Eagle Plains Appoints New Director, Grants Options to Employees, Directors
Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) is pleased to announce the appointment of Ronald K. Netolitzky to the Board of Directors.
Mr. Netolitzky has been directly involved in the mineral exploration industry in western Canada since 1964. His passion for mineral exploration and aggressive business acumen have resulted in exploration success on three western Canadian gold projects (all of which became producing mines) - the Snip and Eskay Creek deposits in British Columbia and the Brewery Creek deposit in Yukon. He was honoured with the Bill Dennis Prospector of the Year Award in 1990 by the Prospectors and Developers Association of Canada.
Mr. Netolitzky holds a Bachelor of Science degree from the University of Alberta and MSc degree from the University of Calgary, both in Geological Sciences. Ron is an officer and director in a number of public mining companies, and is currently involved in mineral exploration activity in western Canada and Argentina. He was previously Chairman of Viceroy Resource Corporation and has served formerly as its President. He is also the former Chair of both Loki Gold Corporation and Baja Gold Inc. Mr. Netolitzky continues as a Director of Quest Capital Corp. since its merger through a plan of arrangement with Viceroy Resource Corp. He is currently president of Keewatin Consultants.
Concurrent with the Board appointment, Eagle Plains has granted incentive stock options to employees and directors of the company for the purchase of a total of 235,000 shares at the exercise price of $.50 per share, expiring February 9th, 2009, representing a discount to market within allowable parameters established by TSX-V authorities.
Eagle Plains Resources continues to conduct research, acquisition and exploration projects in western Canada. Through a network of prospectors, consultants and experienced contractors in addition to seasoned employees and a well-rounded Board of Directors, the Company has assembled a diverse portfolio of gold and base-metal properties. EPL seeks to attract joint-venture participation on its properties, thereby leveraging exploration spending to the ultimate benefit of the Company’s shareholders. In recent years, Eagle Plains has completed option agreements with Billiton, Rio Algom, Kennecott, Novagold Resources/SpectrumGold Resources, Viceroy Resource Corp. and numerous other junior exploration companies, resulting in nearly 13,000m (43,000’) of drilling and over $5,000,000 in exploration spending on its properties since 1998.
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.