Mr. Chuck Downie reports

EAGLE PLAINS RESOURCES LAUNCHES NEW WEBSITE

Eagle Plains Resources Ltd. is inviting visitors to explore its updated website. The new website offers a user-friendly, visually rich experience with improved navigation and functionality on both desktop and mobile devices.

The site includes many new features to help users to quickly and easily navigate the site and locate valuable information about the company and its exploration projects. New features include:

• Improved performance allowing the site to be compatible with all browsers and mobile devices;
• Updated project filters to help prospective partners identify relevant projects;
• High-resolution graphics to help users visualize various aspects of the mineral exploration industry;
• Modern investor overview page that includes introductory videos and comprehensive explanations of the five elements of Eagle Plains' successful business model;
• Updated corporate presentation with modernized functionality;
• Custom icons highlighting pertinent information;
• Redesigned news page that allows quick browsing of current and historical news releases.

The company hopes you enjoy its new look.

The Findlay project

Eagle Plains and Amaroq Gold Corp. have amended the option agreement on Eagle Plains' 100-per-cent-owned Findlay project (see Eagle Plains news release dated May 8, 2023). The due dates on certain cash payments and exploration expenditures on the property have been extended an additional year to June 30, 2025, and Dec. 31, 2025, respectively. In consideration of the extension, Amaroq has issued an additional 200,000 common shares to Eagle Plains.

The Findlay project overlies Aldridge formation stratigraphy, considered prospective for sedimentary-exhalative (sedex) deposits. Structurally, this area has been identified as an extension of the North Star-Sullivan corridor, which hosts the world-class Sullivan critical metals deposit located 35 kilometres to the southeast. Over its greater-than-100-year lifetime, Sullivan contained a total of 160 million tonnes of ore averaging 6.5 per cent lead, 5.6 per cent zinc and 67 grams per tonne silver, resulting in 298 million ounces of silver, 18.5 billion pounds of lead, 17.5 billion pounds of zinc and significant quantities of associated metals; collectively worth over $40-billion at current metal prices.

In 2023, PJX Resources Inc. discovered high-grade sediment-hosted, Sullivan-style zinc, lead and silver mineralization on its Dewdney Trail property, located approximately 40 km southeast of the Findlay project. The mineralization is thought to occur at the same stratigraphic horizon as the historical Kootenay King mine, a stratiform, Aldridge-hosted lead-zinc deposit. PJX recently announced plans to drill test the Dewdney Trail mineralization in 2024.

The Findlay property displays Sullivan-style exhalative tourmalinite (boron) horizons, massive fragmental sections, anomalous lead, zinc and indicator geochemistry, and base-metal occurrences. This Sullivan smoke occurs throughout the Lower Aldridge to Upper Aldridge formation and indicates the potential for Sullivan-style mineralization at multiple stratigraphic levels. The correlative Kootenay King stratigraphy at the Findlay is marked by anomalous multielement Sullivan-type geochemical soil anomalies, extensive tourmalinite alteration and untested EM-VLF (electromagnetic/very-low-frequency) geophysical anomalies. The Mid Fork area of the property also exhibits many of the geological features associated with the Sullivan deposit, including extensive, thick fragmental lithologies as well as discordant structures marked by a gabbro arch, both occurring near the Lower-Middle Aldridge contact, the stratigraphic horizon that hosts the Sullivan deposit. A 2013 AMT (audio-frequency magnetotelluric) survey in the Mid fork basin located a deep low resistivity response, which has not been drill tested.

Information regarding PJX and the Dewdney Trail property is taken from the PJX Resources website. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Findlay property.

Qualified person

The technical information in this news release has been reviewed and approved by Chuck Downie, PGeo, a director and officer of Eagle Plains, hereby identified as the qualified person under National Instrument 43-101.

About Eagle Plains Resources Ltd.

Based in Cranbrook, B.C., Eagle Plains is a well-financed, prolific project generator that continues to conduct research as well as acquire and explore mineral projects throughout Western Canada, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.

We seek Safe Harbor.