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Eagle Plains Resources Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 200, #44 – 12th Ave. South
Cranbrook, BC
Canada V1C 2R7
Tel No.: (250) 426-0749
Fax No.: (250) 426-6899
Toll Free No.: 1-866-486-8673
Web Site: www.eagleplains.com
E-mail: mgl@eagleplains.com
Contact Person: Mike Labach
Position: Investor Relations


Company Data

Traded Market: TSX-V
Traded Symbol: EPL
Outstanding Shares: 89,862,669
52 Week High: $ 0.255
52 Week Low: $ 0.13
Present Price: Click Here


Introduction

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Eagle Plains Resources is a mineral exploration company based in Cranbrook, B.C. The company employs the project generator business model and has been operating since 1992. Eagle Plains acquires and develops early stage mineral exploration projects in western Canada utilizing the technical expertise of an in-house geological consulting team and the financial assistance of partner companies. This model reduces shareholder exposure to the financial risks of exploration while maintaining exposure to the upside of discovery, it also generates corporate revenue. Sound management combined with this conservative business model has provided for share structure stability; Eagle Plains has never conducted a roll-back in its 25 year history and has ~89m outstanding.

To monetize successful projects for shareholders, Eagle Plains spins these off into new corporations – rewarding investors with a new share. Singling out these projects from Eagle Plains' large portfolio of properties spotlights their value for the market and makes them available for acquisition by producing companies.

Eagle Plains maintains multiple streams of revenue generation including working interest in geological consulting and drill contracting companies as well as cash and share payments of companies partnering on exploration projects. Eagle Plains also owns an office building and acreage property which generates rental revenue while helping to minimize corporate costs.

Managements' current focus is to explore and advance its most promising exploration projects. In addition, Eagle Plains continues to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions.

1. Eagle Plains Resources – Corporate Highlights

  • Operating for over 25 years from Cranbrook, B.C.
  • During this time it has issued ~89m shares
  • Has never conducted a share consolidation (rollback)
  • Holds a portfolio of over 8m shares of 18 other companies
  • NSR's on dozens of projects – typically 2%
  • Revenue generation and low burn rate reduce shareholder dilution
  • Well financed and debt-free – $4.6m cash and 1.0m equities (Feb 1/18)
  • Owns significant real estate assets valued at ~ $1m:
    • Office building
    • Acreage with house, workshop, storage and drill core processing facility

2. Project Generator Business Model (risk-averse strategy)

  • Over 35 mineral exploration projects in Western Canada
  • Focusing on gold, silver, base-metals, uranium, REE's and industrial minerals
  • Aggressively acquiring new projects since inception, taking advantage of industry downturns
  • Eagle Plains partners with other companies:
    • EPL provides project tenure, technical expertise and existing data
    • Partner company provides earn-in funding and shares

3. Revenue Generator (multiple revenue streams)

  • Terralogic Exploration – a wholly owned EPL subsidiary provides geological consulting services for third party and partner companies
  • Earn-in proceeds from partner companies, typical terms of a 60%/40% option deal:
    • $3-5m in exploration funding
    • $1m cash
    • 1m shares
  • Rental and leasing of office space
  • Accounting and tenure management services

4. Creates Corporate Spin-Outs and Value for Shareholders

  • Makes advanced exploration projects available for acquisition by other companies
  • EPL is associated with 4 previous spin-outs, an example of this is Copper Canyon Resources:
    • Copper Canyon was spun-out from Eagle Plains on a 1:1 share basis then it was acquired by NovaGold 1:13.5 ($65m of NG shares to buy CPY)
  • please visit www.eagleplains.com investor information page for details about this and other spin-outs

5. A New Eagle Plains Spin-Out – Taiga Gold Corp. (TGC:CSE)

  • Eagle Plains shareholders are to receive 1 Taiga Gold Corp. share for 2 Eagle Plains shares
  • The spin-out is to consist of five projects located near SSR Mining's (formerly Silver Standard Resources) Seabee Gold Operation in Eastern Saskatchewan
  • The properties are strategically located adjacent to and nearby SSR Mining's producing Seabee Gold Operation
  • Fisher Project: Flagship Fisher Project is under option to SSR Mining
    • An 18,000m drill program commenced Q1 2018
  • Chico Project: A Taiga Gold project, it is optioned to Aben Resources where drilling plans are to be determined
  • Orchid Project: it is to remain a 100% Taiga Gold Corp. project where exploration including drilling is anticipated in 2018
  • Anticipate spin-out to be completed early Q2 2018

