Eagle Plains Executes Option Agreement for Donna Gold Project, South-Central British Columbia

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Eagle Plains Executes Option Agreement for Donna Gold Project,

South-Central British Columbia

Cranbrook, B.C., January 24thh, 2018 : Eagle Plains Resources Ltd. ( “EPL”:TSX-V, “Eagle

Plains”) has executed an option agreement with 1149781 BC Ltd. (a private B.C. company),

(“1149781”) whereby 1149781 may earn up to a 60% interest in the Donna property located 60 km east

of Vernon in central British Columbia. Under terms of the agreement, 1149781 may earn up to a 60%

interest in the 10,000 ha property by completing exploration expenditures of $3,000,000, making cash

payments of $250,000 and issuing 1,000,000 voting class common shares to EPL over a 5 year period.

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 property lies within one of the largest clusters of anomalous

values in gold and typ ical 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 most

recent drilling on the property returned intercepts of up to 2.0 m of 8.72 g/t gold.

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

limestone, and volcanic rocks of Permian t o 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, Eagl e 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 GIS database consisting of rock, soil, silt, till, trench and drill-hole

results within and adjacent the property area.

Donna Project History:

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

follow-up of anomalous 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).

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Subsequent work carried out between 1975 an d 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 total 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).

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

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 discovery th rough 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 out and sec ure high -quality, unencumbered projects through research, stak ing 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 second 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 resource opportunities while building lasting

relationships through honest and respectful business practices.

Expenditures from 2011-2018 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

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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 interpretat ions, 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.