Eagle Plains Receives Encouraging Exploration Results from Orchid Gold Project, Saskatchewan, Update on Fisher Project

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Eagle Plains Receives Encouraging Exploration Results

from Orchid Gold Project, Saskatchewan, Update on Fisher Project

Cranbrook, B.C., August 29 th , 2017: Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle

Plains”) has received rock and soil geochemical results from a 2017 field program conducted on its

100%-owned Orchid project located 120km east of La Ronge, Saskatchewan and 70km south of SSR

Mining’s Inc.’s Seabee Gold Operation. The 4205 ha property is situated along the same structural

corridor and within rocks similar to those currentl y being mined at Seabee. The property is considered to

have significant potential to host gold mineralization.

The purpose of the 2017 program was: 1) to verify g old grades at historical showings; 2) to follow-up

previously underexplored geochemical targets, and; 3) to identify new targets through prospecting and

completion of new soil geochemical surveys. A total of 110 rock samples were collected, including 11

channel samples. Twenty-five rock samples returned greater than 1.0 g/t Au, with a best grab sample

result of 61.30 g/t Au. Rock sample results include d notable accessory metals, with up to 839 ppm Mo,

0.98% Cu and 31.2 g/t Ag. A total of 667 soil sampl es were taken with results of up to 847 ppb Au in

soil providing coherent anomalies for follow-up mapping, prospecting, and soil sampling.

A summary map outlining pertinent features of the p roperty may be found here:

http://www.eagleplains.com/projects/orchid

2017 Exploration Highlights:

• Verification grab samples returned up to 61.30 g/t Au from the historical Orchid zone, and 52.43

g/t Au from Tim’s Showing.

• Sampling in the eastern portion of the property ove r an untested tonalite-volcanic contact

returned prospective gold-in-soil anomalies up to 170 ppb Au.

• High-grade mineralization discovered at the Tiger L ily Showing area returned 6.17 g/t over 1.0

metre including 10.11 g/t over 0.5 metre in channel sampling across a 1.5 metre quartz vein.

• Soil geochemical sampling along strike from Tiger Lily Showing contains highly anomalous gold

(up to 847 ppb Au) in an area extending approximately 400 m from known exposures.

• Additional claims acquired totalling 1952 ha following Summer 2017 work program

• Follow-up work planned for Fall, 2017

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Fieldwork was carried out by TerraLogic Exploration Inc. of Cranbrook, BC under the supervision of

Jarrod Brown, P.Geo. Work was completed in late Jun e and consisted of geological mapping and

sampling, trenching and soil geochemical surveys.

The Orchid project was staked by Eagle Plains in 20 14 and was optioned to North Arrow Minerals who

explored the property for its diamond potential unt il relinquishing the option in 2016. The property has

historically been explored for its gold potential s ince the mid-1980s and contains numerous high-grade

mineral occurrences grading from trace values to hi ghs of 41.3 g/t (Orchid Au Zone), 19.2 g/t Au (Tim’ s

Showing), 12.7 g/t (Eureka), and 8.5 g/t (Terra Zon e) as well as significant Ag (144.5 g/t), Cu (3.9%) ,

and Mo (2600 ppm).

The 2017 exploration program conducted by Eagle Pla ins builds on previous work which has indicated

certain similarities to those seen at the Seabee Go ld Operation, owned by SSR Mining Inc. (“SSRM”,

formerly Silver Standard Resources Inc.), including host lithologies and contact relationships, style of

mineralization, and presence of multiple fault syst ems that allowed for high fluid-flow regimes. The

Seabee Gold Operation has been in continuous produc tion since 1991 and has produced approximately

1.2M ounces of gold from the Seabee and Santoy depo sits. As reported by SSRM in its news release

dated February 23, 2017, as at December 31, 2016, t he Seabee Gold Operation includes the following

estimated Mineral Reserves and Mineral Resources: Proven and Probable Reserves of 360,000 ounces of

gold at an average grade of 8.19 g/t; Measured and Indicated Resources of 570,000 ounces of gold at an

average grade of 7.99 g/t; and Inferred Resources o f 640,000 ounces of gold at a grade of 7.74 g/t.

SSRM recently reported uncut drill intercepts gradi ng up to 1,004 g/t gold over 1.6m and 3,887 g/t gol d

over 0.4m (true widths) at its Santoy Gap deposit. (SSRM news release- May 1, 2017 ). Management

cautions that past results or discoveries on proxim ate land are not necessarily indicative of the resu lts

that may be achieved on the subject properties.

Ore geology at the Seabee Gold Operation consists o f high-grade vein mineralization associated with

volcanic and mafic intrusive rocks which have been structurally disrupted by splays of the deep-crusta l

Tabbernor Fault system. Both the Seabee Gold Operat ion and the Orchid project are underlain by rocks

of the Pine Lake greenstone belt.

Update on Fisher Program

Eagle Plains has been notified by SSR Mining that f ieldwork activities from the Fisher camp have been

suspended three weeks earlier than expected due to recent wildfire activity in the area. Wildfires bur ned

completely through the camp area, which itself was saved through the efforts of Saskatchewan Energy

and Resource Management personnel and SSRM mine res cue staff aided by private aviation partners,

who maintained pumps and sprinklers over the camp a nd equipment. No loss of major structures

occurred and no injuries were reported.

All the planned till and soil sampling, geological mapping and prospecting for the 2017 season has bee n

completed. Exploration of the northern area of the Fisher property has recently resumed, and will be

serviced from the Seabee Gold Operation accommodati ons complex. SSRM advised that the interruption

did not impact the planned work program for 2017, b ut may defer a 3,000m Fall 2017 drilling campaign

until the winter season. This will be determined on ce a safety assessment can be made of standing dead

timber in the target areas due to the wildfire activity.

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It is expected that the fire will result in the improved exposure of rock outcrop throughout the entire burn

area, which will benefit exploration over the next few summer seasons.

To earn a 60% interest over four years, SSRM paid $ 100,000 to Eagle Plains on signing of the

agreement, and has agreed to complete $4,000,000 in exploration expenditures, and make annual cash

payments of $75,000 for each of the four years of t he option period. SSRM funded the $400,000 2016

exploration program completed by Eagle Plains (see news releases July 18, 2016 and September 12,

2016), which is included in the $4,000,000 explorat ion expenditures. Once the 60% earn-in has been

completed, SSRM has a 90-day, one-time option to ea rn an additional 20% interest (for a total of 80%)

by making a cash payment of $3,000,000 to Eagle Pla ins, at which time an 80/20 joint venture will be

formed to further advance the property. Eagle Plain s will retain a 2.5% Net Smelter Return (“NSR”),

subject to reduction on certain claims by underlyin g NSR agreements. Eagle Plains’ NSR may be

reduced by 1% at any time upon payment of $1,000,00 0 by the joint venture. In addition, Eagle Plains

will receive advance royalty payments of $100,000 a nnually from the joint venture until commencement

of commercial production

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 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 t o 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 explorat ion process, our mission is to help maintain

prosperous communities by exploring for and discove ring resource opportunities while building lasting

relationships 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 resulte d 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.

Technical aspects of this news release have been reviewed and approved by Jarrod Brown, P.Geo.

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)

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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.