Eagle Plains Shareholders Approve all Matters at Annual Meeting
Eagle Plains Shareholders Approve all Matters at Annual Meeting
Cranbrook, B.C., November 25 th, 20 22: Eagle Plains Resources Ltd. ( TSX-V:”EPL”),(the
“Company”) shareholders approved all matters put before them at the Company's Annual and Special
Meeting held on November 25th, 2022 at the Company’s offices in Cranbrook, BC.
1. Elected the following directors of the C ompany for the ensuing year: Timothy Jay Termuende,
Charles C. Downie, Glen J. Diduck, William (Bill) Bennett and Paul Reynolds;
2. Appointed Crowe MacKay LLP as auditors of the Company for the ensuing year;
3. Passed a resolution approving the renewal of the Company's Stock Option Plan;
Eagle Plains remains active in the junior mining space, with ongoing projects targeting a variety of
commodities located in British Columbia, Saskatchewan, Yukon, and NWT. The Company remains
financially healthy and currently holds $9.4M cash in treasury , over $ 865,000 in short-term
investments and no debt. In addition, Eagle Plains owns a modern office building, additional lands and
structures in the East Kootenay region , a vehicle fleet , field and office equipment. TerraLogic
Exploration Inc., EPL’s 100%-owned subsidiary, continues to generate significant revenue through its
mineral exploration consulting activities for third-party clients.
About Eagle Plains Resources
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 continued 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 announce d the formation of a separate division within the Company: Eagle
Royalties Ltd. (“ER”) which will hold many of Eagle Plains’ diverse portfolio of royalty assets. The
restructuring will enhance the valuation of Eagle Plains’ extensive royalty interests, ena bling 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., Skeen a Resources Ltd. and Hecla Mining Co./Banyan Gold
Corp., among others. Eagle Plains will continue to focus on its core business model of acquiring and
advancing grassroots critical- and precious-metal exploration properties. 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 -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.
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
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.