6. Eagle Plains Exploration at Flagship Iron Range Project

  • Located in the Sullivan Camp of the S.E. British Columbia – infrastructure rich area
  • Discovery of significant gold and base-metal mineralization at the Talon Zone in 2010
  • 2010/11 exploration identified that an unknown sized lower portion of this significant mineralized body had been faulted and moved
  • Market downturn occurs and EPL regains 100% interest in Iron Range
  • 2016 geologic mapping identifies where the faulted mineralized body should have migrated
  • 2017 geophysics identifies three high-priority drill targets where mapping predicted
  • Eagle Plains plans to self-fund drilling of these three targets in Q2 2018 (100% EPL)



Management

Management and Directors

Tim J. Termuende, P.Geo., President and CEO, Director

Mr. Termuende is a professional geologist with over 25 years experience in the mineral exploration industry. Mr. Termuende was one of the founders of the company, and has been actively involved since its inception in 1992. Mr. Termuende has been continuously active in mineral exploration throughout western Canada since 1976, and currently oversees a broad range of ongoing exploration projects located throughout British Columbia and the Yukon Territory.

Charles C. Downie, P.Geo., B.Sc., Vice-President Exploration, Director

Mr. Downie has over 20 years experience in mineral exploration and mining. Mr. Downie worked for Cominco Ltd. where he was involved with grassroots exploration, property evaluation, mine development and mine production at various exploration projects throughout Western Canada. After leaving Cominco in 1993, Mr. Downie worked as a geological consultant throughout North, Central, and South America with a wide range of projects. Mr. Downie has been associated with Eagle Plains Resources since 1993 and brings extensive project management experience related to property evaluation.

Glen Diduck, B.Comm., CPA, CA, Treasurer, Chief Financial Officer and Director

Mr. Diduck has over 35 years of experience in public accounting focusing on accounting, audit and taxation of small to medium sized businesses. Since leaving the public accounting sector his focus has shifted to required disclosure in financial reporting, disclosure controls and corporate governance in the junior mining exploration industry.

Darren Fach, LLB, Director and Corporate Secretary

Mr. Fach is a partner of McLeod & Company since 2000. His primary practice areas are securities, corporate/commercial and mining law. Mr. Fach has been involved in community and professional endeavours.

Bill Bennett, B.A., LL.B., Director

Mr. Bennett has significant experience with all natural resources issues and with First Nations issues. He led the BC government's efforts over many years to restore BC's competitiveness for exploration investment.NEWS UPDATESOn March 23, 2018, Eagle Plains Resources Ltd. announced that Aben Resources Ltd.'s planned and permitted Chico drill program in Saskatchewan has been suspended as a result of a request by the citizens of the community of Pelican Narrows and members of the Peter Ballantyne Cree Nation. Aben may revisit plans to explore the property in the future, following meaningful consultation with the community and PBCN members.On March 20, 2018, Eagle Plains Resources Ltd. announced that Eagle Plains' option partner SSR Mining Inc. (formerly Silver Standard Resources Inc.) has commenced its 2018 drilling campaign on Eagle Plain's 100-per-cent-owned Fisher property. SSR Mining is planning approximately 18,000 metres (59,000 feet) of drilling for the property during 2018, with an initial program of 10,000 m (33,000 feet) expected to be completed by June, 2018.On March 8, 2018, Eagle Plains Resources Ltd. announced that it has received an interim order from the Court of Queens Bench of Alberta and is mailing out a notice of special meeting and information circular related to the proposed spinout of Taiga Gold Corp. The special meeting date has been set for April 6, 2018.


News Update

On November 1, 2018, Eagle Plains Resources Ltd. announced that Eagle Plains and Rockridge Resources Ltd. have entered into an agreement (subject to regulatory approval) whereby Rockridge may earn a 100-per-cent interest in Eagle Plains' 100-per-cent-owned Knife Lake project, located approximately 50 kilometres northwest of the community of Sandy Bay, Saskatchewan.

On October 29, 2018, Eagle Plains Resources Ltd. announced that Eagle Plains and option partner Roughrider Exploration Ltd. have completed 2018 exploration work on the Olson project, located approximately 120 kilometres east of La Ronge, Saskatchewan.

On September 12, 2018, Eagle Plans Resources announced that it has acquired, by staking, a block of claims that cover the historic Schotts Lake copper-zinc volcanogenic massive sulphide deposit. The claims cover an area of 1,160 hectares and are located 40 kilometres northwest of Flin Flon, Manitoba. The claims are 100-per-cent-owned by Eagle Plains and carry no underlying royalties or encumbrances.

On August 30, 2018, Eagle Plains Resources’ spin out Taiga Gold Corp. announced that it has mobilized crews to commence fieldwork on its 100-per-cent-owned SAM project in Saskatchewan.

On August 14, 2018, Eagle Plains Resources’ spin out Taiga Gold Corp. announced that it has completed fieldwork on its 100-per-cent-owned Orchid project located 120 kilometres east of La Ronge, Sask. The fieldwork consisted of geologic mapping, prospecting and soil sampling.

