Eagle Plains and Sun Summit Make Greenfields Discovery at the Orbit Project, Toodoggone District, BC.
Eagle Plains and Sun Summit Make Greenfields Discovery at the Orbit
Project, Toodoggone District, BC.
Cranbrook, B.C ., May 14, 2026: Eagle Plains Resources Ltd. (TSX -V:EPL)
(OTCQB: EGPLF) (“EPL” or “ Eagle Plains”) is pleased to announce results from a
2025 reconnaissance field program at the newly acquired , 6595 ha Orbit Project, located
in the northern Toodoggone District of BC. Geologic observations from a single day of
field work, with a 5-person crew, resulted in 39 rocks samples and the discovery of gold,
copper, and silver mineralization associated with a remote sensing anomaly. Particularly
strong alteration and mineralization was noted over a distance of 300m in the Calypso
Zone. The 2025 field program was jointly funded by Sun Summit Minerals Corp. (“Sun
Summit”) and conducted by TerraLogic Exploration Inc. (“Terralogic”) of Cranbrook,
BC under the direction of Jarrod Brown, P.Geo..
Sample Highlights
Sample Easting Northing Type
Au
g/t Cu % Ag g/t Field Description
BLOIR003 618255 6393344 grab 0.14 0.113 29.4 30 cm quartz vein with chalcopyrite and galena
JBOIR007 620164 6392717 grab 0.70 0.005 9.5 chlorite & epidote altered diorite gneiss
JBOIR011 619714 6392561 grab 3.80 0.009 130.0 steeply dipping, 25 cm quartz vein with galena
THOIR007 617207 6391154 grab 0.59 0.057 2.6 intensely sericitized granodiorite with malachite on
fractured surfaces
THOIR009 617223 6391151 grab 1.37 0.478 26.9 strongly altered intrusive with stringers of chalcopyrite
and bornite
THOIR010 617265 6391164 grab 0.24 0.938 19.3 strongly altered intrusive with stringers of chalcopyrite
and bornite
THOIR011 617220 6391246 float 0.78 0.964 10.3 intensely silicified intrusive with semi -massive
chalcopyrite and bornite
About the Orbit Project
The core area that makes up the Orbit Property was identified through the advanced
interpretation of remote sensing data originally collected to evaluate the company’s Theory
Project, located 14 kms to the west and currently under option to Sun Summit. Deliverables
provided by EarthDaily Analytics, identified a large area to the east of the Theory Project
with hydrothermal alteration likely associated with minerals such as white mica, sericite
and illite, typical indicators of porphyry mineralization. The 2025 program prospected less
than 5% of the anomaly area. Several samples have been sent for petrographic analysis to
Precision Petrographics of Langley, BC, with results pending.
Highlights
Strategic, Low -Cost Acquisition: Mineral rights were acquired by staking through
Mineral Titles Online and issued under the new BC Mineral Claims Consultation
Framework (MCCF). The Orbit acquisition makes Eagle Plains a significant rights holder
in the Toodoggone District with combined ownership and Net Smelter Royalty (NSR)
interests in over 17,000 hectares.
Unexplored: Within the claim boundary there are no documented Assessment Reports
filed with the BC Government (ARIS) and no MinFile occurrences, with the closest known
mineral occurrence from the Calypso Zone being 8 kms away. Management believes that
the absence of historical exploration may be due, in part, to a lack of geophysical and
geochemical anomalies. At a regional scale, publicly available geophysical data does not
show significant magnetic anomalism typical to porphyry deposits of the region. Similarly,
the Regional Geochemical Survey (RGS) database does not exhibit strong anomalies in the
tributaries draining the property. For these reasons it is probable that the 2025 program is
the first ever geologic investigation of the property.
Tier-1 Geology
The Orbit Project straddles the Quesnellia and Stikinia terranes , host to many of BC’s
producing and past producing porphyry deposits, and is underlain by prospective Early
Jurassic granodioritic rocks of the Pitman Batholith in fault contact to the west with Lower
to Middle Jurassic sedimentary and volcanic rocks of the Hazelton Group of Stikine
terrane. Available geologic data from the BCGS currently exists at a regional scale only
and continued field work will work toward refining a property scale geologic map.
Prominent Exploration District: The Toodoggone is regarded as a highly prospective,
deposit-rich, under explored geologic region in north -central BC. It’s best known for the
past-producing Kemess Mine currently owned by Centerra Gold Inc. (“Centerra”) .
