News

Eagle Plains Commences North Findlay Program

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) announces that it has commenced a two-phase exploration program on its' 100% owned North Findlay property located 40 kilometres north of Cominco's Sullivan base metal mine at Kimberley, B. C. Phase 1 objectives are to carry out property-wide geological mapping in conjunction with soil-geochemical sampling. Phase 2 work will consist of a 5-7 hole, 6000' (1800m) diamond drilling program, and is expected to commence in late August.

CanAustra to Drill Eagle Plains' Rusty Springs Property

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:ASE) Crews have been mobilized to an area north of Dawson City, Yukon to commence a $250,000 diamond drilling project on the Rusty Springs base-metal property, owned 100% by Eagle Plains Resources Ltd. (EPL:ASE). CanAustra Resources Ltd. (CTA:ASE) has an option to earn a 60% interest in the 541 unit (27,000 acre) property by completing $2,000,000 in exploration expenditures, and making $70,000 in cash payments to Eagle Plains over 4 years.

Eagle Plains Forms Strategic Alliance With Billiton Plc

Cranbrook, B.C.: Eagle Plains Resources Ltd. (EPL:ASE) announces that it has entered into an agreement with London-based Billiton Plc through its wholly owned subsidiary Billiton Exploration Canada Limited, covering claims in the Findlay Creek area located 45 km north of the Sullivan Mine in southeastern B.C., Canada. This area is considered highly prospective for the discovery of new zinc sedex deposits located within the Proterozoic Aldridge Formation. The Sullivan deposit, owned by Cominco Ltd.

Eagle Plains/Miner River Complete Amalgamation

Calgary Alberta: The board of directors of Eagle Plains Resources Ltd. (EPL:ASE) and Miner River Resources Ltd. (MRG:ASE) announce that the respective shareholders of Eagle Plains and Miner River have unanimously approved the previously announced amalgamation of the two companies under the name "Eagle Plains Resources Ltd.". It is anticipated that the effective date of the amalgamation will be May 12th, 1999.

Eagle Plains/Miner River Sign Letter of Intent with Rio Algom Exploration on South Findlay property in southeastern B.C.

Cranbrook, B.C.:Eagle Plains Resources Ltd. (EPL:ASE) and Miner River Resources Ltd. (MRG:ASE) have signed a Letter of Intent with Rio Algom Exploration Inc. on a portion of the Eagle Plains/Miner River 50:50 joint venture Findlay Creek project located about 35 km north of Cominco's Sullivan mine in southeast British Columbia.

Eagle Plains Resources Ltd. and Miner River Resources Ltd. Propose to Amalgamate

Cranbrook, B.C.: The board of directors of Eagle Plains Resources Ltd. (EPL:ASE) and Miner River Resources Ltd. (MRG:ASE) wish to announce that they have reached an agreement in principal to amalgamate under the name "Eagle Plains Resources Ltd.". It is anticipated that the effective date of the amalgamation will be December 31, 1998.

Eagle Plains/Miner River Execute Formal Agreement with Kennecott on Greenland Creek Claims, Regain 100% Control of Findlay Creek Project

Cranbrook, B.C.: Partners Eagle Plains Resources Ltd. (EPL:ASE) and Miner River Resources Ltd. (MRG:ASE) have executed a formal option agreement with Kennecott Canada Exploration Inc. on their 50:50 joint-venture Greenland Creek property. In addition to an initial payment of $70,000 the agreement provides that Kennecott may earn a 60% interest in the 247 claim unit (15,000 acre) property by spending $2,000,000 on exploration and making total cash payments of $310,000 over a 4 year period (see News Release Nov 13, 1999).

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