Mr. Tim Termuende of Eagle Plains reports

EAGLE PLAINS AND NORTH ARROW ANNOUNCE AGREEMENT ON THE ORCHID PROPERTY

Eagle Plains Resources Ltd. has executed an agreement with North Arrow Minerals Inc. whereby Eagle Plains has agreed to grant an option to NAR to earn a 70-per-cent undivided interest in the diamond rights on Eagle Plains' 100-per-cent-owned Orchid property, located in east-central Saskatchewan, approximately 140 kilometres east of La Ronge and 15 kilometres east of North Arrow's Pikoo diamond discovery.

Under the terms of the agreement, North Arrow can earn its interest by reimbursing EPL for staking costs, and financing exploration and evaluation of the property to a discovery within a three-year period. It is anticipated that initial evaluation of the Orchid will commence in fall 2014 with a till sampling program. Eagle Plains will maintain a 100-per-cent interest in any non-diamondiferous materials on the property and will continue to hold 100-per-cent interest in the titles themselves. Management cautions mineralization present on proximal properties is not necessarily indicative of mineralization on the Orchid property.

The Orchid property was acquired by Eagle Plains through the Saskatchewan MARS (Mineral Administration Registry Saskatchewan) on-line tenure system after it was identified as covering a series of significant gold occurrences related to the regional-scale Tabbernor fault complex. The Orchid claims include seven documented SMDI gold and base metal mineral occurrences associated with highly deformed and metamorphosed mafic volcanics and tonalitic intrusions within the 200- to 1,500-metre-wide Tabbernor strain zone. The gold mineralization is found in pyritic quartz veins, and is typically associated with copper, lead and zinc.

The Orchid has seen extensive historical work including geological mapping, prospecting, soil sampling, trenching and ground-based geophysics, with the last significant work programs reported in 1995. The property has seen only a single drill hole which was completed in the Tim's Au zone area and returned 1.3 grams per tonne Au over two separate 0.5-metre intervals.

  RESULTS FROM HISTORICAL WORK
ON THE ORCHID MINERAL OCCURRENCES

Sample No.               Au in g/t

SMDI 2646 Orchid zone
34075                        10.03
34080                        41.35
34914                         36.0
SMDI 2645 Tim's Au/South Lariviere
34012                         19.2
35942                          0.9

Many of the other gold occurrences on the property returned values in excess of one g/t Au in both rock and soil samples, with historical records indicating the presence of visible gold in some of the panned soil samples. Management cautions it has neither verified nor confirmed these results, which are considered to be historical in nature. All of the historical information referenced in this news release was researched using the Saskatchewan Geological Atlas, and management has no reason to believe that the information is not accurate.

The Orchid project is one of 17 recently acquired by Eagle Plains through the Saskatchewan MARS on-line tenure acquisition system, which include the North and South Truscott projects.

Results from 2014 work on the Truscott projects are pending.

Technical aspects of this news release have been reviewed and approved by C.C. (Chuck) Downie, PGeo.

We seek Safe Harbor.