Eagle Plains Completes Airborne Geophysical Survey, Plans Fall Drilling at Donna Gold Project, Southern BC

Eagle Plains Completes Airborne Geophysical Survey,

Plans Fall Drilling at Donna Gold Project, Southern BC

Cranbrook, B.C., September 3rd, 2020: Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle

Plains”) has completed a 211 line-km airborne magnetometer and radiometric geophysical survey on its’

100%-owned Donna Gold Project located 60km east of Vernon, B.C. The survey covers an area near

recently acquired tenures overlying the historical gold and silver workings of the St. Paul and Morgan

Mines. Eagle Plains is planning to carry out a three - to four-hole drill program in Fall, 2020 to test for

gold and silver mineralization associated with a prominent gold soil geochemical anomaly, and to complete

the first -ever drilling in the area of the historical Morgan mine workings. The recently completed

geophysical survey will aid in the definition of drill targets.

See Donna map with geophysical survey area here

Donna Project Summary

The core claims of the Donna property were acquired in 2016 by Eagle Plains through an agreement with

ALX Uranium Corp., with additional tenures subsequently added through staking. The Property is located

in the Monashee Mountains within the source headwaters of the historic Kettle River and Yeoward Creek

placer gold camps. The claims lie within one of the largest clusters of anomalous values in gold and typical

associated pathfinder elements identified in the British Columbia Regional Geochemical Surveys stream-

sediment program carried out in the joint Federal - Provincial programs from 1985 -1990. Active placer

mining activity occurs along creeks draining the property area.

The Property is underlain by a sequence of marine sediments comprising carbonaceous black argillite,

limestone, and volcanic rocks of Permian to Lower Triassic age. Locally these rocks were intruded by

stocks and plugs of mafic-intermediate composition. The project area is considered to hold good potential

to host intrusive-related gold mineralization.

Since acquiring the property in 2016, Eagle Plains has carried out annual systematic exploration including

a 470 line-km geophysical survey in 2017 which followed a comprehensive compilation of all historical

work. The property boasts a robust GIS database consisting of rock, soil, silt, till, trench and drill -hole

results within and adjacent the property area.

Donna Project History

The Donna showing was discovered in 1973 by El Paso Mining and Milling Company ("El Paso"), during

follow-up of an omalous gold values generated by a regional stream sediment sampling program.

Trenching by El Paso in 1974 in an area defined by an As -Au-Ag-Pb soil anomaly exposed numerous

narrow quartz veins which returned assays including 29.5 g/t Au and 89.4 g/t Ag over 2.29 m in Trench 4,

and 122.4 g/t Au and 39.3 g/t Ag over 0.8 m in Trench 8 (Ainsworth, 2010).

Subsequent work carried out between 1975 and 2009 by previous operators consisted of trenching, silt

sampling, extensive soil and biogeochemical surveying and limited drilling. Between 2009 - 2011 ESO

Uranium (later named Alpha Minerals) conducted exploration programs consisting of reconnaissance

stream sediment, rock geochemical and detailed soil surveys to define targets for a tota l of 20 diamond

drill holes. Alpha and Interconnected Ventures Corporation carried out the most recent work on the

property in 2014 comprising an induced polarization ("IP") geophysical survey, followed by a four -hole,

492m diamond drilling program. All four holes intersected gold mineralization. The best intercept was in

DDH14-21 which returned 2.0 m of 8.72 g/t gold. This drill collar is located 1.5 km west of the area of

historic trenching and drilling, significantly expanding the area of known gold mineralization (Koffyberg,

2015). Pinnacle North optioned the property in January 2019 and commenced a single drill-hole to a depth

of 331.2m on the property in October 2019. The hole was not completed to target depth due to budgetary

constraints, though an in terval grading 9.41 g/t gold over 1.5m from 134.0 -135.0m was published by

Pinnacle North. (SEDAR filing Summa Silver Corp. Feb. 04, 2020)

St. Paul/Morgan Property History

Prospectors following the discovery of placer gold in Cherry and Monashee Creeks discovered gold at the

Morgan (BCMINFILE 082LSE022) in the 1890’s and the Toughnut, Zilpah, Minerva and Black Bess

claims were surveyed as Crown Grants in 1915.

Historic d evelopment workings documented at the St. Paul (BCMINFILE 082LSE010) and Morgan

include two shafts, 7 tunnels up to 116 meters in length, 3 winzes, an unknown number of open cuts and

trenches, as well as a tramline and stamp mill that operated in the 1910’s. Production ceased in 1916 due

to the death of the property owner. The last reported development work was the construction of a 60 meter

tunnel at the St. Paul in 1961. Recorded production from the St. Paul and Morgan deposits for the period

1914-1961 total 392 tonnes containing 5,630 grams of gold, 112,406 grams of silver, 3 ,720 kilograms of

lead and 1,258 kilograms of zinc. Various geological reports and government publications report

underground sampling returning values ranging from trace quantities to highs of up to 93.9 g/t (2.74 oz/t)

gold and 60.3 g/t (1.76 oz/t) silver over a 0 .6m sample width. All historical mine workings are currently

inaccessible.

Development work was focused on a series of parallel and cross-cutting quartz veins up to 1.2 meters thick

carrying gold, silver, lead, zinc, antimony . The quartz veins occur withi n a Jurassic-aged diorite sill and

along the margins of the contact with sedimentary and volcanic host rocks.

The last significant work program on the Crown Grants occurred in 1996 when Discovery Consultants

carried out a data review and property exam on behalf of St. Paul Mines Ltd. Discovery recommended a

program of detailed mapping of gold-bearing quartz veins and trenching of the Morgan showing, followed

by a small diamond drilling program. A magnetometer survey of the St. Paul area was also recommended

to locate drill targets along the diorite contacts. No historical drilling activity has been reported on the St

Paul/Morgan property.

The above results were taken directly from the BCMINFILE descriptions and assessment reports filed with

the BCEMPR. Management cautions that historical results were collected and reported by past operators

and have not been verified nor confirmed by a Qualified Person, but form a basis for ongoing work at the

Donna property.

Donna project management is through TerraLogic Exploration Services of Cranbrook, BC. The recently

completed airborne geophysical survey was carried out by Precision GeoSurveys Inc. of Langley, BC.

Technical aspects of this news release were reviewed and approved by Charles C. Downie, P.Geo.,

“qualified person” for the purposes of National Instrument 43 -101-Standards of Disclosure for Mineral

Projects, and a director of Eagle Plains Resources Ltd.

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 toward dis covery through collaborative partnerships and

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

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

seek ou t and secure high -quality, unencumbered projects 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 one of the top 3 jurisdictions in the

world in terms of Investment Attractiveness. 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.

Expenditures from 2011-2019 on Eagle Plains-related projects exceed $20M, most of which was funded

by third-party partners. This exploration work resulted in approximately 30,000 m of diamond-drilling and

extensive ground-based exploration work facilitating the advancement of numerous projects at various

stages of development.

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.