Eagle Plains Appoints David Johnston, P.ENG, Director; and Grants Options to Employees & Directors
Cranbrook, B.C.: December 21, 2005. Eagle Plains Resources Ltd. (EPL:TSX-V) is pleased to announce the appointment of David L. Johnston, BASc(Mining), MASc(Mining Engineering), to the Board of Directors. Mr. Johnston is a professional engineer who has held senior management positions at Cominco Ltd. and Cominco subsidiaries for over thirty five years.
From 1995 to 1999 David was president and general manager of Highland Valley Copper Corporation, North America's third largest open pit copper mine.
From 1990 to 1995, he served as vice president mine operations of Cominco Metals overseeing the Polaris, Snip and Magmont underground operations and three joint venture arrangements with Cominco Ltd. During this time he was responsible for assembling the project and production team that brought the Snip gold mine into production.
From 1982 – 1989 Mr. Johnston was vice president and general manager for Cominco Ltd.’s northern operations group overseeing three operating mines in the Canadian arctic and sub-arctic. His achievements during this time included leading the negotiations for the sale of the Con gold mine, implementing management strategies at the Polaris mine to allow it to become one of the most efficient base metal producers in the world, and conceiving a strategy to conclude the Pine Point operation to ensure maximum return to shareholders.
Subsequent to his graduation from the University of British Columbia in 1963 David held engineering and management positions with Valley Copper Mines, Fording Coal, and Cominco Ltd.
Concurrent with the Board appointment, Eagle Plains has granted incentive stock options to employees and directors of the company for the purchase of a total of 875,000 shares at the exercise price of $.70 per share, expiring 21 December, 2010.
The Board of Directors reports the retirement of Robert W. Termuende. Bob was a founder of Eagle Plains Resources and has served the company in exemplary fashion as a member of the board and senior advisor since 1994. The board and senior management hereby gratefully acknowledge his contributions. Bob will continue to be associated with Eagle Plains in an advisory capacity.
Eagle Plains Resources continues to conduct research, acquisition and exploration projects in western Canada. The Company controls over 30 gold and base-metal projects, many with third parties including NovaGold Inc. (NG:AMEX,TSX), Amarc Resources Ltd. - a Hunter Dickinson Group Company (AHR:TSX-V), Northern Continental Resources Inc. (NCR:TSX-V), and Golden Cariboo Resources Inc. (GCC:TSX-V). These agreements expose Eagle Plains to over $16.5 million in exploration expenditures over the next five years. In recent years, Eagle Plains has completed option agreements with Billiton Metals, Rio Algom Exploration, Kennecott Exploration, Viceroy Resource Corp. and numerous other junior exploration companies, resulting in over 27,000m (90,000 ft) of drilling and over $8,000,000 in exploration spending on its projects since 1998. During the 2005 season alone, EPL has seen over 11,300m (37,000’) of diamond drilling on its properties.
On behalf of the Board of Directors
“Charles C. Downie”, P.Geo
Exploration Manager, Director
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