EAGLE PLAINS RES LTD - EGPLF STOCK NEWS

Eagle Plains Resources (TSXV:EPL) has launched an updated website at https://www.eagleplains.com. The new site offers a user-friendly, visually-rich experience with improved navigation and functionality across all devices. Key features include:

• Enhanced performance and compatibility
• Updated project filters for partner identification
• High-resolution graphics
• Modern investor overview page with introductory videos
• Updated corporate presentation
• Custom icons for important information
• Redesigned news page for easy browsing

The website aims to provide valuable information about the company and its exploration projects more efficiently.

Eagle Plains announced its 2024 exploration season, covering 26 projects in British Columbia and Saskatchewan. The exploration aims to identify deposits of gold, silver, copper, uranium, zinc, lead, and rare earth elements using advanced geochemical and geophysical methods. Partners will fund 13 of these projects, focusing heavily on uranium exploration in Northern Saskatchewan with Xcite Resources and Refined Energy Corp. Eagle Plains will independently fund exploratory work in British Columbia, particularly targeting copper-gold porphyry and epithermal deposits. Terralogic Exploration manages field operations, having recently completed several surveys. Results from these initial explorations are pending.

Eagle Plains has received conditional approval from the TSX Venture Exchange to extend the expiry date of 3,785,529 common share purchase warrants.

These warrants, initially set to expire on July 11, 2024, are now extended to July 11, 2025. The warrants were issued in connection with a non-brokered private placement completed in July 2022.

The exercise price remains at 25 cents per warrant, and the acceleration clause triggering an early expiry if the share price reaches or exceeds 50 cents for 20 consecutive trading days remains unchanged.

Eagle Plains Resources has commenced field operations at its 100%-owned Mount Polley West (MPW) gold-copper project in south-central BC. The 9663 ha project is adjacent to Imperial Metals' Mount Polley Property and Osisko Development's QR Deposit. Notably, historical trenching showed promising results with 1.12% Cu over 35m, including 7.12% Cu over 5m. The 2024 field program aims to increase the density of till sampling, focusing on areas with overlapping radiometric and magnetic geophysical anomalies. Managed by TerraLogic Exploration, the program integrates modern geophysical survey reviews and results from 2023 fieldwork to identify drill targets. Eagle Plains is actively seeking partners for the MPW project.

Eagle Plains and Xcite Resources provided an update on the Black Bay uranium project, located near Uranium City, Saskatchewan. The project includes the past-producing Black Bay Mine and five additional uranium occurrences. Data compiled for the project revealed significant uranium and gold occurrences, with trench samples showing up to 6.51% U3O8. The property hosts basement-hosted uranium mineralization typical of the Beaverlodge area. Recommendations for 2024 fieldwork will be based on these findings.

Eagle Plains Resources announced the appointment of Robert Doyle as the new Chief Financial Officer (CFO), replacing Glen J. Diduck, who is retiring. Doyle has over 30 years of experience in operations, finance, and mergers & acquisitions, and currently serves as Senior VP at Pacific Opportunity Capital. Diduck, who has been with Eagle Plains for over 25 years, will remain on the Board to provide ongoing financial advice. Additionally, Eagle Plains has granted stock options for 1,230,000 shares at $0.17 each, expiring on June 3, 2029, to key personnel. The appointment and stock options are subject to regulatory approval.

Eagle Plains Resources and Xcite Resources have released an update on their Lorado uranium project, located near Uranium City, Saskatchewan. The project encompasses past-producing Lorado mine and three additional uranium occurrences. Key highlights include road accessibility, historical production of 95,000 tonnes of uranium at 0.19% U3O8 from 1957-1960, and chip samples showing up to 0.793% U3O8 over 1.9 meters. The data compilation has revealed overlapping airborne EM and gravity geophysical anomalies, suggesting unexplored potential. Recommendations for 2024 fieldwork are forthcoming.

Eagle Plains Resources and Xcite Resources Inc. provided an update on the Don Lake uranium project, showcasing high-grade uranium mineralization. The data compilation highlighted six uranium mineral showings, structurally controlled mineralization, and excellent infrastructure. Historical drilling yielded promising results, with up to 10.7% U3O8 over 0.3m. Recommendations for 2024 fieldwork are expected based on the compiled data.

Eagle Plains Resources has completed an initial data compilation on its 9156 ha Theory Copper-Gold project in the Toodoggone District, British Columbia. The project holds potential for both epithermal gold and copper-gold porphyry deposits, situated in a highly prospective mining district. The property, owned entirely by Eagle Plains, features large contiguous land, multiple occurrences of gold-silver veins, and favorable geological settings. Recent road upgrades provide easier access to the region, with a history of encouraging mineralization and alteration. The company is actively seeking partners for the project.