EAGLE PLAINS RES LTD - EGPLF STOCK NEWS

Eagle Plains Resources Ltd. has announced that its option partner, Pacific Imperial Mines Inc., has mobilized a geophysical team to the Brownell Lake project in Saskatchewan. This project is located 17 km northwest of Deschambault Lake and spans 1863 hectares. PPM may earn up to a 60% interest by investing $5 million, issuing 1 million shares, and making $500,000 cash payments over four years. A Time Domain Electromagnetic (TDEM) survey will cover 12 line kilometers to enhance mineralization understanding. Historical drilling has shown promising results, including 3.35 m of 0.48% Cu and 2.28% Zn. Despite the positive data, Eagle Plains cautions these results are historical and not current mineral resources according to NI 43-101 standards. This exploration effort is part of a broader strategy to enhance shareholder value through mineral project development.

Eagle Plains Resources Ltd. has acquired a strategic mineral disposition within its Pine Channel Gold Property, which includes historical Algold Bay mineralization. Apogee Minerals Ltd. holds the exclusive option to acquire an 80% stake in the property. Algold Bay's tenure, active since 1979, has reported significant gold mineralization with values up to 100.1 g/t Au. The Pine Channel Property spans 6,519 hectares and contains 29 mineral dispositions, with numerous recorded mineral showings. The agreement requires Apogee to invest CAD $3 million over four years, issuing shares and cash payments to Eagle Plains.

Eagle Plains Resources Ltd. has entered into an option agreement with Pacific Imperial Mines Inc. concerning the Brownell Lake VMS-polymetallic exploration project in Saskatchewan. PPM can earn up to a 60% interest by investing $5 million in exploration, issuing 1 million shares, and making $500,000 in cash payments over four years. Historical drilling at Brownell Lake indicated significant mineralization, including 0.48% Cu and 2.28% Zn over 3.35 m. The company plans to conduct further geophysical surveys to explore the project's potential.

Eagle Plains Resources Ltd. (TSXV:EPL) recently announced the mailing of its management information circular on March 17, 2023, ahead of a special securityholder meeting set for April 26, 2023. This meeting pertains to a capital reorganization plan that involves transferring a majority of its royalty interests to Eagle Royalties. The company has garnered significant backing, securing approximately 25% of common shares, 75% of options, and 44% of warrants in support of this Arrangement. The restructuring aims to enhance the valuation of Eagle Plains' royalty assets and focuses on advancing grassroots exploration properties in Western Canada.

Eagle Plains Resources has entered a formal option agreement with Brunswick Exploration granting Brunswick the exclusive right to acquire a 100% interest in the Hanson North lithium project in Saskatchewan. The total consideration is $70,000 and $100,000 in exploration expenditures over two years. Milestone payments could total $500,000 upon filing a resource estimate and a preliminary economic assessment. The agreement is subject to regulatory approval. Eagle Plains recently staked 2 properties in British Columbia and 4 in Saskatchewan, totaling 19,503 ha, focusing on lithium mineralization.

Eagle Plains Resources Ltd. has announced significant developments, including an upcoming spin-out of Eagle Royalties, expected to be finalized by late April 2023. The Company reported substantial cash reserves over $11 million and consistent revenue exceeding $1 million annually from its wholly-owned subsidiary, TerraLogic. Recent mineralization at the Vulcan property shows promising drill results, with a planned aggressive drilling program commencing in mid-June 2023. Additionally, Eagle Plains is actively pursuing lithium-related acquisitions, enhancing its exploration portfolio in British Columbia and Saskatchewan.

Eagle Plains Resources Ltd. has announced the successful acquisition of two properties in British Columbia and four in Saskatchewan, totaling 19,503 hectares. These areas are deemed prospective for lithium mineralization, specifically targeting spodumene deposits based on favorable geochemical data and geological mapping. This acquisition follows extensive research and is owned 100% by Eagle Plains, potentially subject to royalties from Eagle Royalties Ltd., its subsidiary. The company also plans to explore existing lithium prospective properties and advance other critical metal projects during the 2023 field season.

Eagle Plains Resources Ltd. (TSXV:EPL) has announced that SKRR Exploration Inc. (TSXV:SKRR) has fulfilled the earn-in requirements to acquire a 75% interest in the Olson Project and a 100% interest in the Cathro Project. The Olson Project spans 11,219 hectares and is known for orogenic gold mineralization, with historical drill results showing 2.07 g/t Au and grab samples up to 105.52 g/t Au. The Cathro Project covers 3,277 hectares and also hosts known gold occurrences. Eagle Plains will retain a 2% NSR on the Cathro property, enhancing its strategic position in the region.