EAGLE PLAINS RES LTD - EGPLF STOCK NEWS

Eagle Plains Resources Ltd. has initiated a diamond drilling program at its 100% owned Iron Range Project in Southern British Columbia. The drilling, consisting of 5-6 holes totaling 3,500 meters, is expected to last 8-9 weeks, with Hole IR22049 currently reaching 725 meters. The option partner can earn a 60% stake by investing $3.5 million and making $250,000 in cash payments to Eagle Plains. The project has historically shown potential for iron-oxide copper-gold and lead-zinc-silver mineralization, although past drilling has yielded varying results.

Eagle Plains Resources (TSXV:EPL) and Shooting Star Acquisition Corp. have signed an option agreement for the Eldridge Property in Saskatchewan. Shooting Star can earn a 60% interest by investing $4 million, paying $500,000, and issuing 1 million shares over four years. The Eldridge Property covers 13,500ha and is situated in a geologically promising area. Historical exploration has been minimal, but recent assessments indicated significant gold potential, with assays ranging from 0.1 - 9.7 ppb. A follow-up exploration is recommended to further evaluate the property.

Eagle Plains Resources announces that its option partner Rockridge Resources plans to initiate a fully funded drilling program at the Knife Lake Copper VMS Project in Saskatchewan, set for mid-July 2022. The program targets geophysical areas identified in 2021, focusing on the highly prospective Gilbert Lake zone while evaluating other targets across the property, which spans 56,865 hectares. Rockridge has secured contracts for necessary logistics and aims to update shareholders on the exploration progress, highlighting the project's potential in a favorable mining jurisdiction.

Eagle Plains Resources has completed a 10-hole, 1867m drill program at its 100%-owned Olson property, revealing significant gold mineralization across various zones. SKRR Exploration may earn up to a 75% interest in the Olson property through a structured agreement. Key findings include 50.35m @ 0.56 g/t Au at Michael's Lake and 8.07m @ 1.62 g/t Au at the Olson Zone. The program, fully funded by SKRR, confirms the presence of high-grade gold and extends known mineralized trends. The Olson property remains significantly underexplored, with numerous opportunities for further discoveries.

Eagle Plains Resources and SKRR Exploration have initiated a 10-hole, 1850m diamond drilling program at the Olson property in Saskatchewan. This program follows previous successful drilling efforts that identified significant gold mineralization. SKRR can earn up to 75% interest in the property over three years. The project targets multiple known zones, including Olson, Ackbar Lake, and Michael's Lake. Drilling is expected to last four weeks, with results anticipated to play a crucial role in assessing the area's gold potential.

Eagle Plains Resources has successfully staked 8,903 hectares for its newly acquired Adamant Project, situated 45 km southeast of Mica Creek, British Columbia. This project features high-grade metamorphic rocks with significant potential for critical metals like Rare Earth Elements (REE), niobium (Nb), and molybdenum (Mo). Notably, previous sampling reports indicated up to 31,337 ppm REE and 481.2 ppm Nb. The acquisition aligns with the Canadian government's push for stable critical element supplies, enhancing the company’s portfolio and positioning within the industry.

Eagle Plains Resources has entered a formal option agreement with Aben Resources allowing Aben to earn a 100% interest in the Slocan Graphite Project in British Columbia, subject to regulatory approval. Aben must invest $1M in exploration, issue 850,000 shares, and pay $150,000 over three years. The project, comprising 2,387 ha, has potential for large flake graphite deposits, supported by infrastructure and previous geophysical surveys indicating significant mineralization. Additionally, Eagle Plains has terminated its agreement with 37 Capital regarding the Acacia Property.

Eagle Plains Resources Ltd. (TSXV:EPL) has finalized four agreements to sell a 100% interest in various uranium claims in the Athabasca Basin, Saskatchewan. The claims, deemed non-core by management, will generate approximately CDN$460,000 in value through common shares from buyers such as Uranium Energy Corp., ALX Resources Corp., Pegasus Resources Inc., and IsoEnergy Inc. These transactions allow Eagle Plains to retain significant royalty interests while minimizing exploration risks. The company continues to hold strategic uranium assets in the region.