Eagle Plains Commences Geophysical Program on Iron Range Project, Southeastern British Columbia

Eagle Plains Commences Geophysical Program

on Iron Range Project, Southeastern British Columbia

Cranbrook, B.C., May 29th, 2017: Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle

Plains”) has mobilized field crews to commence a ground-base d Induced Polarization “I.P.” geophysical

program on the 70,000 ha property located near Cres ton, BC. The Iron Range is owned 100% by Eagle

Plains and is considered to hold significant potential to host gold and/or base-metal mineralization.

Scott Geophysics of Vancouver has been contracted t o carry out a minimum of 23 line-km of IP survey

overlying the Talon Zone, which was discovered in 2 010. The program is expected to take 2-3 weeks to

complete and is designed to further refine the curr ent interpretation of geological features controlli ng

mineralization within the Talon Zone.

The Iron Range property was acquired by staking by Eagle Plains in 1999 and covers an extensive area

approximately 10km x 60km in total area which overl ies the regional Iron Range Fault System (“IRF”).

A well-developed transportation and power corridor transects the southern part of the property, including

a high-pressure gas pipeline and a high-voltage hyd ro-electric line, both of which follow the CPR

mainline and Highway 3. The rail line provides efficient access to the Teck smelter in Trail, B.C.

A summary map outlining features of the property ma y be found here:

http://www.eagleplains.com/sites/default/files/Iron%20Range_2016.pdf

Previous Exploration Highlights

Drilling in 2010 by Eagle Plains and previous partn er Providence Capital Corp. (now Desert Star

Resources Ltd.) at Iron Range resulted in the disco very of the Talon Zone , where drill-hole IR10-010

intersected two intervals of strong and continuous mineralization including 14.0m grading 5.10g/t gold ,

1.86% lead, 2.10% zinc and 75.3g/t silver, and 7.1m grading 8.10g/t gold, 2.84% lead, 3.07% zinc and

86.6g/t silver (EPL news release December 21 st , 2010). Previous drilling 10km north of the Talon Zone

in 2008 by EPL intersected gold mineralization in d rill-hole IR08006, which assayed 7.0m grading

51.5g/t (1.50 oz/ton) gold (EPL news release April 20th, 2009).

Management of Eagle Plains considers the Iron Range project to hold excellent potential for the presence

of both iron-oxide gold (“IOG”) and Sullivan-style lead-zinc-silver sedimentary-exhalative (“sedex”)

mineralization. Rocks within Iron Range property bo undaries are of the same age and composition as

those which host the Sullivan deposit, located 70km to the northeast.

The Sullivan mine was discovered in 1892 and is one of the largest sedex deposits in the world. Over i ts

100+ year lifetime, Sullivan contained a total of 1 60 million tons of ore averaging 6.5% lead, 5.6% zi nc

and 67 g/t silver, resulting in 298 million ounces of silver, 18.5 billion pounds of lead, 17.5 billio n

pounds of zinc, and significant quantities of associated metals; collectively worth approximately $40B at

current metal prices. Management cautions that past results or discoverie s on proximate land are not

necessarily indicative of the results that may be achieved on the Iron Range property.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains continues to conduct research, acquire and explore mineral

projects throughout western Canada. The Company is committed to steadily enhancing shareholder value

by advancing our diverse portfolio of projects towa rd discovery through collaborative partnerships and

development of a highly experienced technical team. Managements’ current focus is to preserve its

treasury while advancing its most promising explora tion projects. In addition, Eagle Plains continues to

seek out and secure high-quality, unencumbered proj ects through research, staking and strategic

acquisitions. Since 2012, Eagle Plains has added to its portfolio a number of new projects exceeding

130,000 ha targeting mainly gold, uranium and base-metals in Saskatchewan, a highly-prospective mining

jurisdiction which was recently recognized by the Fraser Institute as the best place in the world in terms of

Investment Attractiveness. Throughout the explorat ion process, our mission is to help maintain

prosperous communities by exploring for and discove ring resource opportunities while building lasting

relationships through honest and respectful business practices.

Expenditures from 2011-2016 on Eagle Plains-related projects were approximately $16.0M, which was

funded by Eagle Plains and, for the most part, by t hird-party partners. This exploration work resulted in

approximately 15,000 m of diamond-drilling and exte nsive ground-based exploration work facilitating the

advancement of numerous projects at various stages of development.

Technical aspects of this news release have been reviewed and approved by Mike McCuaig, P.Geo.

On behalf of the Board of Directors

“Tim J. Termuende”

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 http://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.