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Eagle Plains Announces Approval of Warrant Expiry Extension

Financings

Eagle Plains Announces Approval of Warrant Expiry Extension

Cranbrook, B.C., July 30, 2026: Eagle Plains Resources Ltd. (TSX -V:EPL) (OTCQB: EG PLF)

(“EPL” or “Eagle Plains” or “the Company”) has received approval from the TSX Venture Exchange

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, 2026.

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, 2027. The exercise price and acceleration clause of the warrants will remain unchanged,

at 30 cents per warrant.

About Eagle Plains

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 thr ough numerous spin outs has transferred over

$115,000,000 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 faci litating 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.