Cranbrook, B.C., February 19th, 2007: Eagle Plains Resources (TSX-V:EPL) is pleased to provide guidance regarding the computation of shareholders' adjusted cost base for Canadian tax purposes in connection with its Plan of Arrangement (the "Arrangement") which became effective June 9, 2006. Under the Arrangement, each Eagle Plain shareholder of record on June 1, 2006 (the share distribution record date) received one common share in Copper Canyon Resources Ltd. for each common share of Eagle Plains held by such shareholder.