News

Kobex Terminates Option on Eagle Plains’ “Titan” Molybdenum Project

Cranbrook, B.C., 17 December, 2004: Eagle Plains Resources Ltd. (EPL:TSX-V) has been notified by Kobex Resources Ltd. (KBX – TSX-V) that Kobex has terminated its option agreement with Eagle Plains on the Titan molybdenum project located west of Atlin, BC. Eagle Plains believes that potential for a high grade molybdenum resource still exists on the property and will seek to advance the project with participation by a joint venture partner.

Eagle Plains Extends Warrant Expiry Date

Cranbrook, BC; 16 December, 2004: The Board of Directors of Eagle Plains Resources Ltd. (TSX-V:EPL) has elected (subject to regulatory approval) to extend existing warrants with a current expiry date of December 31st, 2004. Each warrant will entitle the holder to acquire one additional common share at a price of $1.00 per share, now exercisable until April 30th, 2005.

Drilling Intersects Widespread, High-Grade Gold Mineralization on Eagle Plain’s Kalum Project

Cranbrook, B.C., 09 December, 2004: Eagle Plains Resources Ltd. (TSX-V:EPL) has received analytical results for a 19-hole, 6,421’ (1,958m) diamond drilling program which commenced in late August 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).

Eagle Plains Renews Investor Relations Contract, Initiates Consulting Contract, Issues Incentive Options

Cranbrook, B.C., 07 December, 2004: Eagle Plains Resources Ltd. (TSX-V:EPL) has extended the contract with A. Schwab and Associates Inc. (“Schwab”) to perform investor relations services for the company for an additional six-month term, commencing immediately. An additional 50,000 share options will be issued to Schwab, exercisable at a price of $.65 per share for a 5 year period. All other terms under the original contract, including remuneration, shall remain unchanged.

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.

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