Cranbrook, B.C., 23 January, 2008: Eagle Plains Resources Ltd. (TSX-V:EPL) and Sandstorm Resources Ltd (TSX-V:SSL.P) have executed a formal agreement whereby Sandstorm may earn a 60% option in the Elsiar copper-moly-gold property by making exploration expenditures of $3,000,000 and completing payments of 700,000 shares and $500,000 cash by the fifth anniversary. A 1% NSR is reserved for Eagle Plains. Sandstone may increase its interest in the property to 75% by delivering a bankable feasibility study by 2015.