Eagle Plains to reorganize royalty assets

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Cranbrook BC – The board of directors Eagle Plains Resources Ltd. (TSX-V: EPL) (the “Company” or “Eagle Plains”) is pleased to announce the formation of a separate division within the Company with the goal of maximizing shareholder value and pursuing opportunities strategic. As part of the proposed reorganization, specific royalty assets covering a wide range of products will be managed by a new wholly owned subsidiary of Eagle Plains under the name Eagle Royalties Ltd. (‘ER’)

The restructuring is designed to improve the identification and valuation of Eagle Plains’ specific royalty interests, and to ultimately allow ER to separately market, finance and develop its various assets while retaining the ability to acquire royalties. additional.

The formation of ER will enable the oversight, direction and management of a significant portfolio of royalty assets located in British Columbia, yukon and Saskatchewan relating to raw materials such as gold, silver, copper, lead, zinc, rare earths/critical elements (REE), uranium, graphite, diamonds and industrial minerals. Eagle Plains will continue to focus on its core business model of acquiring and advancing core critical and precious metals exploration properties. Work is underway to launch an independent website containing more detailed maps and descriptions of the various charges under ER management.

Tim Termuende, President and CEO of Eagle Plains recently said, “We are delighted to see the formation of Eagle Royalties and we look forward to its evolution. Eagle Plains has built this extensive royalty portfolio since its inception in 1992 and over the past thirty years has secured royalty interests on a wide range of commodities located in areas of active mining and advanced development, such as our flagship AurMac Royalty (gold: Banyan Resources /Hecla Mining), Eskay Creek (gold Silver: Skeena Resources), Patterson Lake South (uranium-CamecoDenison), a strong the Horn (diamonds) and many other royalty located throughout the west Canada. Although Eagle Plains has held many of these royalties for years, management believes that their true value is not reflected in the various interests and activities of Eagle Plains and that their potential would be more easily identified as autonomous division.

About Eagle Plains Resources

Situated at Cranbrook, BCEagle Plains is a prolific, well-funded project generator that continues to research, acquire and explore mining projects in the west Canada. The Company was established in 1992 and is the ninth oldest issuer listed on the TSX Venture Exchange (and one of only three that has not experienced a stock reduction or restructuring). Eagle Plains has continued to generate shareholder value over the years and, through numerous spin-offs, has transferred more than $100,000,000 in value directly to its shareholders, with Copper Canyon Resources and recently taiga gold being notable examples.

The Company is committed to steadily improving shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and the development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in projects in Western Canada, covering a wide range of commodities on projects controlled by Cameco Corp., Iso Energy Corp., Denison Mines Corp., Skeena Resources Ltd. and Hecla Mining Co./Banyan Gold Corp., among others. Management’s objective is to advance its most promising exploration projects. Throughout the exploration process, our mission is to help sustain thriving communities by exploring and uncovering resource opportunities while building lasting relationships through honest and respectful business practices.

Spending from 2011 to 2022 for Eagle Plains-related projects exceeds $30 million, the majority of which was funded by third-party partners. This exploration work resulted in approximately 45,000 m of diamond drilling and significant ground exploration work facilitating the advancement of numerous projects at various stages of development.

Contact:

Mike Labach

T: 1 866 HUNT ORE (486 8673)

Email: [email protected]

THE WEB: http://www.eagleplains.com

Caution Regarding Forward-Looking Statements

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 press 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 title, potential mineral recovery, etc. Forward-looking statements relate to future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in these statements.

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