News

Eagle Plains/Northern Continental Complete Airborne Geophysical Survey on Terrace-Area Gold Projects

Cranbrook, B.C., 01 April, 2004: Eagle Plains Resources Ltd. (EPL:TSX-V) and Northern Continental Resources (NCR:TSX-V) have recently completed an airborne geophysical survey on two separate mineral projects located 30-40km north of Terrace, in west-central British Columbia. The survey was conducted by Geotech Geophysical Ltd., and consisted of airborne magnetometer and time-domain electromagnetic (EM) instrumentation.

SpectrumGold/Eagle Plains Execute Copper Canyon Agreement, SpectrumGold Acquires Share Position in Eagle Plains

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) and SpectrumGold Inc. (SGX:TSX-V) have executed a formal option agreement under which SGX can earn a 60% interest in the Copper Canyon project from EPL by completing C$3 million in exploration expenditures, issuing 400,000 shares of SpectrumGold over the next 3 years and making property payments totaling C$250,000.

Eagle Plains/Kobex Resources Sign Letter of Intent for “Titan” High-Grade B.C. Molybdenum Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has executed a Letter of Intent with Kobex Resources Ltd.(KBX:TSX-V) whereby Kobex may earn a 60% interest from EPL in the Titan molybdenum project located 50km west of Atlin in northwest British Columbia. The property is controlled 100% by EPL (subject to a 1.5% NSR), and consists of 29 claim units covering approximately 1,700 acres.

Eagle Plains/Shoshone Silver Sign Letter of Intent for Yukon Silver/Base-Metal Deposit

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has executed a Letter of Intent with Shoshone Silver Ltd. (SHSH:OTC) whereby Shoshone may earn a 60% interest from EPL in the Blende silver/base-metal deposit located in the Wernecke Mountains, approximately 65 NE of Keno in central Yukon Territory. The property is owned 100% by EPL (subject to a 1% NSR), and consists of 16 quartz claims covering approximately 800 acres.

Eagle Plains Announces $4.5M Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it intends to complete a brokered public offering to raise up to $4,500,000 by way of Offering Memorandum to arm’s-length investors. First Associates Investments Inc. will be lead broker for the offering on a best efforts basis and subject to due diligence, though a sellers group is expected to involve various investment houses.

Eagle Plains Signs Letter of Intent with Northern Continental Resources on B.C. Gold Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) and Northern Continental Resources (NCR:TSX-V) have reached agreement (subject to regulatory approval) whereby NCR may earn an interest in Eagle Plains’ 100% controlled LCR mineral claims located 40 km north of Terrace, in west-central British Columbia.

Eagle Plains/SpectrumGold Announce McQuesten Drill Results

Cranbrook, B.C.: Management of Eagle Plains Resources Ltd. (TSX-V:EPL) announces the completion of a 3073 meter (10,080 feet) diamond drill program by SpectrumGold Inc., (TSE:SGX) and the initiation of a 70:30 SGX:EPL Joint Venture on the McQuesten Property in the Keno Hill Mining District, 40 kilometres northeast of Mayo, Yukon. The property consists of 51 quartz mining claims (2,500 acres) that are accessed by the all-weather Yukon Silver Trail highway with an adjacent hydro-electric transmission line.

Eagle Plains Closes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a non-brokered private placement to arms-length and non arms-length investors, as announced December 3rd, 2003. A total of $632,000 CDN was raised through the issuance of 1,264,000 flow-through common shares at $.50 CDN per share. The subject securities are restricted from trading for a four-month period. A finders fee of $3,450 in cash and shares was paid in relation to certain subscribers of the offering.

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