News

Eagle Plains Announces Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX) announces that it intends to complete a non-brokered private placement to insiders and non-insiders in Canada. Application will be filed with the CDNX to sell up to 1 million flow-through common shares at a price of $.15 CDN per share, with maximum gross proceeds of the offer expected to be $150,000. No finders fees will be paid. The financing is anticipated to close by late May.

Eagle Plains Acquires 100% Interest in Yukon Silver/Base-Metal Deposit

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) announces that staking activities have been completed on the Blende silver/base-metal deposit located in the Wernecke Mountains, approximately 65 NE of Keno in central Yukon Territory. A total of 16 quartz claims covering approximately 800 acres were located over the deposit and adjacent areas with high exploration potential.

Eagle Plains Acquires 100% Interest in Yukon Silver/Base-Metal Deposit

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) has completed an option agreement that will allow it to earn a 100% interest in the Sprogge (Justin) gold property, located in east-central Yukon Territory about 35 kilometres south of the recently re-opened Cantung Mine. To earn its interest, Eagle Plains must make cash payments totaling $215,000 and complete exploration expenditures of $500,000 over 7 years. A 2% NSR is reserved for the vendor, half of which may be purchased at any time for $1,000,000.

NovaGold To Drill Eagle Plains’ McQuesten Gold Property, Yukon

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) and NovaGold Resources Inc. (NRI:TSE) announced today that their option agreement on the McQuesten Gold Property has been amended to include a major drilling commitment. Eagle Plains has 100% interest (less 2% NSR) in the property located in the Keno Hill Mining District, 40 kilometres northeast of Mayo, Yukon. McQuesten consists of 51 quartz mining claims (2500 acres) that are accessed by the all-weather Yukon Silver Trail highway with an adjacent hydro-electric transmission line.

Eagle Plains Acquires 100% Interest in Yukon Polymetallic Base-Metal Occurrences

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) announces that staking activities have been completed on two volcanogenic massive sulphide (VMS) occurrences located in the Pelly Mountains, 60km south of Ross River in south-central Yukon Territory. 16 quartz claims covering approximately 600 acres were located overlying areas of past exploration activity on the MM, and Eros, mineral occurrences.

Eagle Plains Acquires Gold Properties Near Salmo, BC

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) announces that it has received title to three separate claim groups located near Salmo, BC. The claims consist of a total of 38 units (2,300 acres) near Sultan Minerals' Kena project, where intensive exploration activity is currently underway.

The three claim groups (named Big Galoot, DND and IN) were targeted based on geology, access/infrastructure, and proximity to known gold mineralization as has recently been discovered by Sultan.

Airborne Geophysical Survey Commences on "Abo" Gold Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) is pleased to announce that crews and equipment have been mobilized to the Harrison Lake area of southwestern British Columbia to commence an airborne geophysical survey of the Company's 100%-owned Abo (Harrison Gold) property. Eagle Plains has contracted Fugro Airborne Surveys Corp. to carry out a 215 line-km airborne geophysical survey which will include DIGHEM( EM, magnetometer, and radiometric instrumentation.

Eagle Plains Completes "Abo" Land Acquisition, Plans Airborne Geophysical Survey

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) is pleased to announce that it has completed a purchase agreement with an arms-length individual whereby EPL may purchase a 100% interest in the Hot 4 mineral claims located 130km east of Vancouver, near Harrison Lake. The 6-unit (364 acre) property is contiguous with EPLs 100% owned claims containing the Abo (Harrison Gold) deposit, and completes the property package.

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