Eagle Plains Agrees to Sell Coyote Creek Gypsum Project

Cranbrook, B.C., 19 October, 2006: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed an option-to-purchase agreement with CGC Inc. (a New Brunswick- registered company).  Under terms of the agreement, CGC has the right to acquire a 100% interest in EPL’s 100% owned Coyote Creek gypsum project located in the Coyote Creek area 50km NE of Cranbrook, BC.  CGC has paid to EPL the sum of $30,000 for the right to evaluate the property; the agreement expires on October 2, 2007.

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