News

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.

Eagle Plains and Northern Continental Execute Option Agreement on Abo Gold Project

Cranbrook, B.C.: The Board of Directors of Eagle Plains Resources Ltd. (EPL:TSX-V) announce that a formal agreement has been executed between Eagle Plains and Northern Continental Resources Inc. (NCR:TSX-V) whereby Northern Continental has acquired the option to earn a 60% interest in Eagle Plains’ wholly owned Abo Gold Property (the Property), located in the Harrison Lake area of south-western British Columbia, approximately 130km east of Vancouver.

Eagle Plains and Northern Continental Sign Letter of Intent on Abo Gold Project

The Board of Directors of Eagle Plains Resources Ltd. (Eagle Plains) and Northern Continental Resources Inc. (Northern Continental) are pleased to announce that a Letter of Intent has been executed between Eagle Plains and Northern Continental whereby Northern Continental will acquire the option to purchase a 60% interest in Eagle Plains’ wholly owned Abo Gold Property (the Property), located in the Harrison Lake area of southwestern British Columbia, approximately 130km east of Vancouver.

Eagle Plains to Acquire B.C. Gold-Copper Porphyry Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that the Corporation has completed staking activity and received title to 18 claim units (1100 acres) located 15km east of Crawford Bay, BC which cover documented copper-enriched iron-oxide mineralization. The recently-acquired Sphinx claims overlie the historic Five Metals and Gray Creek occurrences. BC government reports indicate that the Five Metals occurrence consists of “iron ore with values in silver, lead and copper”.

Eagle Plains Commences Work on B.C. Olympic Dam Target

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX) Preliminary work is now underway on Eagle Plains Resource’s (EPL:TSX) Iron Range property, located in the Goat River area 15km NE of Creston, BC. The claims consist of 74 units (4,500 acres) owned 100% by Eagle Plains and carry no underlying royalties or encumbrances. The property is well situated with respect to infrastructure with a high pressure gas pipeline, high voltage hydro-electric line and major highway within 8 km of property boundaries.

Eagle Plains Announces Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX) announces that it intends to complete a non-brokered private placement to insiders and non-insiders in Canada. Application will be filed with the CDNX to sell up to 1 million flow-through common shares at a price of $.15 CDN per share, with maximum gross proceeds of the offer expected to be $150,000. No finders fees will be paid. The financing is anticipated to close by late May.

Eagle Plains Acquires 100% Interest in Yukon Silver/Base-Metal Deposit

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) announces that staking activities have been completed on the Blende silver/base-metal deposit located in the Wernecke Mountains, approximately 65 NE of Keno in central Yukon Territory. A total of 16 quartz claims covering approximately 800 acres were located over the deposit and adjacent areas with high exploration potential.

Eagle Plains Acquires 100% Interest in Yukon Silver/Base-Metal Deposit

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) has completed an option agreement that will allow it to earn a 100% interest in the Sprogge (Justin) gold property, located in east-central Yukon Territory about 35 kilometres south of the recently re-opened Cantung Mine. To earn its interest, Eagle Plains must make cash payments totaling $215,000 and complete exploration expenditures of $500,000 over 7 years. A 2% NSR is reserved for the vendor, half of which may be purchased at any time for $1,000,000.

NovaGold To Drill Eagle Plains’ McQuesten Gold Property, Yukon

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) and NovaGold Resources Inc. (NRI:TSE) announced today that their option agreement on the McQuesten Gold Property has been amended to include a major drilling commitment. Eagle Plains has 100% interest (less 2% NSR) in the property located in the Keno Hill Mining District, 40 kilometres northeast of Mayo, Yukon. McQuesten consists of 51 quartz mining claims (2500 acres) that are accessed by the all-weather Yukon Silver Trail highway with an adjacent hydro-electric transmission line.

Eagle Plains Acquires 100% Interest in Yukon Polymetallic Base-Metal Occurrences

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) announces that staking activities have been completed on two volcanogenic massive sulphide (VMS) occurrences located in the Pelly Mountains, 60km south of Ross River in south-central Yukon Territory. 16 quartz claims covering approximately 600 acres were located overlying areas of past exploration activity on the MM, and Eros, mineral occurrences.

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