News

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..

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.

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.

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.