Mr. Charles Downie reports

EAGLE PLAINS MOBILIZES CREWS FOR 2025 FIELD SEASON

Eagle Plains Resources Ltd. has mobilized two field crews to central British Columbia to commence the first phase of 2025 work programs. Eagle Plains anticipates fieldwork on a minimum of 23 projects in 2025, financed by approximately $400,000 from Eagle Plains, with an additional $1.2-million forecast to be financed by option partners.

The 2025 work will be managed by Terralogic Exploration Inc. of Cranbrook, B.C. All of the projects are owned 100 per cent by Eagle Plains, with some of the projects subject to underlying net smelter royalty (NSR) agreements in favour of third parties, including Eagle Royalties Ltd.

All of the early summer work will be exclusively on British Columbia projects, with later season exploration split between British Columbia and Saskatchewan. Most of the May/June field programs will focus on evaluating alkalic porphyry copper-gold and epithermal gold targets hosted in the prolific Quesnellia and Stikinia terranes. Fieldwork will include geological mapping, prospecting and geochemical (soil, silt and till) surveying.

Project details

Lost Horse

The 3,759-hectare Lost Horse property is located in southern-central British Columbia, 99 kilometres north of Kamloops and 27 kilometres west-southwest of Clearwater. The property covers known gold-silver-copper-molybdenum-zinc veins and is a prospective target for copper-gold porphyry mineralization. Work by Eagle Plains in 2022 and 2024 suggests that mineralization on the property is likely related to low-sulphidation epithermal veining, which could also indicate a buried, mineralized porphyry in the region. The project is fully permitted with a multiyear area-based permit in place issued by the British Columbia Ministry of Mining and Critical Minerals that includes provisions for geophysical work, mechanical trenching, access trail construction and diamond drilling. The project is 100 per cent owned by Eagle Plains with a 1.5-per-cent NSR held by Eagle Royalties, which includes a 0.5-per-cent buyback clause on part of the project.

Acacia

The 4385-hectare Acacia project is located 60 kilometres northeast NE of Kamloops, B.C. Acquired in 1999 for volcanogenic massive sulphide (VMS) deposit potential, it covers a stratigraphic package that hosts a number of base and precious metal deposits. The property is accessible through a network of all-weather logging and historical roads and is 100 per cent owned by Eagle Plains, with a 2-per-cent NSR held by Eagle Royalties containing a 1-per-cent buyback clause in favour of Eagle Plains.

Exploration at the Acacia by Eagle Plains and past operators has identified well-developed, property-wide mineralization, alteration, and geochemical and geophysical anomalies. Mineralization at the Twin Mountain zone is hosted in a vein system with a strike length of four kilometres and widths to 10 metres with anomalous gold, silver, zinc and lead values along strike of the known occurrences, with approximately 1.8 kilometres of prospective stratigraphy remaining relatively unexplored. The project is fully permitted with a multiyear area-based permit in place issued by the British Columbia Ministry of Mining and Critical Minerals that includes provisions for geophysical work, mechanical trenching, access trail construction and diamond drilling.

Black Diamond

The 866-hectare Black Diamond property is located near Invermere, B.C., and covers a deep-seated mineralized structure traced over 12 kilometres hosting high-grade polymetallic vein mineralization. It has significant potential to host classic manto-style or replacement-style orebodies and contains multiple mineral occurrences that appear to be linked by a common structure. The project is 100 per cent owned by Eagle Plains, with a 2-per-cent NSR held by Eagle Royalties containing a 1-per-cent buyback clause.

As well as high-grade silver and gold, parts of the Black Diamond structure hosts antimony mineralization with grab samples from the Silver Spray zone collected in 1995 returning from trace values up to 7.4 per cent antimony (British Columbia ARIS 24236). This mineralization was never followed up but will be re-evaluated as part of the 2025 work program.

Jake

The 1,765-hectare Jake property is located 13 kilometres west of Clearwater. The project covers five British Columbia Minfile gold and copper occurrences. Historic work at the Jake has defined distinct northwest-trending IP (induced polarization) anomalies coincident with anomalous gold in soil geochemical anomalies. Channel sampling of quartz shear veins exposed in trenches returned from trace values up to 14.7 grams per tonne gold over 0.60 metre, 7.3 grams per tonne gold over 2.67 metres and 17.9 grams per tonne gold over 0.50 metre (British Columbia ARIS 28808).

Other copper-gold and epithermal gold projects that will see work include Hearne Hill South, the Woodjam, Tiger, Tiger North, Copper Mountain West and Q7.

Rock grab samples are selective samples by nature and as such are not necessarily representative of the mineralization hosted across the property. Some of the above results were taken directly from Minfile descriptions and assessment reports (ARIS) filed with the British Columbia government. Management cautions that historical results were collected and reported by past operators and have not been verified nor confirmed by a qualified person but form a basis for continuing work on the subject properties. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

Charles C. Downie, PGeo, a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, and a director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.

About Eagle Plains Resources Ltd.

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

The company was formed in 1992 and is the ninth-oldest listed issuer on the TSX Venture Exchange (and one of only three that has not seen a rollback or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spinouts has transferred over $100-million in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains' latest spinout, Eagle Royalties, was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout Western Canada.

On Oct. 2, 2024, Eagle Plains announced announce the formation of a separate division within the company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada.

Eagle Plains' core business is acquiring grassroots critical and precious metal exploration properties. The company is committed to steadily enhancing shareholder value by advancing its diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team.

Expenditures from 2010 to 2023 on Eagle Plains-related projects exceed $39-million, the majority of which was financed by third party partners. This exploration work resulted in approximately 50,000 metres of diamond drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

Throughout the exploration process, the company's mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

We seek Safe Harbor.