Eagle Plains Completes Royalty Agreement with AREVA, UEX

Eagle Plains Completes Royalty Agreement with AREVA, UEX

Cranbrook, B.C., August 1st, 2017: Eagle Plains Resources Ltd. (TSX-V: “EPL”) has completed a

tri-party agreement with Shea Creek Joint Venture partners AREVA Resources Canada Inc. (“AREVA”)

and UEX Corporation (“UEX”) whereby the companies w ill acquire certain mineral dispositions in the

Shea Creek area of northeastern Saskatchewan from E agle Plains. AREVA and UEX will reserve in

Eagle Plain’s favour a 2% Net Smelter Royalty (“NSR ”) on all future production relating to the

dispositions. This royalty can be reduced at any time by paying Eagle Plains $CDN 1,000,000.

This royalty agreement strengthens Eagle Plain’s ex posure to benefitting from potential future

production in various uranium camps in Saskatchewan including Patterson Lake South area, where the

company owns NSR interests on claims now held by Ca meco Corporation and ALX Resources, as

announced by EPL on March 3 rd , 2016.

About Eagle Plain’s Royalty Portfolio:

Eagle Plains holds various royalties throughout British Columbia, Yukon and Saskatchewan for a variety

of commodities including gold, silver, lead, zinc, copper and uranium. Partner companies include Silve r

Standard Resources Ltd., Cameco Corporation, Deniso n Mines, AREVA, UEX, Barkerville Minerals,

Alexco and others. These royalties require no finan cial commitment on Eagle Plain’s part, but provide

considerable upside to future production. In 2011, Eagle Plains sold its royalty interest in the Blend e

property in Yukon to Gold Royalties Corp. for $1,000,000 cash.

See Eagle Plains royalty map here: http://www.eagleplains.com/mining-royalties

About AREV A Resources Canada Inc.:

Headquartered in Saskatoon, Saskatchewan, AREV A Resources Canada is a leading producer of uranium,

accounting for the processing of 17.3 million pound s or nearly half of the uranium concentrate produce d

in Canada in 2016. AREV A Resources Canada Inc. has been exploring for uranium, developing uranium

mines and producing uranium concentrate in Canada f or more than 50 years. AREV A Resources is the

operator of the McClean Lake uranium mill and a maj or partner in the Cigar Lake, McArthur River and

Key Lake operations. The company employs over 480 p eople in Saskatchewan, including about 130 in

Saskatoon.

AREV A Resources Canada Inc. is a subsidiary of the multinational group New AREV A, which offers

products, technologies and services with high added value throughout the entire nuclear fuel cycle, fr om

raw materials to waste treatment. Its activities en compass mining, uranium chemistry, enrichment, used

fuel recycling, logistics, dismantling and engineer ing. New AREV A and its 20,000 employees bring their

expertise and their mastery of cutting-edge technol ogy, as well as their permanent search for innovati on

and unwavering dedication to safety, to serve their customers worldwide. Visit us at

www.arevaresources.ca or follow us on LinkedIn, Facebook and Twitter: @arevaresources.

About UEX Corporation:

UEX (TSX:UEX, OTC:UEXCF.PK, UXO.F) is a Canadian ur anium exploration and development

company involved in fourteen uranium projects, incl uding three that are 100% owned and operated by

UEX, one joint venture with AREVA Resources Canada Inc. (“AREVA”) that is operated by UEX, as

well as eight joint ventures with AREVA, one joint venture with AREVA and JCU (Canada) Exploration

Company Limited, which are operated by AREVA, and o ne project (Christie Lake) under option from

JCU (Canada) Exploration Company Limited and operat ed by UEX. The fourteen projects are located in

the eastern, western and northern perimeters of the Athabasca Basin, the world's richest uranium belt,

which in 2015 accounted for approximately 22% of th e global primary uranium production. UEX is

currently advancing several uranium deposits in the Athabasca Basin which include the Christie Lake

deposits, the Kianna, Anne, Colette and 58B deposit s at its currently 49.1%-owned Shea Creek Project

(located 50 km north of Fission’s Triple R Deposit and Patterson Lake South Project, and NexGen’s

Arrow Deposit) the Horseshoe and Raven deposits loc ated on its 100%-owned Horseshoe-Raven

Development Project and the West Bear Deposit located at its 100%-owned Hidden Bay Project.

About Eagle Plains Resources Ltd.

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 exploration process, our mission is to help maintain prosperous

communities by exploring for and discovering resour ce opportunities while building lasting relationshi ps

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.

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.