit is classified as a polymetallic volcanogenic massive sulphide (“VMS”) deposit typical of the Bathurst Mining Camp with a (historical 2011) NI 43-101 compliant indicated mineral resource of 243,000 tonnes at 1.69% zinc, 0.85% lead, 0.02% copper and 33.42 g/tonne silver and an inferred resource of 102,000 tonnes at 1.70% zinc, 0.87% lead, 0.02% copper and 32.59 g/tonne silver at a 1.60% zinc equivalent cut-off grade. The deposit is comprised of one to four stratabound horizons of heavily disseminated to semi-massive and massive sulphides with a strike length of approximately 650 metres and a down-dip extent of greater than 600 metres.

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 favourable geological setting together with results of the work done to date show that the property has the potential for additional drill untested geophysical targets.
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 – copper – silver 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 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-July 17, 2019-Jaeger Resources Corp. (TSXV: JAEG) is pleased to announce the completion of the magnetometer and VLF geophysical surveys on the Taylor Brook zinc – lead – silver Property in New Brunswick.

New and untested magnetometer and VLF anomalies have been located on the western and southern sections of the new grid. (see press release of June 26, 2019). These anomalies occur in an area where little to no exploration work has been conducted. More lines will need to be cut in order to map the extent of these anomalies.

Additional line cutting followed by magnetometer and VLF geophysical surveys are expected to commence in August.

The purpose of these geophysical surveys is as follows:

• Locate and map linear structures.
• Define in better detail the known mineralized zones.
• Locate new mineralized zones and prospects.
• Target zones for the Induced Polarization geophysical survey.

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 a fair 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 deposit in the Bathurst Mining Camp, New Brunswick, Canada.  In addition to the Taylor Brook property, other properties of merit have been submitted to Jaeger which needs to be evaluated more thoroughly.

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-July 17, 2019-Jaeger Resources Corp. (TSXV:JAEG) announced today that it has received the approval of the TSX Venture Exchange of the Amending Agreement dated May 15, 2019 with Stratabound Minerals Corp.

The 1,600,000 common shares issued pursuant to the Amending Agreement have a hold period expiring November 18, 2019.

On Behalf of the Board

Don Bossert

CFO

 

For further information please contact:

Don Bossert, CFO (780) 465-4129

info@jaegerresoures.com

www.jaegerresources.com

 

 

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Edmonton, AB, June 26, 2019 – Jaeger Resources Corp. (TSXV:JAEG) is pleased to announce the completion of 12 km’s of line cutting that expands the grid that was established in 2018 on the Taylor Brook zinc – lead – silver Property in New Brunswick.  Several magnetometer, VLF and HLEM anomalies were left open-ended and need to be followed up (see press releases dated December 16, 2018, March 4, and June 14, 2019).  The extended grid also covers several known mineralized showings that have not been adequately explored.  The magnetometer and VLF geophysical surveys are expected to commence in early July.

The purpose of these geophysical surveys is as follows:

• Locate and map linear structures.
• Define in better detail the known mineralized zones.
• Locate new mineralized zones and prospects.
• Target zones for the Induced Polarization geophysical survey.

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 a fair 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 deposit in the Bathurst Mining Camp, New Brunswick, Canada.  In addition to the Taylor Brook property, other properties of merit have been submitted to Jaeger which needs to be evaluated more thoroughly.

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-June 12, 2019-Jaeger Resources Corp. (“Jaeger”) (TSXV:JAEG) is pleased to announce the approval for a New Brunswick Junior Mining Assistance Program grant of $25,000 for the Taylor Brook zinc – lead – silver Property in New Brunswick.  This grant will be used for the exploration program of line cutting, magnetometer, VLF and Induced Polarization geophysical surveys and drilling.  Line cutting will extend the grid by 12 kilometers which was initially established in 2018.  This program will also include some preliminary geometallurgical work on selected core which is necessary for metallurgical test work that would be initiated in future development of the property.  This grant also 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 early June followed by the magnetometer and VLF geophysical surveys.

In follow up to the magnetometer and VLF surveys, a deep pole-dipole IP survey is warranted to determine if anomalies can be correlated with interpreted mineralized zones.  The IP will be done using a large array and large n factors to explore to adequate depth.  Pole-dipole is better than dipole-dipole because it has greater signal strength compared to noise, and it inherently has greater penetration depth.

The purpose of these geophysical surveys is as follows:

• Locate and map linear structures.
• Define in better detail the known mineralized zones.
• Locate new mineralized zones and prospects.
• Define drilling targets.

Previous drilling on the East Main Taylor Brook deposit confirmed that the zone continues westerly and at depth.  Further exploration is warranted, as the deposit has not been delineated laterally to the east or west, nor to depth.  The deposit appears to have a nucleus of higher grade massive sulphides concentrated in the northwest of the deposit that remains untested.  This deposit appears to have several mineralized horizons and is folded with faulted offsets.  The IP anomaly lying 350 meters west of the Taylor Brook deposit remains unexplained.  Historical drilling direction appears to be directed northeast; however it would be prudent to drill in other directions if folding and faulting suggest other mineralized directions.

Compilation of data will continue and preparation of longitudinal sections to better defines future diamond drill collar locations.  A geological model must be created in order to understand the resources.

From review of the geology map together with the recent geophysical surveys, there are several areas in which to follow up.  Several mineralized areas have not been significantly drill tested.  Additional drilling is needed in order to complete an updated mineral resource estimate as outlined in the 2011 mineral resource report (see website for details).

A favourable geological setting together with results of the work done to date (see press releases dated December 16, 2018 and March 4, 2019) show that the property has the potential for additional drill untested geophysical targets, specifically at depth.

 

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 a fair 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 deposit in the Bathurst Mining Camp, New Brunswick, Canada.  In addition to the Taylor Brook property, other properties of merit have been submitted to Jaeger which needs to be evaluated more thoroughly.

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-June 3, 2019-Jaeger Resources Corp. (“Jaeger”) (TSXV:JAEG) is pleased to announce that, subject to the approval of the TSX Venture Exchange, Stratabound Minerals Corp. (“Stratabound”) (TSXV:SB) has accepted an agreement amendment from Jaeger regarding their Option Agreement (the “Agreement”) with Stratabound to acquire an 80% interest in the Taylor Brook Property (see press release dated February 22, 2017).

Terms of the amendment extend the Agreement to February 22, 2023 and for Jaeger to make $500,000 (the original exploration commitment) in cumulative Exploration Expenditures on the Property and maintain the Property in good standing. This includes $125,000 in cumulative Exploration Expenditures by February 22, 2020; $200,000 by February 22, 2021; and $300,000 by February 22, 2022.

A new section was added to the Agreement. This section requires (i) any grants received by Stratabound under the New Brunswick Junior Mining Assistance Program (“NG Grants”), whereby initial grant deposits or the grant balance will be transferred to Jaeger within 10 days of Jaeger providing invoices totaling the matching amount of the grant deposit or grant balance.
In exchange for Stratabound’s acceptance of the above modifications to the work commitment requirements, Jaeger agrees to issue to Stratabound an additional 1,600,000 common shares as of the latter of the effective date of this agreement amendment, and the receipt by Jaeger of the 2018 $12,000 New Brunswick Grant owed to Jaeger by Stratabound. The share issuance is subject to a four-month hold period.

This agreement amendment will allow Jaeger additional time to explore and evaluate the Taylor Brook Property.

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 a fair 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 deposit in the Bathurst Mining Camp, New Brunswick, Canada. In addition to the Taylor Brook property, other properties of merit have been submitted to Jaeger which need to be evaluated more thoroughly.

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.