News

Cranbrook, BC; 21 November, 2007: Eagle Plains Resources Ltd. (TSX-V:EPL) announces that it intends to complete a brokered and non-brokered 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 3,500,000 Flow-through units at a price of $.80 CDN per unit, each unit consisting of a flow-through common share and a non-flow-through common share purchase warrant, each whole warrant exercisable at $1.00 CDN for an 18-month period. 

Cranbrook, B.C., 10 October, 2007: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has executed a formal option/purchase agreement with Alexco Resource Corp (AXR:TSX; AXU:AMEX) whereby Eagle Plains has granted Alexco an option to purchase Eagle Plains’ 30% interest in the McQuesten Joint Venture (currently held 70/30% by Alexco and Eagle Plains). The property is located approximately 40km north of Mayo, within the Keno Hill Mining District.

Cranbrook, B.C., 23 August, 2007: Eagle Plains Resources Ltd. (EPL:TSX-V) has commenced a 6-8 hole, 3000m (10,000’) diamond drilling program on its 100% owned Findlay Project, located 35km northwest of Kimberley, B.C.. The program targets Sullivan-type sedex mineralization, and is the first major work completed in the area since 2000. Drilling activity will follow up extensive exploration work completed by Eagle Plains and past partners Rio Algom, Kennecott and Billiton Metals during the 1990s. 

Cranbrook, B.C., 12 July, 2007: Eagle Plains Resources Ltd. (EPL:TSX-V) and Wellstar Energy Corporation (WST:TSX-V) announce that a 1651 line-km GEOTEM airborne geophysical survey was completed in June on the Kulyk Lake project. Phase 1 prospecting and reconnaissance geological mapping has also been recently completed on the property by Eagle Plains field crews.