News

Eagle Plains Acquires Acacia VMS Property, South-Central BC

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) is pleased to announce that the Company has recently completed staking within a mineralized belt of rocks considered to have high potential for hosting Volcanogenic Massive Sulphide (VMS) deposits. These deposits typically contain both base and precious metals, and occur in clusters and/or stacked lenses.

Eagle Plains Shareholders Approve Shareholder Protection Rights Plan

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) is pleased to announce that shareholders have approved the Shareholder Protection Rights Plan Agreement (the "Rights Plan") at the annual and special shareholders meeting held in Calgary, Alberta on May 30, 2000. The directors are now authorized to implement the Rights Plan, at such time and under such circumstances as the directors, in their sole discretion, shall determine.

Eagle Plains Executes Agreement with Rio Algom Exploration on Bootleg Base-Metal Property, Southeastern B.C.

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) has formalized an agreement with Rio Algom Exploration Inc. on Eagle Plains' 100% owned Bootleg project located 1.5 km west of Kimberley, British Columbia. The property is situated 5 km from Cominco's world-class Sullivan deposit, and is contiguous with the Sullivan crown grants.

Eagle Plains Completes $350,000 Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:CDNX) announces that it has closed a non-brokered flow-through private placement to arms length and non-arms-length investors. $350,000 was raised through the sale of 1.4 million common shares at a price of $.25 per share. No commission or finders fees were granted relating to the transaction. The shares will have a four month hold period expiring September 15th, 2000.

Newmont Enters Agreement With Novagold to Explore Eagle Plains' McQuesten Gold Property, Yukon

Eagle Plains Resources Ltd. (EPL:CDNX) wishes to report that NovaGold Resources Inc. (NRI:TSE) announced today that they have entered an agreement with Newmont Exploration of Denver, Colorado to explore the McQuesten (formerly Wayne) property, located in the Keno Hill Mining District, 40 kilometers northeast of Mayo, Yukon. The property consists of 46 quartz mining claims and is accessed via the all-weather Silver Trail highway with an adjacent hydro-electric power transmission line.

Newmont Enters Agreement With Novagold to Explore Eagle Plains' McQuesten Gold Property, Yukon

Eagle Plains Resources Ltd. (EPL:CDNX) announces that it intends to complete a non-brokered flow-through private placement to arms length and non-arms-length investors. Application will be filed with the CDNX to sell up to 1.6 million shares at a price of $.25 for maximum proceeds of $400,000. The financing is anticipated to be closed by late April.

Eagle Plains signs Letter of Intent with Rio Algom Exploration on Bootleg base-metal Property, southeastern B.C.

Rio Algom Exploration Inc. has signed a Letter of Intent with Eagle Plains Resources Ltd. (EPL:CDNX) on its 100% owned Bootleg project located 1.5 km west of Kimberley, British Columbia. The property is situated just 5 km from Cominco's world-class Sullivan deposit, and is contiguous with the Sullivan crown grants.

1999 Program Completed on Eagle Plains' North Findlay Property, southeastern British Columbia

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) has successfully completed a $400,000 two-phase exploration program on its 100% owned North Findlay property, located 40km northwest of Kimberley, B.C.. Billiton Exploration Canada Inc. ("Billiton") may earn a 50% interest in the 208 unit (12,600 acre) property by spending $2,000,000 on exploration over four years.

Pages