Eagle Plains Resumes Trading and Copper Canyon Begins Trading
Cranbrook, B.C. 21 June, 2006: Eagle Plains Resources Ltd. (“Eagle Plains”) (EPL:TSX-V) has received notice from the TSX Venture Exchange that the common shares of the spin-off company, Copper Canyon Resources Ltd. (“Copper Canyon”) (CPY:TSX-V), will be listed for trading on Thursday June 22, 2006 at 9:30am (EST) at market opening.
Concurrent with the trading commencement of Copper Canyon, the requested trading halt of Eagle Plains shares, in place since June 1, 2006, will be removed. The common shares of Eagle Plains will resume trading on Thursday June 22, 2006 at 9:30am (EST) at market opening.
Eagle Plains Resources continues to conduct research, acquisition and exploration projects in western Canada. The Company controls over 35 gold and base metal projects, many of which are joint-ventured with third parties including NovaGold Inc. (AMEX,TSX:NG), Alexco Resource Corp. (TSX-V:AXR), and Blind Creek Resources. These agreements expose Eagle Plains to over $8,000,000 in exploration expenditures over the next five years. In recent years, Eagle Plains has completed option agreements with Billiton Metals, Rio Algom Exploration, Kennecott Exploration, Viceroy Resource Corp. and numerous other junior exploration companies, resulting in over 30,000m (100,000’) of drilling and over $9,000,000 in exploration spending on its projects since 1998. During the 2005 season alone, EPL has seen over 11,900m (39,000’) of diamond drilling on its properties.
This news release has been reviewed and approved by Tim J. Termuende, P.Geo., hereby designated as a “Qualified Person” under National Instrument 43-101.
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.