Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) announces that it has commenced the second phase of a two-phase exploration program on its' 100% owned Dragon Lake property located in south-central Yukon, 85 km northeast of Ross River. The 1999 Phase 1 program consisted of trenching, geologic mapping and a magnetometer survey on the property. Results were encouraging, and warrant follow-up by diamond drilling. The phase-two drill program will consist of 1000 feet (300m) in two to four holes, and is expected to take 10 days to complete.