News

Eagle Plains Completes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a non-brokered private placement to an arms-length corporate entity, as announced February 12th, 2003. A total of $150,000 CDN was raised through the issuance of 600,000 units at $.25 CDN per unit. Units consist of a non flow-through common share and a two-year warrant to acquire an additional common share, exercisable at $.30 the first year and $.35 for the second year. The subject securities are restricted from trading for a one-year period.

Eagle Plains Signs Letter of Intent with Viceroy on B.C. Gold-Copper Porphyry Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) and Viceroy Resource Corporation (VOY: TSE) have signed a Letter of Intent whereby VOY may earn an interest in the Kopper King and KK mineral claims held 100% under option by Eagle Plains. The claims consist of 71 units (4300 acres) located approximately 65km southwest of Telegraph Creek in north-western British Columbia, and overlie the Copper Canyon alkalic porphyry gold-copper deposit.

Eagle Plains Stakes Terrace, BC area High-Grade Gold Occurrences

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed staking activity and received title to a 489-unit (29,700 acre) claim block located 30km northwest of Terrace, near the central coast of British Columbia. The claims cover a number of high-grade gold occurrences related to a Cretaceous-aged granitic intrusive stock with kilometer-scale dimensions.

Diamond Drilling to Commence Immediately on Abo (Harrison Gold) Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has received notice from Northern Continental Resources Ltd. (NCR:TSX-V) that permits are in place for work on the Abo (Harrison Gold) Project (the Property) on Bear Mountain near Harrison Hot Springs in south-western British Columbia. The work program, currently underway will consist of road maintenance, rehabilitation of the adits (Jenner and Portal) and diamond drilling on the Hill Zone intrusion.

Diamond Drilling to Commence Immediately on Abo (Harrison Gold) Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it intends to complete a non-brokered private placement with an arms-length corporate entity. Application will be filed with the TSX Venture Exchange (TSX-V) to sell up to 600,000 units at a price of $.25 CDN per unit. Units will consist of a non flow-through common share and two-year warrant, exercisable at $.30 CDN for a one-year period and $.35 for a second year. Maximum gross proceeds of the offer are expected to be $150,000. No finders fees or commissions will be paid.

Eagle Plains Completes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a private placement to directors and officers, as announced January 14, 2003. A total of CDN$174,000 was raised through the issuance of 1,160,000 units consisting of a flow-through common share and a warrant to acquire an additional common share, exercisable at $.20 for two years. The subject securities are restricted from trading for a one-year period. No finders fees or commissions were paid.

Eagle Plains Stakes Additional Cranbrook Area Gold Target

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed staking and received 100% title to a 45-unit claim block (2700 acre) property located 50km west of Cranbrook, BC. The claims were named “Cretin” and cover a large (7.5 square-km) Cretaceous-aged granitic intrusive known as the Hall Lake Stock, which is hosted by Aldridge and Creston formation sediments.

Eagle Plains Acquires Cranbrook, BC Area Gold Occurrences

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed staking activity and received 100% title to an 8-unit claim block (486 acres) located in the Wildhorse River area, 30 km northeast of Cranbrook, BC. The Wildhorse was the site of British Columbia’s third largest placer gold rush, and saw extensive placer mining activity beginning in 1864, with over 1,500,000 ounces of gold extracted from its gravels. Active placer mining operations are currently in place along the river, though no major hard-rock source has ever been identified.

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 directors and officers of the Company. Application will be filed with the TSX Venture Exchange (TSX-V) to sell up to 1.1 million units at a price of $.15 CDN per unit. Units will consist of a flow-through common share and warrant, exercisable at $.20 CDN for a two-year period. Maximum gross proceeds of the offer are expected to be $165,000. No finders fees or commissions will be paid.

Eagle Plains Resources Gold Project Review

Cranbrook, B.C.: The Board of Directors of Eagle Plains Resources Ltd. (EPL:TSX-V) wishes to provide an update of the Company’s current gold exploration projects in British Columbia and Yukon Territory. During the recent downturn in exploration activity, EPL has been actively researching and acquiring properties with good exploration potential and/or established gold resources, and has positioned itself to take advantage of improving gold prices and new governments in both B.C. and Yukon.

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