EAGLE PLAINS RES LTD - EGPLF STOCK NEWS

Eagle Plains Resources has been informed by its option partner, Rockridge Resources, that a winter exploration program has commenced at the Knife Lake Project in Saskatchewan. This project covers a significant VMS deposit across 32,663 hectares. Rockridge is conducting a 459-line kilometer airborne electromagnetic survey to evaluate high-priority targets, with the potential for discovery both at depth and regionally. The deposit reportedly contains copper, zinc, silver, and cobalt, with a maiden resource estimate indicating 3.8 million tonnes at 1.02% CuEq.

Eagle Plains Resources has announced the completion of an 18-hole drilling program on its 100%-owned Olson property in Saskatchewan, funded by SKRR Exploration. The drill program totaled 2,981 meters and tested seven target areas. SKRR can earn a 75% interest in the property through substantial exploration expenditures and share payments. Historical data shows promising gold mineralization, including notable grades of 2.07 g/t and up to 105.52 g/t Au. Following favorable results, an expanded drill program is expected in the summer of 2021.

Eagle Plains Resources has mobilized drilling crews for its 100%-owned Iron Range Project in British Columbia, with a planned 7-10 hole diamond drilling program expected to take 2-3 weeks. Previous drilling in 2008 yielded results up to 7.0m grading 51.52g/t gold. The project is part of an option agreement allowing the partner to earn up to a 60% interest by spending $3.5 million on exploration. Additionally, amendments to an agreement with 37 Capital will provide Eagle Plains with common shares in lieu of unmet exploration expenditures.

Eagle Plains Resources Ltd. has suspended drilling at its 100%-owned Donna Project due to severe winter conditions and heavy snowfall, preventing safe access for crews and water supply. Drilling progressed 300m but did not reach the target depth. The program aimed to explore high-grade gold and silver mineralization and will resume in Q2 2021. Updates also provided for Olson and Kalum projects, with successful drilling noted at Olson. Recently, a non-brokered private placement raised $529,060 to support ongoing exploration.

Eagle Plains Resources Ltd. has initiated a drilling program on its 100%-owned Donna Project in British Columbia, targeting gold and silver mineralization in 5-7 holes, totaling 1,500 meters. The area shows significant potential due to historical findings and geochemical anomalies. Additionally, Eagle Plains has an agreement to earn a 100% interest in the nearby Dictator Property, involving substantial exploration expenditures. Recent assays from the Dictator site indicate promising gold and silver values, highlighting the company's strategic focus on mineral exploration and resource development.

Eagle Plains Resources has mobilized crews for a 12-hole, 1,850-meter diamond drilling program at its 100%-owned Olson property in Saskatchewan, aiming to investigate previously drilled gold zones and new targets based on recent geological studies. The program, funded by SKRR Exploration, will test three key areas: Jena/Juba, Point-Tuscan, and Sisko, identified through extensive past exploration data. The Olson project has historical gold intersections of up to 2.07 g/t Au and is considered underexplored, with potential for significant mineral discoveries.

Eagle Plains Resources Ltd. has successfully closed a non-brokered private placement, raising a total of $529,060 CDN. This includes 1,015,000 non-flow-through units at $0.16 CDN each and 2,037,000 flow-through units at $0.18 CDN each. The proceeds will be allocated for exploration projects in British Columbia and Saskatchewan, enhancing shareholder value. The company is committed to responsible exploration practices and has invested over $20M in projects since 2011. The common share purchase warrants are exercisable at $0.30 CDN for 24 months.

CRANBROOK, BC – Eagle Plains Resources Ltd. (TSXV:EPL) announced that shareholders approved all resolutions during the Annual and Special Meeting held on September 24, 2020. Key decisions included the election of six directors, the appointment of Crowe MacKay LLP as auditors, and the renewal of the Stock Option Plan. The company maintains financial health with $5.9M cash, over $3.4M in short-term investments, and no debt. Eagle Plains continues to advance various mineral exploration projects across western Canada while its subsidiary generates revenue through consulting services.

Eagle Plains Resources Ltd. intends to complete a non-brokered private placement totaling $520,000 CDN, consisting of both non-flow-through and flow-through units priced at $.16 and $.18 CDN, respectively. Each unit includes a common share and half a purchase warrant, exercisable at $.30 CDN for a 24-month period. Proceeds will fund exploration in British Columbia, Saskatchewan, and Yukon. The company has previously invested over $20M in its projects since 2011, focusing on gold, uranium, and base metals, in a region recently recognized for its investment attractiveness.