Eagle Plains Resources Ltd. reported that diamond drilling activity has been completed at the Vulcan Project located 30km west of Kimberley, BC. Critical metal mineralization and sedimentary-exhalative ("sedex") style alteration was intercepted in all completed holes over significant widths and over a broad area, though not in economic concentrations. The Vulcan property is owned 100% by Eagle Plains and has no underlying royalties or encumbrances.

Since the current program commenced in mid-June, a total of 4,256m (13,963') in six holes have been completed. The program started with the deepening of Drill-hole VU22004 (drilled in 2022) by 231.8m. The next four holes were collared from the same drill pad as VU22004, with the final two holes collared from another drill pad located approximately 470m to the northwest, one of which (VU23005) was abandoned at 39.6m.

Borehole electromagnetic ("BHEM") surveys were successfully completed on 3 holes (VU23003, VU23004, VU23006), with results pending. Preliminary interpretation indicates that mineralization remains open down-dip and along strike. Detailed geochemical results from the 2022 and 2023 drill programs will be combined with geological and structural models to identify additional drill targets to test for a vent source interpreted to be responsible for mineralization and alteration seen to date.

Plans are underway to mobilize the drill from site over the coming days. Detailed reporting will be completed when all geochemical and geophysical results have been received, analyzed and interpreted. A zone of intense tourmaline alteration with pyrrhotite+-chalcopyrite+-arsenopyrite was intersected between 676.4-735.0m, interpreted to represent vent-proximal alteration.

Vulcan consists of 12,400ha located 30km west of the world-class Sullivan sedex critical metals deposit near Kimberley, BC and is accessible by an extensive network of well-maintained forest service roads. Encouraging results from EPL's 2022 drill program were announced previously by Eagle Plains's 2022 drill program were announced earlier by Eagle Plains's 2022 drill programs were announced previously by Eagle Plains. 2023 drilling has aided in further defining fragmental and stratabound Zn-Pb-Ag mineralization, providing important information which will aid considerably in understanding the geological environment present at Vulcan.

Management of Eagle Plains considers the Vulcan project to hold excellent potential for the presence of sedex-style zinc-lead-silver mineralization.