Eagle Plains Announces Conditional Approval of Warrant Expiry Extension and Additional Application to Extend Warrant Expiry Cranbrook, B.C., July 15 , 20 25: Eagle Plains Resources (TSX-V:EPL) (OTCQB: EGPLF) (“EPL” or “ Eagle Plains”) has received conditional approval from the TSX
Eagle Plains Announces Conditional Approval of Warrant Expiry
Extension and Additional Application to Extend Warrant Expiry
Cranbrook, B.C., July 15 , 20 25: Eagle Plains Resources (TSX-V:EPL) (OTCQB:
EGPLF) (“EPL” or “ Eagle Plains”) has received conditional approval from the TSX
Venture Exchange to amend the term of 3,785,529 outstanding common share purchase
warrants which were issued in connection with a non -brokered private placement
completed in July 2022, (see EPL news release dated July 11th, 2022, July 25, 2024 and
June 27, 2025). The warrants have a current expiry date of July 11th, 2025.
The share purchase warrants are subject to an accelerated expiry at the option of the
Company if the published closing trade price of the common shares on the TSX Venture
Exchange is greater than or equal to $.50 for any 20 consecutive trading days, in which
event the holder may be given notice that the warrants will expire 30 days following the
date of such notice. The common share purchase warrants may be exercised by the holder
during the 30-day period between the notice and the expiration of the common share
purchase warrants.
Eagle Plains has applied to extend the expiry date for an additional 12 months to a revised
date of July 11th, 2026. The exercise price and acceleration clause of the warrants will
remain unchanged, at 25 cents per warrant.
Additionally, Eagle Plains has made application to the TSX Venture Exchange for approval
and acceptance to amend the term of 2,220,750 outstanding common share purchase
warrants which were issued in connection with a non -brokered private placement
completed in August, 2023, (see EPL news release dated August 3rd, 2023). The warrants
have a current expiry date of August 2nd, 2025.
The share purchase warrants are subject to an accelerated expiry at the option of the
Company if the published closing trade price of the common shares on the TSX Venture
Exchange is greater than or equal to $. 50 for any 20 consecutive trading days, in which
event the holder may be given notice that the warrants will expire 30 days following the
date of such notice. The common share purchase warrants may be exercised by the holder
during the 30 -day period between the notice and the expiration of the common share
purchase warrants.
Eagle Plains has applied to extend the expiry date for an additional 12 months to a revised
date of August 2nd, 2026. The exercise price and acceleration clause of the warrants will
remain unchanged, at 30 cents per warrant.
About Eagle Plains Resources
Based in Cranbrook, B.C., Eagle Plains is a well -funded, 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-V (and
the only one of these four that has not seen a roll-back or restructuring of its shares). Eagle
Plains has continued to deliver shareholder value over the years and through numerous spin
outs has transferred over $100,000,000 in value directly to its shareholders, with Copper
Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest
spinout, Eagle Royalties Ltd. (CSE:“ER”) was listed on May 24, 20 23, and holds a
diverse portfolio of royalty assets throughout western Canada. On July 02, 2025, ER
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 ER. Eagle Royalties shareholders will receive a consideration of $0.18 per ER
share, representing a premium of 47% based on ER’s 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 ER and Sum mit. There can be no assurance that the RTO will be completed
as proposed or at all.
On October 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. (“OP”) 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 our diverse portfolio of projects toward discovery through collaborative
partnerships and development of a highly experienced technical team.
Expenditures from 2010-2024 on Eagle Plains-related projects exceed $39M, the majority
of which was funded by third -party partners. This exploration work resulted in
approximately 50,000m of diamond-drilling and extensive ground-based exploration work
facilitating the advancement of numerous projects at various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous
communities by exploring for and discovering resource opportunities while building
lasting relationships through honest and respectful business practices.
On behalf of the Board of Directors of Eagle Plains
“C.C. (Chuck) Downie, P.Geo”
President and CEO
For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE (486
8673)
Email: [email protected] or visit our website at https://www.eagleplains.com
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. This news release may contain forward-looking
statements including but not limited to comments regarding the timing and content of
upcoming work programs, geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.