Eagle Plains Increases Saskatchewan Gold Royalty Portfolio, Issues Incentive Options

Rhea-AI Summary

Eagle Plains Resources (OTCQB:EGPLF) has announced two key developments. First, the company has entered into a purchase and sale agreement with Trident Resources for four non-core claim blocks totaling 16,245 hectares in the La Ronge Gold Belt. The deal involves a cash payment of $14,730, with Eagle Plains retaining a 2% Net Smelter royalty on all claims.

Additionally, Eagle Plains has granted 2,270,000 incentive stock options to directors, employees, and key consultants at an exercise price of $0.18 per share, expiring August 8th, 2030.

Positive

• Retention of 2% Net Smelter royalty on all claims, providing future revenue potential
• Monetization of non-core assets while maintaining upside exposure through royalty
• Alignment of management interests with shareholders through incentive options

Negative

• Relatively small cash consideration of only $14,730 for the claim blocks
• Potential dilution from 2,270,000 new stock options

CRANBROOK, BC / ACCESS Newswire / August 12, 2025 / Eagle Plains Resources Ltd. (TSXV: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 ") on four individual non-core claim blocks totalling 16,245 ha. Under the terms of the agreement, Trident will purchase a 100% interest in the properties for a cash consideration of $14,730, with EPL retaining a 2% Net Smelter royalty on all of claims. The projects are located in the La Ronge Gold Belt, and are contiguous with Trident's extensive land holdings in the area.

Incentive Options Granted

Eagle Plains has granted incentive stock options to directors, employees and key consultants of the Company for the purchase of a total of 2,270,000 shares at an exercise price of $.18 per share, expiring August 8^th, 2030, pursuant to the Company's current option plan (subject to shareholder and regulatory approvals).

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 $100,000,000 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 holds a diverse portfolio of royalty assets throughout western Canada. On July 02, 2025, ER announced that it had entered into a definitive amalgamation agreement with Summit Royalty Corp. pursuant to which Summit will "go-public" by way of a reverse takeover (RTO) of ER. Eagle Royalties shareholders will receive a consideration of $0.18 per ER share, representing a premium of 47% based on ER's closing price on June 30, 2025 on the Canadian Securities Exchange. Completion of the RTO is subject to a number of conditions, including, but not limited to, Exchange acceptance and required shareholder approvals of ER and Summit. There can be no assurance that the RTO will be completed as proposed or at all.

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 2010-2024 on Eagle Plains-related projects exceed $39M, 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 Mike Labach at 1 866 HUNT ORE (486 8673)
Email: mgl@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 assets did Eagle Plains Resources (EGPLF) sell to Trident Resources?

Eagle Plains sold four non-core claim blocks totaling 16,245 hectares in the La Ronge Gold Belt for $14,730, while retaining a 2% Net Smelter royalty on all claims.

How many stock options did Eagle Plains Resources grant in August 2025?

Eagle Plains granted 2,270,000 incentive stock options to directors, employees, and key consultants at an exercise price of $0.18 per share, expiring August 8th, 2030.

What royalty did Eagle Plains Resources retain in the Trident Resources deal?

Eagle Plains retained a 2% Net Smelter royalty on all claims sold to Trident Resources.

Where are the claim blocks Eagle Plains sold to Trident Resources located?

The claim blocks are located in the La Ronge Gold Belt and are contiguous with Trident's existing land holdings in the area.