News

Eagle Plains/Navy Resources Execute Option Agreement on Vulcan Property, South-eastern British Columbia

Cranbrook, B.C., 22 December, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) and Navy Resources Corp. (a private B.C. company) announce that they have executed a formal option agreement whereby Navy may earn an undivided 60% interest in Eagle Plains’ 100% owned Vulcan Property located 30km northwest of Kimberley, British Columbia. Under terms of the agreement, Navy will complete exploration expenditures of $3,000,000, make cash payments of $250,000 and issue 1,000,000 common shares to Eagle Plains over a fifty-four month period.

Eagle Plains/ Partners Complete Major Airborne Geophysical Survey

Cranbrook, BC, December 19th, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) and various individual option partners have recently completed the largest privately-funded airborne geophysical survey ever carried out in the Kootenay region of British Columbia. A total of 4,280 line-km was flown over Eagle Plains’ various projects in the region, for an overall expenditure of over $1,000,000.

Eagle Plains Shareholders Meet to Consider Yellowjacket Spinout

Cranbrook, BC, December 15th, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) will hold its Annual and Special Meeting today (December 15th) to consider, and if approved, proceed with the Plan of Arrangement involving the spinout of Eagle Plains’ Yellowjacket Project, located in north-western British Columbia, as originally announced September 29th, 2011. The spin-out company will be called Yellowjacket Resources Ltd. and will be listed on the TSX Venture Exchange.

Eagle Plains/Olympic Announce Drill Results from Dragon Lake Gold Project, Yukon

Cranbrook, BC, November 22, 2011: Eagle Plains Resources Ltd. (TSX-V:EPL) and Olympic Resources Ltd. (TSX-V:OLA) announce that drill results have been compiled and interpreted from a drill program conducted during the summer on the 2,300 acre Dragon Lake project (the “Property”) located 85km northeast of Ross River, Yukon. A total of 660m was completed in 6 holes which tested three separate zones of mineralization on the property. Total cost of the program was $450,000.

Eagle Plains and Gold Royalties Corporation Execute Agreement on Blende NSR

Cranbrook, B.C., 01 November, 2011: The Board of Directors of Eagle Plains Resources Ltd. (TSX-V:EPL) (the “Company” or “Eagle Plains”) announces that it has executed an agreement with Gold Royalties Corporation, whereby Gold Royalties Corporation has purchased the 2% Net Smelter Royalty (“NSR”) currently held by Eagle Plains relating to any future production at the Blende Property, located in central Yukon approximately 65km NE of Keno.

Eagle Plains Announces Proposed Spin-Out of Yellowjacket Gold Project

Cranbrook B.C., 29 September, 2011: The Board of Directors of Eagle Plains Resources Ltd. (TSX-V:EPL) (the “Company” or “Eagle Plains”) is pleased to announce its plan (subject to court, shareholder and regulatory approval) to transfer the Company’s Yellowjacket Gold Project under a Plan of Arrangement (the “Arrangement”) in an effort to maximize shareholder value. The project as described below will be transferred into a new company, incorporated under the name Yellowjacket Resources Ltd.

Eagle Plains/49 North Subsidiary Execute Option Agreement for Goatfell Property, South-eastern British Columbia

Cranbrook, B.C., 26 September, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) reports that it has entered into an agreement with 101191710 Saskatchewan Ltd., a subsidiary of 49 North Resources Inc. (FNR:TSXV), whereby 101191710 Saskatchewan Ltd. may earn an undivided 60% interest in Eagle Plains’ Goatfell Property located 30km east of Creston, British Columbia. Under terms of the agreement, 101191710 will complete exploration expenditures of $3,000,000 make cash payments of $250,000 and issue 1,000,000 common shares to EPL over a four year period.

Eagle Plains/Bethpage Capital Corp Execute Option Agreement for Hall Lake Property, South-eastern British Columbia

Cranbrook, B.C., 16 September, 2011: Eagle Plains Resources Ltd. (EPL:TSX-V) announces that it has entered into a formal option agreement with Bethpage Capital Corp., (a private B.C. company), whereby Bethpage may earn an undivided 60% interest in Eagle Plains’ 100% owned Hall Lake Property located 30km west of Kimberley, British Columbia. Under terms of the agreement, Bethpage will complete exploration expenditures of $3,000,000, make cash payments of $260,000 and issue 1,000,000 common shares to EPL over a fifty-four month period. 

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