News

Eagle Plains Announces Financing

Cranbrook, BC; 06 December, 2004: Eagle Plains Resources Ltd. (TSX-V:EPL) announces that it intends to complete private placement to arms-length and non arms-length investors. Application will be filed with the TSX Venture Exchange (TSX-V) to sell up to 1,500,000 flowthrough common shares ("Flow-through Shares") at a price of $0.75 CDN per share and up to 750,000 non-flow-through units ("Units") at a price of $0.65 CDN per Unit.

Eagle Plains Commences Diamond Drilling on Iron Range Project

Cranbrook, B.C., 17 November, 2004: Eagle Plains Resources Ltd. (EPL:TSX-V) has commenced a three-hole, 3000’ diamond drilling program on the Iron Range project located in the Goat River area 15km NE of Creston, B.C.. The property consists of 175 units (10,815 acres) owned 100% by Eagle Plains and holds 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, railway and major highway located within property boundaries.

Eagle Plains/Northern Continental Receive Encouraging Results from Phase 1 Program on Elsiar (LCR) Copper/Moly Project

A preliminary exploration program including a 3-hole, 490m diamond drilling program has been completed on the Elsiar (LCR) property, currently under option to Northern Continental Resources (NCR:TSX-V) from Eagle Plains Resources Ltd. (EPL:TSX-V). The 200-unit (12,000 acre) claims are located in west-central British Columbia approximately 40 km north of Terrace. The property is situated 2 km north of EPL's 100% owned Kalum project, and shares many geologic similarities.

Diamond Drilling Commences on Eagle Plains’ Bohan Project

A diamond drill has been mobilized to Eagle Plains Resources Ltd.'s (EPL:TSX-V) Bohan project located 20km NE of Creston, in southeastern British Columbia. The 76-unit (4600 acre) property is 100% owned by EPL and carries no underlying royalties or encumbrances. It is road-accessible and favorably located with respect to hydro power and rail transportation infrastructure.

Initial Drilling Completed on Titan Copper/Molybdenum Project

Management of Eagle Plains Resources Ltd. (TSX-V:EPL) and Kobex Resources Ltd. (TSX-V:KBX) announce that diamond drilling has been completed on Eagle Plains’ Titan molybdenum project located 50km west of Atlin in northwestern British Columbia. The property is controlled 100% by EPL (subject to a 1.5% NSR), and consists of 107 claim units covering approximately 6,500 acres.

Resource Estimate Completed on Eagle Plains’/Shoshone Silver’s “Blende” Silver-Lead-Zinc Project

A detailed National Instrument 43-101-compliant technical report authored by B. Price, M.Sc., P.Geo. has recently been received by Eagle Plains Resources Ltd. (EPL:TSX-V) and option partner Shoshone Silver Mining Co. (SHSH:OTC) relating to the Blende deposit, located approximately 65 NE of Keno in central Yukon, Canada. Shoshone may earn a 60% interest in the 72 unit (1587 hectare) property from EPL by completing US$5,000,000 in exploration expenditures and issuing 1,000,000 common shares. A 1% NSR has been reserved for B. Kreft.

Eagle Plains Information To Be Available Through S&P Market Access Program

Eagle Plains Resources Ltd. (TSX-V:EPL) announced today that its company information will be made available via Standard & Poor's Market Access Program, an information distribution service that enables subscribing publicly traded companies to have their company information disseminated to users of Standard & Poor's Advisor Insight. The company information to be made available through this program includes share price, volume, dividends, shares outstanding, company financial position, and earnings.

Eagle Plains Commences Drilling on Kalum Gold-Silver Project

Cranbrook, B.C., 31 August 2004: Eagle Plains Resources Ltd. (EPL:TSX-V) has commenced a 10,000’ (3000m) diamond drilling program on the Kalum project located 30km northwest of Terrace, near the central coast of British Columbia. The claims consist of 540 units (32,000/13,500 ha) covering an area of approximately 10 km x 12 km, and are 100% owned by Eagle Plains (subject to a 1%NSR). 2004 work programs are budgeted at over $1,000,000, and follow encouraging results obtained during 2003 (see Sept 30, 2003 News Release).

Northern Continental Commences Diamond-Drilling on Eagle Plains’ LCR Project

Cranbrook, B.C., 23 August 2004: A 3-hole, 500m diamond drilling program has commenced on the LCR property, currently under option to Northern Continental Resources (NCR:TSX-V) from Eagle Plains Resources Ltd. (EPL:TSX-V). The road-accessible claims are located 40 km north of Terrace, in west-central British Columbia and consist of 200 units (12,150 acres). The property is situated 2 km north of EPL’s 100% owned Kalum project, and shares many geologic similarities.

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