Eagle Plains Announces Renewable Energy Subsidiary
EAGLE PLAINS ANNOUNCES RENEWABLE ENERGY
SUBSIDIARY
Cranbrook B.C., October 2nd, 2024: The Board of Directors of Eagle Plains Resources Ltd. (TSX -
V:EPL) (the "Company" or "Eagle Plains") is pleased to announce 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.
The key strengths of Osprey Power include:
• Experienced Management Team: Extensive experience in Wind, Solar, Battery Energy Storage
Systems (BESS) and Small Hydro development.
• Nimble: Flexibility and support to identify and pursue opportunities quickly.
• Innovative: Driven to find new ways to increase project value and advance project portfolios.
• Community Focused: Pro-active and transparent communications with neighbours, communities
and stakeholders we work with.
The Osprey Power team will be led by Jared Sproule, B.Sc., who has over 17 years experience in project
development, market analysis, business development, community engagement, and permitting of wind,
solar, hydro, energy storage and transmission projects in various markets throughout North America.
His passion for energy development, with a focus on site prospecting and connecting with landowners and
community stakeholders and Indigenous communities, has contributed to over 1 GW of successfully
permitted and/or operational renewable energy projects and over 3 GW of additional projects under various
stages of development. Jared has previously held positions at with TransAlta Corporation as a Renewable
Developer, as a Right of Way Planner with AltaLink Management Ltd., Lead of Business Development &
Community Relations at BluEarth Renewables and most recently VP, Project Origination with BW Solar.
Jared has a B.Sc in Geography from the University of Calgary.
Eagle Plains will continue to focus on its core business model of acquiring and advancing grass roots
critical- and precious-metal exploration properties. EPL management has recognized synergies between
mineral exploration and renewable energy projects in terms of site identification and assessment,
stakeholder engagement, and identifying potential partners. Work is underway to launch a n independent
website containing additional information about Osprey Power.
Chuck Downie, President and CEO of Eagle Plains stated recently: “as the need for renewable energy
options to supply power to the Canad ian electrical grid continues to grow, Eagle Plains management is
excited to establish what we feel will be a premier supplier of green energy projects.
Eagle Plains will continue to focus on our successful core business of mineral exploration project
generation, which has created the opportunity to provide start-up financial support to Osprey Power, and
to support OP to independently develop, market and finance sustainable energy projects. Osprey Power
aligns with the Eagle Plains Resources model as it identifies early-stage opportunities and works with
Developers, Independent Power Producers and Communities to advance successful clean power
projects.”
About Osprey Power
Based in Cranbrook, B.C., Osprey Power is a creative clean power project generator that will develop
generation opportunities across Canada, with an initial focus on Solar and Wind Power projects located in
key Western Canadian markets with a growing demand for clean energy.
Osprey Powers’ core business is identifying and acquiring the rights to develop clean energy projects. The
Company understands development risk and takes a prudent risk-weighted approach to early-stage project
development and will advance its diverse portf olio of projects through collaborative partnerships and
development arrangements with Independent Power Producers.
Osprey Power’s Development Approach
Initiation
Responsible development starts at project conception. From robust policy engagement, to establishing
foundational partnerships with like-minded local organizations, to landowner outreach, community input
will be key to Osprey Power’s projects. Osprey Power will engage with Communities and Landowners
early to discuss project plans.
Implementation
Osprey Power will develop projects that fit and align with their host communities. Our team will be on the
ground with local officials and utilities, and our extensive due diligence ensures a higher likelihood of
project success.
Impact
Enhancing local economies is at the core of our work at Osprey Power. We strive to maximize the local
economic impact that each of our projects can contribute to the communities we work in.
Commitment
Osprey Power will engage with project stakeholders to ensure optimal project development takes place
and that all of our commitments are fulfilled.
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 ninth -oldest listed issuer on the TSX -V (and one of only
three 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 numer ous 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, 2023,
and holds a diverse portfolio of royalty assets throughout 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 2010-2023 on Eagle Plains-related projects exceed $38M, 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.