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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.

1999 Program Completed on Eagle Plains' Greenland Creek Property, Southeastern British Columbia

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) is pleased to announce that it has received notification from optionee Kennecott Canada Exploration Inc. ("Kennecott") that it has successfully completed a $240,000 first phase exploration program on Eagle Plains' 100% owned Greenland Creek property, located 30km northwest of Kimberley, B.C..

1999 Program Completed on Eagle Plains' South Findlay Property, Southeastern British Columbia

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) is pleased to announce that it has received notification from optionee Rio Algom Exploration Inc. that it has successfully completed a first phase exploration program on Eagle Plains' 100% owned South Findlay property, located 35km northwest of Kimberley, B.C.. Rio Algom may earn a 60% interest in the 271 claim unit (16,460 acre) property by completing $2,000,000 in exploration expenditures and making cash payments of $310,000 to Eagle Plains over 4 years.

Eagle Plains Stakes High-Grade Zinc Occurrence in Yukon

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) is pleased to announce that it has completed additional staking on a high-grade zinc occurrence located 210 km north of Dawson City, Yukon. Surface occurrences were examined by Eagle Plains geologists in July of this year, and six claim units (PAMA 1-6) were staked over the mineralized showings. A staking crew was recently mobilized from Whitehorse, and secured an additional 32 units (PAMA 7-38), making the total property area approximately 1900 acres in size.

Eagle Plains Announces the Execution of a Formal Option Agreement with Billiton Exploration Canada Limited

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) (the "Company") is pleased to announce the execution of a formal Option Agreement with Billiton Exploration Canada Limited respecting the Company's North Findlay Property, the completion of a private placement with Billiton Metals Canada Inc. for gross proceeds of $450,000, and the completion of a first closing of a concurrent Unit private placement for gross proceeds of $281,000, all as initially announced May 20, 1999.

Eagle Plains Commences "Hit" Property Drilling Program

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) announces that it has commenced the second phase of a two-phase exploration program on its' 100% owned Hit property located in east-central Yukon, 210 km northeast of Ross River. The 1999 Phase 1 program consisted of trenching and geologic mapping. Results were encouraging, and warrant follow-up by diamond drilling. The phase-two drill program will consist of 1000 feet (300m) in two to four holes, and is expected to take 7 to 10 days to complete.

Eagle Plains Commences Dragon Lake Drilling Program

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) announces that it has commenced the second phase of a two-phase exploration program on its' 100% owned Dragon Lake property located in south-central Yukon, 85 km northeast of Ross River. The 1999 Phase 1 program consisted of trenching, geologic mapping and a magnetometer survey on the property. Results were encouraging, and warrant follow-up by diamond drilling. The phase-two drill program will consist of 1000 feet (300m) in two to four holes, and is expected to take 10 days to complete.

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