Eagle Plains Completes Sale Agreements for Four Saskatchewan Uranium Regions-Athabasca Basin Area

Eagle Plains Completes Sale Agreements for Four Saskatchewan

Uranium Regions-Athabasca Basin Area

Cranbrook, B.C., November 4 th, 2021: Eagle Plains Resources Ltd. (TSX -V:EPL)

(“EPL” or “Eagle Plains”) has completed four separate agreements with unrelated third -

parties for the sale by Eagle Plains of a 100% interest (subject to retained NSR interests

where applicable) in four separate groups of claims located in the Athabasca Basin region

of Saskatchewan as specified below. In each case, the claims were not considered by EPL

management to be core holdings. Eagle Plains continues to hold a number of significant

uranium holdings in the region.

See Eagle Plains Resource’s Saskatchewan uranium holdings here

Transaction Highlights:

• Cable Bay area: Uranium Energy Corp.- 9 dispositions, 4,067 ha.

Consideration: 64,149 UEC common shares.

• Lazy Edward Bay area: ALX Resources Corp.- 9 dispositions, 2,410 ha.

Consideration: 600,000 ALX common shares, 2% NSR* to Eagle Plains.

• Pine Channel South area: Pegasus Resources Inc.-1 disposition, 211 ha.

Consideration: 500,000 PEGA common shares, 2% NSR* to Eagle Plains.

• Bell Lake/Kernaghan Lake area: IsoEnergy Inc.- 2 dispositions, 904 ha

Consideration: CDN$25,000 cash, 2% NSR* to Eagle Plains.

*subject to 1% buy-down upon CDN$1,000,000 payment to EPL

Tim Termuende, P.Geo., President and CEO of Eagle Plains commented recently on the

transactions: “we are pleased to have concluded the recent sales of specific uranium dispositions

in various areas of the Athabasca Basin in Saskatche wan. As many of the claims were not

individually significant to Eagle Plains, in most cases, they were strategically located and formed

important “pieces of the puzzle” to purchasers who have existing contiguous claim packages. By

completing the transactions while retaining significant royalty intere sts in most cases and by

receiving shares in partner companies currently valued at approximately CDN$460,000, Eagle

Plains has essentially mitigated all risk inherent with exploration of the projects, but maintains

considerable upside exposure”

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 portfol io of projects toward discovery through collaborative

partnerships and development of a highly experienced technical team. Eagle Plains also holds

significant royalty interests in western Canadian projects covering a broad spectrum of

commodities. Manageme nt’s focus is to advance its most promising exploration projects. In

addition, Eagle Plains continues to seek out and secure high -quality, unencumbered projects

through research, staking and strategic acquisitions. 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 2011-2020 on Eagle Plains-related projects exceed $22M, the majority of which

was funded by third-party partners. This exploration work resulted in approximately 37,000 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 Ven ture

Exchange) accepts responsibility for the adequacy or accuracy o f 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 curre ntly

anticipated in such statements.