Newmont Enters Agreement With Novagold to Explore Eagle Plains' McQuesten Gold Property, Yukon

Eagle Plains Resources Ltd. (EPL:CDNX) wishes to report that NovaGold Resources Inc. (NRI:TSE) announced today that they have entered an agreement with Newmont Exploration of Denver, Colorado to explore the McQuesten (formerly Wayne) property, located in the Keno Hill Mining District, 40 kilometers northeast of Mayo, Yukon. The property consists of 46 quartz mining claims and is accessed via the all-weather Silver Trail highway with an adjacent hydro-electric power transmission line.

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