News

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.

Eagle Plains Stakes Additional Cranbrook Area Gold Target

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed staking and received 100% title to a 45-unit claim block (2700 acre) property located 50km west of Cranbrook, BC. The claims were named “Cretin” and cover a large (7.5 square-km) Cretaceous-aged granitic intrusive known as the Hall Lake Stock, which is hosted by Aldridge and Creston formation sediments.

Eagle Plains Acquires Cranbrook, BC Area Gold Occurrences

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed staking activity and received 100% title to an 8-unit claim block (486 acres) located in the Wildhorse River area, 30 km northeast of Cranbrook, BC. The Wildhorse was the site of British Columbia’s third largest placer gold rush, and saw extensive placer mining activity beginning in 1864, with over 1,500,000 ounces of gold extracted from its gravels. Active placer mining operations are currently in place along the river, though no major hard-rock source has ever been identified.

Eagle Plains Announces Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it intends to complete a non-brokered private placement to directors and officers of the Company. Application will be filed with the TSX Venture Exchange (TSX-V) to sell up to 1.1 million units at a price of $.15 CDN per unit. Units will consist of a flow-through common share and warrant, exercisable at $.20 CDN for a two-year period. Maximum gross proceeds of the offer are expected to be $165,000. No finders fees or commissions will be paid.

Eagle Plains Resources Gold Project Review

Cranbrook, B.C.: The Board of Directors of Eagle Plains Resources Ltd. (EPL:TSX-V) wishes to provide an update of the Company’s current gold exploration projects in British Columbia and Yukon Territory. During the recent downturn in exploration activity, EPL has been actively researching and acquiring properties with good exploration potential and/or established gold resources, and has positioned itself to take advantage of improving gold prices and new governments in both B.C. and Yukon.

Eagle Plains and Northern Continental Execute Option Agreement on Abo Gold Project

Cranbrook, B.C.: The Board of Directors of Eagle Plains Resources Ltd. (EPL:TSX-V) announce that a formal agreement has been executed between Eagle Plains and Northern Continental Resources Inc. (NCR:TSX-V) whereby Northern Continental has acquired the option to earn a 60% interest in Eagle Plains’ wholly owned Abo Gold Property (the Property), located in the Harrison Lake area of south-western British Columbia, approximately 130km east of Vancouver.

Eagle Plains and Northern Continental Sign Letter of Intent on Abo Gold Project

The Board of Directors of Eagle Plains Resources Ltd. (Eagle Plains) and Northern Continental Resources Inc. (Northern Continental) are pleased to announce that a Letter of Intent has been executed between Eagle Plains and Northern Continental whereby Northern Continental will acquire the option to purchase a 60% interest in Eagle Plains’ wholly owned Abo Gold Property (the Property), located in the Harrison Lake area of southwestern British Columbia, approximately 130km east of Vancouver.

Eagle Plains to Acquire B.C. Gold-Copper Porphyry Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that the Corporation has completed staking activity and received title to 18 claim units (1100 acres) located 15km east of Crawford Bay, BC which cover documented copper-enriched iron-oxide mineralization. The recently-acquired Sphinx claims overlie the historic Five Metals and Gray Creek occurrences. BC government reports indicate that the Five Metals occurrence consists of “iron ore with values in silver, lead and copper”.

Eagle Plains Commences Work on B.C. Olympic Dam Target

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX) Preliminary work is now underway on Eagle Plains Resource’s (EPL:TSX) Iron Range property, located in the Goat River area 15km NE of Creston, BC. The claims consist of 74 units (4,500 acres) owned 100% by Eagle Plains and carry no underlying royalties or encumbrances. The property is well situated with respect to infrastructure with a high pressure gas pipeline, high voltage hydro-electric line and major highway within 8 km of property boundaries.

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