Eagle Plains Resources Ltd. provided an update on recent tenure acquisitions in northern Saskatchewan, part of its growing portfolio of uranium projects. The Shasko Bay, Black Bay, Beaver River, and Don Lake projects are located in the Uranium City - Fond- Du-Lac area of the Lake Athabasca region. The projects target uranium in a number of geological settings including Beaverlodge-type, unconformity and basement-hosted models as well as containing precious metal and polymetallic targets.

All projects are owned 100% owned by Eagle Plains, subject to a 2% NSR held by Eagle Royalties Ltd. on the Shasko Bay project only. Shasko Bay: The 2571 ha Shasko Bay property is located 20 km southeast of Fond-du-Lac. Early exploration focused on gold potential at or near the Athabasca sandstone and underlying metasedimentary basement unconformity.

In 1963-64 three diamond drill holes were completed within the current tenure, with DDH 63-1 returning 6.8 g/t Au over 2.1m from 193.5-195.6m (Assessment Report AF 74O02-0032). Subsequent work targeted unconformity and basement-hosted uranium mineralization. The most recent work on the property was by RPT Uranium in 2005-2008.

RPT completed an airborne electromagnetic (MEGATEM) survey over the greater property area and in 2007 completed an additional electromagnetic (VTEM) and magnetic survey followed by geological mapping, prospecting and boulder sampling. A four- hole diamond drill program was later carried out, targeting electromagnetic conductors spatially related to surface geochemical anomalies. Drilling encountered up to 18.4 ppm U in Athabasca sandstone with elevated Ni, Pb, As, Th, La, Co, B and potential illite (clay) alternation near the basement unconformity.

Existing drill coverage is wide spaced and several untested geophysical targets exist on the property. Black Bay: The 1114 ha property overlies six Saskatchewan Mineral Deposit Index ("SMDI") occurrences. Surface showings at the historic Black Bay Uranium Mine (SMDI 1296) were discovered in 1953, followed by underground development and diamond drilling in the mid 1950's. Mineralization occurs at geological contacts and consists of structures filled with hematite, chlorite and graphite associated with pitchblende (an ore mineral of uranium).

Mineralization is located in three main shoots discovered along a strike length of approximately 152.4m (500') and a down-dip distance of 731.5m (2400'). By the end of 1958, 1,375 tons of mineralized material grading 0.17% U3O8 were shipped to the nearby Lorado custom mill. The Brunston Mining U Zone 1 (SMDI 1363) and Brunston Mining U Zone 3 (SMDI 1364) occurrences are located approximately 2 km west of the Black Bay mine workings.

The mineralization is associated with a breccia developed in a unit of quartzite containing pitchblende, pyrite, chalcopyrite, hematite and quartz. Work in the early 1950's by Brunston Mining Co. included trenching and 12 diamond drill holes.

Grab samples from trenches collected from Zone 3 returned values from trace up to 6.25% U3O8. Diamond drilling values ranged from trace to a best intercept of 0.21% U3O8 over 0.6m (2') (AF 74N10-0138). The Bluegrass U Zone (SMDI 1295) is located 600m northwest of the Black Bay mine workings.

Uranium mineralization was discovered in 1955 by Bluegrass Uranium Mines Ltd. which completed initial trenching and a 16-hole diamond drilling program to test a mineralized contact. Although initial results were disappointing, the property was later acquired by Canadian Industrial Gas who completed six diamond drill holes in the Bluegrass Zone area in 1967 (AF 74N09-0178). Two grab samples of quartz gneiss collected from DDH 2 at a depth of 12.8m (42') returned values of 16.74% U3O8 and 9.64% U3O8.

Mineralization at the Bearcat (SMDI 1258) is associated with quartz veins in granites and granite gneiss. Historic grab samples returned values from trace to 22850 ppm U3O8, 13.9 ppm Au, 80 ppb Pt and 15 ppb Pd.