Acquisition of Hercules Silver Property

TORONTO - Bald Eagle Gold Corp. has received approval for the acquisition by way of a share purchase agreement of the Hercules Silver Property located in Washington County, Idaho. The purchase has been completed with the acquisition of all the issued and outstanding shares of 1218530 B.C. Ltd. from the sole shareholder of 1218530.

The 866-hectare Hercules Silver Property, on the northwestern shoulder of Cuddy Mountain and 200 kilometers northwest of Boise, Idaho , consists of 40 unpatented lode mining claims, one patented lode claim and an additional 475 hectares of private land with attendant access, exploration, mining, milling and water rights. Cuddy Mountain is an uplifted and tilted fault block of accreted Mesozoic terrane about 19 kilometers across, characterized by open grassy slopes. It is surrounded on all sides by rocks of the Columbia River Basalt Group. The core of the mountain is a Triassic-Jurassic sequence of volcanics, volcaniclastics and sediments.

The Cuddy Mountain conglomerate, the basal unit, is 61 meters to 122 meters thick. It grades upwards into fragmented andesite. The Jurassic ash-flow Hercules Rhyolite, which contains the silver mineralization identified historically, overlies the andesite unit. Maximum thickness of the rhyolite, ranges from 91 meters to 122 meters.

The rhyolite, where not exposed, lies below the Brownlee unit which is composed of andesitic pyroclastic tuffs, lenses of manganiferous limestone and lesser amounts of shale and sandstone.  Silver values in the 300 to 950 g/t range and generally associated with fractured, shattered and brecciated zones within the Hercules Rhyolite have been recorded in drilling and channel sampling.

Mineralization has been identified over 4,800 meters of exposed Hercules Rhyolite, with targets from south to north including the Belmont , Haystack Ridge, Fishpond, Hercules Adit, Hercules Ridge and Grade Creek zones.