Eagle Plains Increases Saskatchewan Gold Royalty Portfolio

Rhea-AI Summary

Eagle Plains (OTCQB:EGPLF) entered a purchase and sale agreement dated February 25, 2026, selling seven non-core claim blocks (4,711 ha) in the La Ronge Gold Belt to Trident Resources for $5,000 cash.

Eagle Plains retains a 2% net smelter royalty (NSR), of which half may be bought by Trident for $1,000,000. The transaction is related‑party and subject to TSX Venture Exchange acceptance; Eagle Plains relies on MI 61-101 exemptions for valuation and minority approval.

Positive

• Transaction completed on seven claim blocks totaling 4,711 ha
• Retained 2% NSR provides ongoing royalty upside
• Half-NSR buyout option available for $1,000,000

Negative

• Cash consideration only $5,000 for full 100% interest
• Related-party transaction involving a shared director
• Transaction subject to TSXV acceptance and regulatory review

News Market Reaction – EGPLF

-4.44%

1 alert

-4.44% News Effect

On the day this news was published, EGPLF declined 4.44%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CRANBROOK, BRITISH COLUMBIA / ACCESS Newswire / February 26, 2026 / Eagle Plains Resources Ltd. (TSX-V:EPL)(OTCQB:EGPLF) ("EPL" or "Eagle Plains") is pleased to announce it has entered into a purchase and sale agreement with Trident Resources Corp. (TSX-V:ROCK)(OTCQB:TRDTF )("Trident " or " the Company") on seven individual non core claim blocks totalling 4,711 ha. Under the terms of the agreement, dated February 25, 2026, 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 projects are located in the La Ronge Gold Belt, and are contiguous with Trident's extensive land holdings in the area.

The agreement is not an arm's-length transaction, as such term is defined in the TSX Venture Exchange's Policy 1.1, and therefore constitutes 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 is relying on the exemptions from the formal valuation and minority approval required under MI 61-101. The Company is 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 is 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.

The agreement is subject to acceptance by the TSX Venture Exchange.

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

"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: abw@eagleplains.com 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

FAQ

What did Eagle Plains (EGPLF) sell to Trident on February 25, 2026?

Eagle Plains sold seven non-core claim blocks totaling 4,711 hectares in the La Ronge Gold Belt. According to the company, Trident acquires 100% interest for $5,000 cash with Eagle Plains retaining a 2% NSR.

What royalty terms did Eagle Plains (EGPLF) retain in the Trident deal?

Eagle Plains retained a 2% net smelter royalty (NSR) on the claims. According to the company, Trident may purchase one-half of that NSR for $1,000,000.

Is the Eagle Plains (EGPLF) sale to Trident a related-party transaction?

Yes, the transaction is non-arm's-length and constitutes a related-party transaction. According to the company, a director serves on both boards, triggering MI 61-101 considerations.

Will the Eagle Plains (EGPLF)–Trident transaction need TSX Venture Exchange approval?

The agreement is subject to acceptance by the TSX Venture Exchange. According to the company, the transaction also qualifies for MI 61-101 exemptions for valuation and minority approval.

How might the $5,000 sale price affect Eagle Plains (EGPLF) shareholders?

The sale yields minimal immediate cash proceeds of $5,000 but preserves a royalty interest. According to the company, the retained 2% NSR creates potential long-term value if the claims are developed.