News

New gold mineralization discovered at Abo Gold Project, 2003 work program underway

Cranbrook, B.C.: The Board of Directors of Northern Continental Resources Ltd. (NCR:TSX-V) have recently provided Eagle Plains Resources Ltd. (EPL:TSX-V) with an update on the progress of the 2003 exploration program on the Abo Gold Project, located 5 km north of Harrison Hot Springs, approximately 100 km east of Vancouver, British Columbia.

Eagle Plains Acquires Option on BC Copper-Gold Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces the acquisition of an option to earn a 100% interest in the LCR mineral claims located approximately 40km northwest of Terrace, near the central coast of British Columbia. The claims consist of 100 units (6075 acres) covering copper occurrences related to Cretaceous-aged granitic intrusive stocks. The property is located near Eagle Plains’ 100% owned Kalum project (see news release February 20, 2002) and is accessed by a network of logging roads.

Eagle Plains Acquires Option on Yukon Gold Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces the acquisition of an option to earn a 100% interest in the Severance mineral claims located approximately 125km northwest of Carmacks, in west-central Yukon Territory. The claims consist of 30 units (1500 acres) covering a broad gold-in-soil geochemical anomaly identified in 2002. The property is underlain by granodiorite of the Cretaceous Dawson Range Batholith, which is intruded by Tertiary quartz-feldspar porphyry dykes.

Eagle Plains Completes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a non-brokered private placement to an arms-length corporate entity, as announced February 12th, 2003. A total of $150,000 CDN was raised through the issuance of 600,000 units at $.25 CDN per unit. Units consist of a non flow-through common share and a two-year warrant to acquire an additional common share, exercisable at $.30 the first year and $.35 for the second year. The subject securities are restricted from trading for a one-year period.

Eagle Plains Signs Letter of Intent with Viceroy on B.C. Gold-Copper Porphyry Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) and Viceroy Resource Corporation (VOY: TSE) have signed a Letter of Intent whereby VOY may earn an interest in the Kopper King and KK mineral claims held 100% under option by Eagle Plains. The claims consist of 71 units (4300 acres) located approximately 65km southwest of Telegraph Creek in north-western British Columbia, and overlie the Copper Canyon alkalic porphyry gold-copper deposit.

Eagle Plains Stakes Terrace, BC area High-Grade Gold Occurrences

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed staking activity and received title to a 489-unit (29,700 acre) claim block located 30km northwest of Terrace, near the central coast of British Columbia. The claims cover a number of high-grade gold occurrences related to a Cretaceous-aged granitic intrusive stock with kilometer-scale dimensions.

Diamond Drilling to Commence Immediately on Abo (Harrison Gold) Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has received notice from Northern Continental Resources Ltd. (NCR:TSX-V) that permits are in place for work on the Abo (Harrison Gold) Project (the Property) on Bear Mountain near Harrison Hot Springs in south-western British Columbia. The work program, currently underway will consist of road maintenance, rehabilitation of the adits (Jenner and Portal) and diamond drilling on the Hill Zone intrusion.

Diamond Drilling to Commence Immediately on Abo (Harrison Gold) Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it intends to complete a non-brokered private placement with an arms-length corporate entity. Application will be filed with the TSX Venture Exchange (TSX-V) to sell up to 600,000 units at a price of $.25 CDN per unit. Units will consist of a non flow-through common share and two-year warrant, exercisable at $.30 CDN for a one-year period and $.35 for a second year. Maximum gross proceeds of the offer are expected to be $150,000. No finders fees or commissions will be paid.

Eagle Plains Completes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a private placement to directors and officers, as announced January 14, 2003. A total of CDN$174,000 was raised through the issuance of 1,160,000 units consisting of a flow-through common share and a warrant to acquire an additional common share, exercisable at $.20 for two years. The subject securities are restricted from trading for a one-year period. No finders fees or commissions were paid.

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