Eagle Plains Engages A. Schwab and Associates Inc. for Investor Relations
Cranbrook, B.C., 09 June, 2004: Eagle Plains Resources Ltd. (EPL:TSX-V) has retained A. Schwab and Associates Inc. (“Schwab”) to perform investor relations services to the company for an initial six-month term, commencing June 7th. Schwab and Associates are based in Kelowna, B.C., with involvement in investor relations activities across North America and Europe. At present, Schwab has no interest, directly or indirectly in Eagle Plains or its securities. Schwab will be paid the sum of $5,000 per month and will be reimbursed for pre-approved expenses. In addition, 50,000 share options have been issued to Schwab, exercisable at a price of 50 cents per share for a five-year period. The investor relations contract is subject to regulatory approval.
Eagle Plains Resources continues to conduct research, acquisition and exploration projects in western Canada. The Company controls over 30 gold and base-metal projects, many of which are currently optioned to or joint-ventured with third parties including SpectrumGold Inc., Kobex Resources Ltd., Northern Continental Resources Inc., Shoshone Silver Mining Co., and Golden Cariboo Resources Inc. These agreements expose Eagle Plains to over $18 million in exploration expenditures over the next five years. In recent years, Eagle Plains has completed option agreements with Billiton Metals, Rio Algom Exploration, Kennecott Exploration, NovaGold Inc., Viceroy Resource Corp. and numerous other junior exploration companies, resulting in nearly 13,000m (43,000’) of drilling and over $5 million in exploration spending on its projects since 1998.
On behalf of the Board of Directors
“Tim J. Termuende”
President and CEO
Cautionary Note Regarding Forward-Looking Statements
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