News

Eagle Plains Announces $4.5M Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it intends to complete a brokered public offering to raise up to $4,500,000 by way of Offering Memorandum to arm’s-length investors. First Associates Investments Inc. will be lead broker for the offering on a best efforts basis and subject to due diligence, though a sellers group is expected to involve various investment houses.

Eagle Plains Signs Letter of Intent with Northern Continental Resources on B.C. Gold Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) and Northern Continental Resources (NCR:TSX-V) have reached agreement (subject to regulatory approval) whereby NCR may earn an interest in Eagle Plains’ 100% controlled LCR mineral claims located 40 km north of Terrace, in west-central British Columbia.

Eagle Plains/SpectrumGold Announce McQuesten Drill Results

Cranbrook, B.C.: Management of Eagle Plains Resources Ltd. (TSX-V:EPL) announces the completion of a 3073 meter (10,080 feet) diamond drill program by SpectrumGold Inc., (TSE:SGX) and the initiation of a 70:30 SGX:EPL Joint Venture on the McQuesten Property in the Keno Hill Mining District, 40 kilometres northeast of Mayo, Yukon. The property consists of 51 quartz mining claims (2,500 acres) that are accessed by the all-weather Yukon Silver Trail highway with an adjacent hydro-electric transmission line.

Eagle Plains Closes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a non-brokered private placement to arms-length and non arms-length investors, as announced December 3rd, 2003. A total of $632,000 CDN was raised through the issuance of 1,264,000 flow-through common shares at $.50 CDN per share. The subject securities are restricted from trading for a four-month period. A finders fee of $3,450 in cash and shares was paid in relation to certain subscribers of the offering.

Eagle Plains Announces Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it intends to complete a non-brokered private placement to arm’s-length and non-arm’s length investors. Application will be filed with the TSX Venture Exchange (TSX-V) to sell 800,000 to 1,200,000 flow-through common shares at a price of $.50 CDN per share. It is expected that a 3% finders fee will apply to a portion of the offering purchased by non-arm’s length investors. No other commissions will be paid.

Eagle Plains’ Copper Canyon to be Advanced Jointly with SpectrumGolds’ Galore Creek Project

Cranbrook, B.C.: Management of Eagle Plains Resources Ltd. (EPL:TSX-V) is encouraged by statements issued on October 31st by SpectrumGold Inc., (TSE:SGX) relating to preliminary results from a recently-completed drill program on the Galore Creek Project, located in northwestern British Columbia. SpectrumGold has confirmed its intention to drill Eagle Plains’ Copper Canyon gold-silver-copper project concurrently with exploration at Galore Creek.

Eagle Plains Completes Geophysical Survey on Titan

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that the Corporation has completed an induced polarization (“IP”) geophysical survey on the Titan Property, located 30km west of Atlin BC. Preliminary results from the survey indicate the presence of a large, high-intensity chargeability anomaly in the vicinity of high-grade mineralization discovered in outcrop earlier this summer (see EPL NR September 11/03).

Gem Quality Aquamarines discovered at Doctor Creek

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) is pleased to announce the discovery of gem quality aquamarines within the company’s existing Findlay claim group, approximately 45 km NW of Cranbrook. The Blue Hammer showing comprises ice-blue, light-greenish-blue, and white colour varieties of beryl that have been observed in at least 8 occurrences along the western margin of the mid-Cretaceous White Creek batholith.

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