On July 24, 2018, Eagle Plains Resources Ltd. announced that it has completed a 3,270-foot (996.7-metre), two-hole diamond drilling program on the Iron Range property in B.C.

On June 28, 2018, Eagle Plains Resources Ltd. spinoff Taiga Gold Corp. announced that it has completed successful staking activity which significantly increases the Orchid property area, including important internal blocks which were previously unavailable to the company. The company added 2,786 hectares of prospective ground recently, owned 100 per cent by Taiga. The total area of the Orchid property is now 8,376 hectares and carries no underlying royalties or encumbrances.

On June 18, 2018, Eagle Plains Resources Ltd. has notified Roughrider Exploration Ltd. that crews have been mobilized to carry out two separate exploration programs on the Brownell Lake and Olson projects located in Saskatchewan.

On June 8, 2018, Eagle Plains Resources Ltd. announced that Eagle Plains Resources Ltd. has executed two separate option agreements with Roughrider Exploration Ltd. whereby Roughrider may earn up to an 80-per-cent interest in the Brownell Lake (volcanogenic massive sulphide/polymetallic) and Olson (gold) exploration properties located 120 kilometres east of La Ronge, Sask.

On June 7, 2018, Eagle Plains Resources Ltd. announced that Roughrider Exploration Ltd. has signed option agreements with Eagle Plains Resources Ltd. to acquire up to an 80-per-cent interest in the Brownell Lake (base metals) and Olsen (gold) exploration properties, located near La Ronge, Sask.

On May 30, 2018, Eagle Plains Resources Ltd. announced that it has mobilized crews to start a 4,100-foot (1,250-metre), three-hole diamond drilling program on the Iron Range project in British Columbia.

On April 20, 2018, Eagle Plains Resources Ltd. spinoff Taiga Gold Corp. has now launched its website. The company also announces that it has established a tentative opening date for the trading in its securities of Monday, April 30, on the Canadian Securities Exchange. This date is intended to ensure that all shareholders have possession of their shares prior to the opening of trading.

On April 19, 2018, Eagle Plains Resources Ltd. has acquired by staking a high-quality graphite project. The 711-hectare, road-accessible Slocan graphite project is located 32 kilometres northeast of Nelson, B.C., and is owned 100 per cent by Eagle Plains with no underlying royalties or encumbrances. The property hosts several large-flake graphite-bearing outcrops and float occurrences known as the Tedesco zone, which is interpreted to extend over 2.0 kilometres.

On April 18, 2018, further to the TSX Venture Exchange bulletin dated April 11, 2018, the exchange has accepted an amendment with respect to the company's arrangement agreement with Taiga Gold Corp. as follows. Pursuant to the terms of the agreement, shareholders of the company as of the record date of April 12, 2018, with the ex date of April 11, 2018, will receive one share of Taiga for every two shares of the company held.

On April 6, 2018, Eagle Plains Resources Ltd. announced that it has completed a special meeting approving the spinout of certain Saskatchewan gold assets into a separate company named Taiga Gold Corp. Of the voters present, 99.7 per cent approved the plan of arrangement transaction in addition to other business put before the shareholders. Under terms of the arrangement, shareholders of record on April 12, 2018, will receive one share of Taiga for every two shares of Eagle Plains. The company will now seek formal approval by the Court of Queen's Bench (Alberta) at a hearing scheduled for April 10, 2018. Upon completion of all required documentation, it is expected that Taiga securities will be listed for trading on the Canadian Securities Exchange on or around April 23, 2018, under the symbol TGC. Eagle Plains will retain 19.9 per cent of the outstanding shares of Taiga at the close of the transaction.

On March 23, 2018, Eagle Plains Resources Ltd. announced that Aben Resources Ltd.'s planned and permitted Chico drill program in Saskatchewan has been suspended as a result of a request by the citizens of the community of Pelican Narrows and members of the Peter Ballantyne Cree Nation.

Aben may revisit plans to explore the property in the future, following meaningful consultation with the community and PBCN members.

On March 20, 2018, Eagle Plains Resources Ltd. announced that Eagle Plains' option partner SSR Mining Inc. (formerly Silver Standard Resources Inc.) has commenced its 2018 drilling campaign on Eagle Plain's 100-per-cent-owned Fisher property. SSR Mining is planning approximately 18,000 metres (59,000 feet) of drilling for the property during 2018, with an initial program of 10,000 m (33,000 feet) expected to be completed by June, 2018.

On March 8, 2018, Eagle Plains Resources Ltd. announced that it has received an interim order from the Court of Queens Bench of Alberta and is mailing out a notice of special meeting and information circular related to the proposed spinout of Taiga Gold Corp. The special meeting date has been set for April 6, 2018.


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