Eagle Plains Resources Ltd. has mobilized crews to commence exploration activity on EPL's 100% owned Findlay Project, located 35km NW of Kimberley, BC and 15km north of Eagle Plains' Vulcan property. Fieldwork is being funded by Amaroq Gold Corp. ("Amaroq", a private BC corporation), which may earn up to a 75% interest in the project.

2023 Exploration activity at Findlay will consist of surface mapping, prospecting and soil geochemical sampling in the Midfork and Tourmalinite Ridge areas of the property. The Findlay Project overlies Aldridge Formation stratigraphy, considered prospective for sedimentary-exhalative ("sedex") deposits. Structurally, this area has been identified as an extension of the North Star-Sullivan corridor which hosts the world-class Sullivan critical metals deposit 35km to the southeast.

Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Findlay property. The Findlay property has been explored sporadically since the 1930's. Government assessment reports show exploration programs by Cominco (1959-69, 1977, 1984- 1988), Texas Gulf Sulphur (1971), Kerr-Addison Mines (1971-1975), Amax (1977-79), Four Tops Mining (1982-1985), Billiton Canada (1983- 1984) and Teck Corp.(1990). Commodities sought were skarn-related tungsten from Cretaceous intrusions and base- and precious-metals from SEDEX style deposition.

Eagle Plains Resources began acquiring claims in the Findlay/Doctor/Greenland Creek area in 1996. Between 1997 and 2000, parts of the current Findlay property were under option to Kennecott Canada Ltd. Billiton Canada Ltd. and Rio Algom Ltd. Work by these groups as well as extensive work funded exclusively by Eagle Plains included property-scale geological and structural mapping, soil geochemical sampling, prospecting and limited diamond-drilling. In 2012, MMG completed a 475 line-km airborne geophysical survey, followed by a 4-hole, 1435m diamond-drilling program.

Work in 2013 by MMG included systematic exploration including geological mapping, soil geochemical samples, ground geophysics and water sampling. The target to be tested during this current drill program was identified as a result of this work. The last systematic exploration of the property occurred in 2014, when MMG completed a ground magnetic geophysical survey and 2-hole, 748m diamond drill program.

Following this program, MMG elected to terminate its option. Total expenditures on the property since acquisition by EPL in 1996 are approximately $5.0 million. Technical information concerning the Findlay property has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains, hereby identified as the "Qualified Person" under N.I. 43-101.

Findlay Option Agreement Details: Under the terms of an option agreement announced May 8th, 2023, Amaroq may earn a 60% interest by completing $5,000,000 in exploration expenditures, issuing 1,800,000 voting class common shares and making $500,000 in cash payments over a 4-year period. Amaroq may increase its interest to 75% by delivering a feasibility study by 2030. Work continues processing core from 2023 drilling at Vulcan.

Detailed core-logging has been completed and broad intervals of mineralized material are now being systematically cut and sampled. It is expected that logging and detailed analytical results of the drill core will provide important clues with respect to mineralization, geological setting, metal ratios, alteration and other geological information which will guide future drilling. An application seeking a 5-year area-based permit has recently been filed with government authorities to facilitate future drilling and other exploration activities.

Detailed analytical results will be reported once they have been received, compiled and interpreted. Update on Hansen North Lithium Project: As announced previously by partner Brunswick Exploration Inc., Brunswick has elected to terminate its option on EPL's 100% owned Hansen North Project located in east-central Saskatchewan.