Eagle Plains Closes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has completed a non-brokered private placement to arms-length and non arms-length investors, as announced December 3rd, 2003. A total of $632,000 CDN was raised through the issuance of 1,264,000 flow-through common shares at $.50 CDN per share. The subject securities are restricted from trading for a four-month period. A finders fee of $3,450 in cash and shares was paid in relation to certain subscribers of the offering.

Eagle Plains Announces Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it intends to complete a non-brokered private placement to arm’s-length and non-arm’s length investors. Application will be filed with the TSX Venture Exchange (TSX-V) to sell 800,000 to 1,200,000 flow-through common shares at a price of $.50 CDN per share. It is expected that a 3% finders fee will apply to a portion of the offering purchased by non-arm’s length investors. No other commissions will be paid.

Eagle Plains’ Copper Canyon to be Advanced Jointly with SpectrumGolds’ Galore Creek Project

Cranbrook, B.C.: Management of Eagle Plains Resources Ltd. (EPL:TSX-V) is encouraged by statements issued on October 31st by SpectrumGold Inc., (TSE:SGX) relating to preliminary results from a recently-completed drill program on the Galore Creek Project, located in northwestern British Columbia. SpectrumGold has confirmed its intention to drill Eagle Plains’ Copper Canyon gold-silver-copper project concurrently with exploration at Galore Creek.

Eagle Plains Completes Geophysical Survey on Titan

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that the Corporation has completed an induced polarization (“IP”) geophysical survey on the Titan Property, located 30km west of Atlin BC. Preliminary results from the survey indicate the presence of a large, high-intensity chargeability anomaly in the vicinity of high-grade mineralization discovered in outcrop earlier this summer (see EPL NR September 11/03).

Gem Quality Aquamarines discovered at Doctor Creek

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) is pleased to announce the discovery of gem quality aquamarines within the company’s existing Findlay claim group, approximately 45 km NW of Cranbrook. The Blue Hammer showing comprises ice-blue, light-greenish-blue, and white colour varieties of beryl that have been observed in at least 8 occurrences along the western margin of the mid-Cretaceous White Creek batholith.

Eagle Plains Reports Assay Results from Kalum Gold-Silver Project

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) has completed fieldwork and received final assay results on the Company’s 100% owned Kalum project, located 30km northwest of Terrace, near the central coast of British Columbia. Phase One field-work consisted of property-scale geological mapping, prospecting and rock-chip, soil and stream-sediment geochemical sampling.

Eagle Plains and SpectrumGold Execute Agreement to Consolidate Galore Creek District, Eagle Plains Closes Financing

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:TSX-V) and SpectrumGold Inc., a 59% owned subsidiary of NovaGold Resources Inc. (TSX: NRI) have reached an agreement whereby SpectrumGold may acquire up to an 80% interest in the Copper Canyon gold-silver-copper prospect adjoining their Galore Creek Project located in northwestern British Columbia, Canada.