Centerra recently announced a positive mineral resource update and PEA on the Kemess
Main, South, Underground and East Deposits with average grades of 0.39 g/t Au and
0.18% Cu (1). The district has recently attracted investment from other senior mining
companies including Freeport-McMoRan who is now 60% owner and operator of the Joy
Project, originally optioned from Amarc Resources , after spending over $35 million in
exploration (2). Significant exploration success at the Joy Project includes the recent
discoveries of the Aurora (271m of 0.98 g/t Au, 0.25% Cu, and 1.93 g/t Ag) and Twin
Deposits (300m of 0.51 g/t Au, 0.23% Cu and 0.5 g/t Ag) in 2024 and 2025 respectively
(3,4). Another senior producer , AngloGold Ashanti , recently invested >$ 38 million into
Thesis Gold and Silver Inc. to fund activities related to the Lawyers-Ranch gold -silver
project (5).
A formal Agreement has been reached with Sun Summit whereby a definitive Joint Venture
(JV) will be formed by December 31, 2026 to facilitate continued exploration on the
property. Eagle Plains has been named the operator and ownership will initially be Su n
Summit (51%) and Eagle Plains (49%). Planning is underway for a follow -up program in
2026 in conjunction with both the Theory and JD projects.
“The identification of widespread mineralization and alteration at Orbit have us excited
to continue exploration this summer .”, commented Jesse Campbell, Vice President of
Exploration for Eagle Plains. “The traverse that found Calypso ended in mineralization
and there are high priority targets that have yet to be prospected. We’re also encouraged
that the tenor of mineralization is consistent with several of the known, bulk tonnage
deposits of the region. 2025 was an exceptional year for Eagle Plains with the discoveries
of the Saboteur Zone at the Theory Project and the Calypso Zone at Orbit. In this modern
exploration era, it’s becoming rarer to make a significant grassroots discovery so we are
very proud of our team to do it twice in just a single season.”.
Quality Assurance and Quality Control
Rock samples collected during the 2025 surface program were submitted to ALS
Geochemistry in North Vancouver, BC - an ISO/IEC 17025 –accredited laboratory.
Samples were sealed in the field, stored securely, and transported by Terralogic personnel
to maintain chain of custody.
Analytical methods for rocks included full multi -element characterization by four acid
digestion with ICP finish (ALS method ME-MS61). Gold was analyzed by 30 g fire assay
with AAS finish (ALS method Au AA23). Samples returning >10 g/t Au were re -assayed
using fire assay with gravimetric finish (ALS method Au GRA21). Due to the small sample
size and brief duration of the project there were no field duplicates or Certified Reference
Material standards introduced in the field. ALS preformed internal QA/QC che cks
including duplicates and standards. There were no significant exceedances noted by ALS.
Qualified Person
Technical information in this News Release has been reviewed and approved by C.C.
Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the “Qualified
Person” under N.I. 43-101.
1. Centerra Gold Inc. (January 19, 2026). Centerra Gold’s Kemess Preliminary Economic Assessment Highlights Strong Economics that
Support the Company’s Long-Term Growth Pipeline. https://www.centerragold.com/investor-news/news-details/2026/Centerra-Golds-
Kemess-Preliminary-Economic-Assessment-Highlights-Strong-Economics-that-Support-the-Companys-Long-Term-Growth-
Pipeline/default.aspx
2. Amarc Resources Ltd. (September 4, 2025). Amarc Announces Freeport has Elected to Proceed to CAD $75 Million Stage 2 Earn-In at
JOY. https://amarcresources.com/news-releases/amarc-announces-freeport-has-elected-to-proceed-to-cad-75-million-stage-2-earn-in-
at-joy/
3. Amarc Resources Ltd. (January 17, 2025). Amarc Announces New High Grade “AuRORA” Copper-Gold-Silver Deposit Discovery in
Collaboration With Freeport at the JOY District, British Columbia . https://amarcresources.com/news-releases/amarc-announces-new-
high-grade-aurora-copper-gold-silver-deposit-discovery-in-collaboration-with-freeport-at-the-joy-district/
4. Amarc Resources Ltd. (February 19, 2026). Amarc Confirms Discovery of Third New Porphyry Copper -Gold System at JOY.
https://amarcresources.com/news-releases/amarc-confirms-discovery-of-third-new-porphyry-copper-gold-system-at-joy/
5. Thesis Gold Inc. (February 19, 2026). Thesis Gold Announces Strategic Investment by AngloGold Ashanti and Participation by Centerra
Gold for C$44M . https://www.thesisgoldsilver.com/news-media/news/thesis-gold-announces-strategic-investment-by-anglogold-
ashanti-and-participation-by-centerra-gold-for-c44m
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 $11 5,000,000 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, 2023, and on October 30,
2025, ER shareholders overwhelmingly approved a three -cornered amalgamation that
resulted in a reverse takeover of Eagle Royalties by Summit Royalty Corp. The resulting
issuer is named Summit Royalties Ltd. and trades under the symbol SUM on the TSX
Venture Exchange with a market capitalization of over $100M.
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 2010-2025 on Eagle Plains-related projects exceed $41M, 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 Andrew Wilson 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.