Mr. Chuck Downie reports

EAGLE PLAINS INCREASES SASKATCHEWAN GOLD ROYALTY PORTFOLIO, ISSUES INCENTIVE OPTIONS

Eagle Plains Resources Ltd. has entered into a purchase and sale agreement with Trident Resources Corp. on four individual non-core claim blocks totalling 16,245 hectares. Under the terms of the agreement, Trident will purchase a 100-per-cent interest in the properties for a cash consideration of $14,730, with Eagle Plains retaining a 2-per-cent net smelter return royalty on all of the claims. The projects are located in the La Ronge gold belt and are contiguous with Trident's extensive landholdings in the area.

Incentive options granted

Eagle Plains has granted incentive stock options to directors, employees and key consultants of the company for the purchase of a total of 2.27 million shares at an exercise price of 18 cents per share, expiring Aug. 8, 2030, pursuant to the company's current option plan (subject to shareholder and regulatory approvals).

Qualified persons

Charles C. Downie, PGeo, a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, and an officer and 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 fourth-oldest listed issuer on the TSX Venture Exchange (and the only one of these four 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 Ltd., was listed on May 24, 2023, and holds a diverse portfolio of royalty assets throughout Western Canada. On July 2, 2025, Eagle Royalties announced that it had entered into a definitive amalgamation agreement with Summit Royalty Corp., pursuant to which Summit will go public by way of a reverse takeover (RTO) of Eagle Royalties. Eagle Royalties shareholders will receive a consideration of 18 cents per Eagle Royalties share, representing a premium of 47 per cent based on Eagle Royalties' closing price on June 30, 2025, on the Canadian Securities Exchange. Completion of the RTO is subject to a number of conditions, including, but not limited to, exchange acceptance, and required shareholder approvals of Eagle Royalties and Summit. There can be no assurance that the RTO will be completed as proposed or at all.

On Oct. 2, 2024, Eagle Plains announced 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 2024 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.