Mr. Matthew Markin reports

EAGLEONE ENTERS INTO LETTER OF INTENT TO ACQUIRE POISON SPRINGS URANIUM/RARE EARTHS PROJECT

Eagleone Metals Corp. has entered into a binding letter of intent (the LOI) whereby it will acquire a 100-per-cent interest 10 mineral claims comprising 206.6 acres known as the Poison Springs uranium/rare-earths project located 35 miles south of Hanksville, Utah.

Pursuant to the letter of intent, Eagleone will pay the vendors $50,000 (U.S.) to acquire a 100-per-cent interest in the project upon the execution of a definitive mineral property purchase agreement.

The letter of intent in subject to a number of conditions, including the entry of a formal agreement with standard representations and warranties, as well as Canadian Securities Exchange acceptance for filing.

A limited drill program was conducted on the property in early 2008 and resulted in several mineralized intercepts. The ore zones identified to date also host copper, silver, cobalt, nickel, neodymium, prasneodymium and europium. The area contains a number of historic artisan mine workings along outcrops. The area is fairly remote and rugged and would be considered one of the last frontiers for the region.

Hatch Canyon is located 10 miles to the east of the project where Cotter Corp. drilled a large number of holes and intersected widespread mineralization in the area in 1978 and 1979. Drilling also occur in nearby Happy Canyon, Sams Box Canyon and Twin Corral canyon.

Additionally, drilling conducted in 2008 found numerous mineralized intercepts in the area and proposed additional drill targets are located at less than 100-metre depths. These include a Triassic Chinle target with potential copper, vanadium, zinc, nickel, cobalt and REE (rare-earth element). Chinle deposits in the southeastern Utah region are responsible for the largest production and grade on a mine versus mine basis when compared to salt wash deposits with the largest Chinle mine producing over 68 million pounds of uranium alone.

Disclaimer

Readers are cautioned that the discussion about adjacent or similar properties is not necessarily indicative of the mineralization or potential of the Poison Springs uranium/rare-earths project. The company has no interest in or right to acquire any interest in any such adjacent properties.

About Eagleone Metals Corp.

Eagleone is a Canadian-based precious and base metal explorer that holds the option to acquire a 100-per-cent interest, subject to a 2-per-cent net smelter returns royalty, in 11 claims comprising the Magusi West gold project, which is located in Abitibi greenstone belt of Quebec -- one of the world's most productive and highest-ranked gold mining jurisdictions. The company seeks to unlock shareholder value through the diligent exploration of carefully selected exploration projects in some of Canada's most prolific exploration and mining areas. Eagleone is committed to all stakeholders including shareholders, all its partners and the environment in which it operates.

We seek Safe Harbor.