Eagle Plains Announces Closing of Saskatchewan Property Sale

NYSE - LSE

CMSD	0.17%	23.29	$
JRI	0.84%	13.04	$
NGG	0.16%	87.64	$
BCE	0.71%	24.1	$
RELX	-0.55%	36.16	$
RIO	1.86%	100.5	$
RBGPF	0.13%	63.18	$
CMSC	0.04%	22.88	$
BCC	-3.05%	72.13	$
GSK	-1.03%	50.38	$
RYCEF	0.91%	16.5	$
BTI	1.77%	59.4	$
VOD	-1.97%	15.74	$
BP	-0.95%	46.5	$
AZN	-1.22%	181.24	$

Eagle Plains Announces Closing of Saskatchewan Property Sale

THINGS TO KNOW 21.04.2026

Eagle Plains Announces Closing of Saskatchewan Property Sale

CRANBROOK, BC / ACCESS Newswire / April 21, 2026 / Eagle Plains Resources Ltd. (TSX-V:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") is pleased to announce that, further to its news release dated February 26, 2026, it has has received conditional approval from the TSX Venture Exchange to close the purchase and sale agreement with Trident Resources Corp. (TSX-V:ROCK)(OTCQB:TRDTF) ("Trident") on seven individual non core claim blocks in Saskatchewan totalling 4,711ha, a Non-Arm's-Length transaction.

Text size:

The projects are located in the La Ronge Gold Belt, and are contiguous with Trident's extensive land holdings in the area.

Agreement terms

Under the terms of the agreement, Trident will purchase a 100% interest in the properties for a cash consideration of $5,000 with EPL retaining a 2% Net Smelter royalty on all of claims, one half of which may be purchased by Trident for $1,000,000.

The agreement is a Non-Arm's-Length transaction, as such term is defined in the TSX Venture Exchange's Policy 1.1, and therefore constituted a related party transaction, as such term is defined in Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Tim Termuende is a director and officer of Eagle Plains, and is also a director of Trident.

In respect of the requirements of MI 61-101 and exchange Policy 5.9, the company relied on the exemptions from the formal valuation and minority approval required under MI 61-101. The company was exempt from the formal valuation requirement of MI 61-101 in reliance of sections 5.5(b) as no securities of the company are listed on the specified markets outlined therein. Additionally, the company was exempt from minority shareholder approval of MI 61-101 in reliance of Section 5.7(1)(a) (fair market value not more than 25 per cent of the company's market capitalization).

In accordance with the exchange Policy 5.3, the agreement constitutes a reviewable transaction, as such transaction involves a non-arm's-length party.

Qualified Persons

Charles C. Downie, P.Geo., a "qualified person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.

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, with a focus on critical metals integral to an increasingly electrified, decarbonized economy.

The Company was formed in 1992 and is the fourth-oldest listed issuer on the TSX-V (and the only one of these four 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 $110,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold Corp. being notable examples. Eagle Plains latest spinout, Eagle Royalties Ltd. (CSE:"ER") was listed on May 24, 2023, and on October 30, 2025, ER shareholders overwhelmingly approved a three-cornered amalgamation that resulted in a reverse takeover of Eagle Royalties by Summit Royalty Corp. The resulting issuer is named Summit Royalties Ltd. and trades under the symbol SUM on the TSX Venture Exchange with a market capitalization of over $100M.

On October 2, 2024, Eagle Plains announced the formation of a separate division within the Company that will give Eagle Plains' shareholders direct exposure to strategic opportunities in Canadian green energy transition. As a wholly owned subsidiary of Eagle Plains, Osprey Power Inc. ("OP") will focus on identifying and advancing innovative and diverse clean energy project portfolios in target markets throughout Canada, with an initial focus on Western Canada.

Eagle Plains' core business is acquiring grassroots critical- and precious-metal exploration properties. 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.

Expenditures from 2010-2025 on Eagle Plains-related projects exceed $41M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 50,000m 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 of Eagle Plains

"C.C. (Chuck) Downie, P.Geo"
President and CEO

For further information on EPL, please contact Andrew Wilson 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.

SOURCE: Eagle Plains Resources Ltd.

View the original press release on ACCESS Newswire

M.Johnson--SMC

Featured

100 years on Earth: Iconic naturalist Attenborough marks century

David Attenborough, a leading voice on climate change and biodiversity loss whose landmark documentaries transformed popular understanding of the natural world for a global audience, marks his 100th birthday on Friday.

Boycott-hit 70th Eurovision celebrated under high security

With provocative songs and glittering performances, the Eurovision Song Contest's festive 70th edition in Vienna next week will be held under tight security in the shadow of controversy sparked by Israel's participation.

Apex Widens and Extends Newly Discovered Zone with Significant NdPr Enrichment (>30%)

Highlights:Significant expansion of the newly discovered very highly-enriched NdPr Horizon (herein termed "Neo Zone") at the bottom of hole RIFT26-003 with intercepts including:13.5 m at 1.08% REO (31.7% NdPr)17.2 m at 0.89% REO (39.4% NdPr)22.7 m at 0.79% REO (32.8% NdPr) incl. 10.9 m at 0.99% REO (30.1% NdPr)10.5 m at 0.91% REO (35.2% NdPr)4.7 m at 0.71% REO (51.6% NdPr)4.2 m at 1.31% REO (33.0% NdPr) highlighting potential for significantly higher REO grades at higher NdPr distributions.NdPr represents the highest value component in most rare earth deposits due to its critical use in high-strength permanent magnets.NdPr distributions of 30-50% at appreciable REO grade in RIFT26-003 are significantly higher than the 14-20% typical of carbonatite-hosted REE deposits globally.For example, NdPr enrichment reported on herein is consistently more than double that of the only operating rare earth mine in North America (MP Materials' Mountain Pass), which reports an NdPr ratio of 16.4% (3)NdPr enrichment has now been confirmed over >120 m strike length between RIFT-003 and RIFT-002 (10.0 m at 0.75% REO and 49.0% NdPr - See News Release Dated April 7, 2026). The Neo Zone mineralization remains open in all directions.RIFT-003 also intersected a very high-grade zone higher up in the hole (80.0 m at 2.29% REO including 23.7 m at 4.02% REO) with more typical NdPr distributions (See News Release Dated April 28, 2026).Sean Charland, CEO of Apex Critical Metals, commented: "These results are a major step forward for the project, demonstrating NdPr content over significant intervals and strike far greater than that of typical carbonatites. Results to-date define two seemingly distinct mineralized horizons with a high-grade shallower rare earth oxide zone and a second horizon with exceptional NdPr enrichment, both of which remain wide open for expansion. Results continue to exceed expectations and point towards the potential for a high-value rare earth discovery at a time when demand for critical magnet metals continues to grow. With the addition of four new drill holes and drilling ongoing, we are well-positioned to continue expanding and defining the extent and strength of this system."

Pulitzers honor damning coverage of Trump and his policies

Coverage of the Trump administration dominated the Pulitzer Prizes announced Monday as the prize committee unleashed a searing attack on US President Donald Trump's attempts to limit freedom of reporting.

Star Metro - Eagle Plains Announces Closing of Saskatchewan Property Sale