Completion Of Phase I Exploration On Magusi West Gold Project

VANCOUVER - EagleOne Metals Corporation reported the completion of its Phase 1 exploration program on the Magusi West Gold Project it holds in southern Hebecourt Township, Quebec. The Project is situated within the Abitibi Greenstone Belt, one of the world's most richly endowed gold producing regions with over 200 million ounces of gold produced to date. The Project is well-located within the district with past and present operating gold mines to the west, as well as numerous past and present copper and gold mines to the east. The Company feels this strategic location represents an exciting and untapped opportunity.

The Phase I program on the Project consisted of detailed ground geophysics comprised of magnetometer, very low frequency electromagnetic (VLF-EM) and induced polarization (IP) surveys. This work was followed by soil sampling, outcrop stripping, and channel sampling, plus geological mapping and whole-rock sampling of selected exposed outcrops to detect lithogeochemical indicators for potential gold and base metal (copper, zinc) mineralization.

The Company's consulting geologists are in the process of closely reviewing and compiling results from the soil sampling and geophysical surveys and will interpret how they are represented in the known geology of the Project. These results are being added to the previously data to further enhance this compilation work. A review of the geophysical surveys is also ongoing.