Pacific Booker Minerals Confirms Termination of Unsolicited Takeover Bid by American Eagle Gold

Vancouver, British Columbia — Pacific Booker Minerals Inc. has confirmed that American Eagle Gold Corp. has terminated its unsolicited takeover bid for all issued and outstanding common shares of Pacific Booker, ending what the company described as a hostile bid. The termination took effect immediately after American Eagle announced the decision on Friday, according to Pacific Booker’s June 8, 2026 news release.

Strategic Review Process Will Continue

Pacific Booker stated that it will continue with its previously announced strategic review process. This review is being led by an independent Special Committee of the Board, which is expected to evaluate available options for the company’s future direction.

The continuation of the strategic review suggests that Pacific Booker is still assessing ways to protect shareholder value, review corporate opportunities, and consider possible next steps following the end of the takeover bid.

Background on the Terminated Bid

The takeover bid from American Eagle Gold was unsolicited, meaning it was not initiated or invited by Pacific Booker’s board. Pacific Booker referred to the proposal as a hostile bid, a term commonly used when one company seeks to acquire another without the target company’s support.

With the bid now terminated, Pacific Booker is no longer facing the immediate pressure of that offer. However, the company’s broader strategic review remains active, which may include evaluating financing options, corporate transactions, project development plans, or other alternatives.

Technical Advisory Board Correction

Pacific Booker also issued a clarification related to its June 2, 2026 announcement concerning the establishment of a Technical Advisory Board. The company noted that Kent Zehr had been described as a Professional Engineer in that earlier release. However, his membership in the Association of Professional Engineers and Geologists of Alberta had lapsed as of December 31, 2025, so he should not have been described that way.

This correction is important because mining and exploration companies rely heavily on technical accuracy, professional qualifications, and regulatory clarity when communicating with investors and the public.

Company Contact and Market Information

Pacific Booker Minerals is listed on the TSX Venture Exchange under the symbol BKM and on the OTC Pink market under PBMLF. American Eagle Gold trades on the TSX Venture Exchange under AE and on the OTCQB under AMEGF.

The company said shareholders or interested parties who want to be added to or removed from its email news group may contact Pacific Booker by email at [email protected]. The company can also be contacted by phone at 604-681-8556.

Forward-Looking Information

Pacific Booker included a standard caution that the release contains forward-looking information under Canadian securities laws. These statements may relate to the ongoing strategic review, the work of the Technical Advisory Board, future technical reviews, possible future engagements, and the preparation of a future preliminary economic assessment.

The company noted that such information is based on management’s assumptions and estimates, and actual results may differ because of risks, uncertainties, and other factors. Pacific Booker also stated that it does not intend to update forward-looking information unless required by law.

Conclusion

The termination of American Eagle Gold’s unsolicited takeover bid marks a major development for Pacific Booker Minerals. While the immediate takeover situation has ended, Pacific Booker is still moving ahead with its strategic review under the guidance of an independent Special Committee.

For investors, the key point is that Pacific Booker’s board remains focused on evaluating the company’s options after the end of the hostile bid. The outcome of the strategic review may shape the company’s next phase and its approach to future project development, financing, and shareholder value.

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