Eagle Plains Issues Incentive Options
Eagle Plains Issues Incentive Options
Cranbrook, B.C., January 6th, 2023: Eagle Plains Resources (TSX -V:”EPL”) has granted incentive
stock options to directors, employees and key consultants of the Company for the purchase of a total of
2,487,000 shares at an exercise price of $. 24 per share, expiring January 6th 2028, pursuant to the
Company’s current option plan (subject to shareholder and regulatory approvals).
About Eagle Plains Resources Ltd.
Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct
research, acquire and explore mineral projects throughout western Canada. The company was formed in
1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back
or restructuring of its shares). Eagle Plains has continue d to deliver shareholder value over the years and
through numerous spin-outs has transferred over $100,000,000 in value directly to its shareholders, with
Copper Canyon Resources and recently Taiga Gold being notable examples.
The company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of
projects toward discovery through collaborative partnerships and development of a highly experienced
technical team.
In late 2022, Eagle Plains announced the formation of a separa te division within the company; Eagle
Royalties Ltd. which will hold many of Eagle Plains’ diverse portfolio of royalty assets. The restructuring
will enhance the valuation of Eagle Plains’ extensive royalty interests, enabling ER to market and develop
its royalty assets while seeking additional royalty acquisition opportunities. Eagle Plains’ royalties cover a
broad spectrum of commodities on projects controlled by Cameco Corp., Iso Energy Corp., Denison Mines
Corp., Skeena Resources Ltd. and Hecla Mining Co./Banyan Gold Corp., among others, which are expected
to be transferred to Eagle Royalties Ltd. Eagle Plains will continue to focus on its core business model of
acquiring and advancing grassroots critical- and precious-metal exploration properties.
Expenditures from 2011-2022 on Eagle Plains -related projects exceed $30M, the majority of which was
funded by third -party partners. This exploration work resulted in approximately 45,000m of diamond -
drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at
various stages of development.
Throughout the exploration process, our mission is to help maintain prosperous communities by exploring
for and discovering resource opportunities while building lasting relatio nships through honest and
respectful business practices.
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 https://www.eagleplains.com
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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 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.