Eagle Plains Acquires Yukon Zinc Project
Cranbrook, B.C., 09 May, 2007: Eagle Plains Resources Ltd. (EPL:TSX-V) has acquired by staking a 100% interest in the FIN group of mineral claims located 135km south of Ross River, Yukon. The property consists of 108 claims covering an area of some 22 square kilometers located within 12km of the Robert Campbell Highway.
The claims cover a Sedex-style mineralized system explored by past operators from 1978 to 1996. Mineralization consists of numerous lenses of massive sulphide material reported over a strike length of 1.1km, hosted by sediments of the Devono-Mississippian Earn Group.
Previous work consisted of stream-sediment sampling, geological mapping, soil geochemical sampling, geophysical surveys, and limited diamond drilling. The best reported drill intercept was 12.55% zinc and 33 g/T silver over 1.2m.
Eagle Plains plans to complete a compilation of all existing data, followed by systematic exploration of the property area.
Eagle Plains Resources continues to conduct research, acquire and explore metal projects in western Canada. The Company controls over 35 gold, base-metal and uranium projects, many with third parties including Alexco Resource Corp. (TSX-V:AXR), Wellstar Energy Corp. (TSX-V:WST), Blue Sky Uranium Corp. (TSX-V:BSK), Blind Creek Resources and Golden Cariboo Resources Inc. (TSX-V:GCC). These agreements expose Eagle Plains to over $18.0 million in exploration expenditures over the next five years. In recent years, Eagle Plains has completed option agreements with Billiton Metals, Rio Algom Exploration, NovaGold Resources, Kennecott Exploration, Viceroy Resource Corp. and numerous other junior exploration companies, resulting in over 38,000m (125,000’) of drilling and over $16,000,000 in exploration spending on its projects since 1998. During the 2006 season, EPL and its partners completed over 7,000m (23,000’) of diamond drilling on its properties.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.