Eagle Plains Resources Announces Discovery of Rare Earth Elements (“REE’s”) and Niobium Mineralization at Ice River

Cranbrook, B.C., February 20th, 2008: Eagle Plains Resources (TSX-V:EPL) has recently received whole rock analyses from Eagle Plains 100% owned Ice River Property. Encouraging values were returned, including up to 3.0% REOs (total Rare Earth Oxides), and 5600 g/t Nb2O3 (Niobium / “Columbium” oxide).  One 2.5 meter chip sample (JBIVR048) returned 2.4% REOs.

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