Findlay Drilling Yields Significant Results

British Columbia | January 12, 1999

Cranbrook, B.C.: Partners Eagle Plains Resources Ltd. (EPL:ASE) and Miner River Resources Ltd. (MRG:ASE) announce that final results have been received from a drilling program carried out during late 1998 on their 50/50 joint-venture Findlay property located in southeastern British Columbia within the North Sullivan Camp. Operator Kennecott Canada Exploration Inc. currently has an option to earn a 60% interest in the Findlay package by completing $2,000,000 in exploration expenditures and making cash payments of $250,000 to the companies by December 31, 2000.

During the course of Kennecott's $1,200,000 1998 program, five holes were drilled totaling 1853 metres (6079 ft). Four holes were drilled in the southern portion of the property, three of which failed to yield significant mineralization. Hole 98-04, drilled in the Pico Basin near the neighbouring Greenland Creek property (see Jan. 21/98 & Nov. 13/98 news releases), encountered an extensive sheeted vein system containing lead and zinc (with accessory cadmium, copper and tungsten) mineralization. Drillhole 98-05 was collared near the northern boundary of the property to test an extensive tourmalinite alteration facies discovered in 1996 by Eagle Plains/Miner River. This hole encountered significant base-metal enrichment over 105.2m from a depth of 171.8m to 277.0m. Within this interval, 46 individual thin stratabound mineralized horizons were intersected. A summary of significant results is as follows:

Hole No.	Depth	Azimuth/Incl.	Interval	Length	Ag (ppm)	Pb (ppm)	Zn (ppm)
98-01	478.2m	085/-80	(no significant mineralization)
98-02	135.3m	049/-60	(no significant mineralization)
98-03	468.8m	100/-85	(no significant mineralization)
98-04	488.0m	080/-86	411.55- 412.84m	1.29m	-0.2	-2	25,500
			439.00- 439.34m	0.34m	7.4	3,550	7,140
98-05	282.9	166/-62	171.80- 277.00m	105.20m	5.5	1,460	42
			176.00- 176.48m	0.48m	14.4	17,700	12
			193.00- 193.17m	0.17m	32.6	18,800	30
			199.98- 200.15m	0.17m	62.2	37,500	4
			207.75- 208.08m	0.33m	29.6	22,200	32
			212.97- 213.30m	0.33m	57.0	24,200	40
			215.03- 215.35m	0.32m	41.8	16,200	30
			216.16- 216.25m	0.09m	264.0	129,500	68
			272.50- 274.00m	1.50m	205.0	134	34

Sampling was carried out by Kennecott personnel with ICP analyses performed by Chemex Labs of Vancouver, BC. Kennecott has indicated that it will carry out further work on both the Findlay and Greenland Creek projects during the 1999 field season in an attempt to vector towards economic grade mineralization.

"R. W. Termuende"
President

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com or visit our website at http://www.eagleplains.com

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.