Cranbrook, B.C., 28 February, 2009: Eagle Plains Resources Ltd. (EPL:TSX-V) and Prize Mining Corp. (PRZ:TSX-V) jointly announce that the companies have executed a Letter of Intent containing the principle terms by which, subject to the satisfaction of certain conditions, the two parties will form a joint-venture to facilitate the production of gold and conduct further exploration and development of the Yellowjacket Zone on the Atlin Gold Property, located 9 kilometres east of Atlin, in north-western British Columbia.