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EPL.V ·

Eagle Royalties Launches Website

Marketing Announcement

Eagle Royalties Launches Website

Cranbrook B.C., November 28th, 2022: The Board of Directors of Eagle Plains Resources Ltd. (TSX-

V:EPL) (the "Company" or "Eagle Plains") is pleased to announce progress in advancing Eagle Royalties

Ltd. (“ER”), a 100% owned subsidiary of Eagle Plains. ER was recently established as a separate division

within the Company to maximize shareholder value and pursue strategic opportunities (see EPL news

release November 9th, 2022).

The formation of Eagle Royalties will allow for the oversight, direction and management of royalty assets

located in British Columbia, Yukon and Saskatchewan relating to a broad spectrum of commodities

including gold, silver , critical metals , rare -earth elements (REE’s), uranium, graphite, diamonds and

industrial minerals. The restructuring will enhance the valuation of these extensive royalty interests and

enable ER to market and develop its royalty assets while seeking quality additions to the royalty portfolio.

Eagle Plains will continue to focus on its core business model of researching, acquiring and advancing

grassroots critical- and precious-metal exploration projects in western Canada.

See Eagle Royalties Website here

See AurMac Royalty video here

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 of those, 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 announced 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, enabling ER to market

and develop its royalty assets while seeking additional royal ty 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. 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 relationships 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

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.