Eagle Plains Partner Earthwise Samples up to 13.4 g/t Gold and 27.2 g/t Silver during Summer Field Program at the Iron Range Gold Project, British Columbia

The most recent news release from November 17, 2025, reports on the completion of the 2025 summer fieldwork program at the Iron Range Gold Project in British Columbia by Eagle Plains’ partner, Earthwise Minerals Corp. The program included collecting 531 soil samples, 15 rock samples, and 5 heavy mineral concentrates, with results indicating significant mineralization. Highlights include a grab sample (KBBIRR004) from the Pyromorphite Zone returning 13.4 g/t gold and 27.2 g/t silver, and a soil sample (IRL196 14+75W) from the Star West Zone yielding 440 ppb gold (0.44 g/t Au). The news reiterates that Earthwise holds an exclusive option to acquire up to an 80% interest in the 100% owned Iron Range Project through phased payments, share issuances, and exploration expenditures. Management cautions that grab samples are selective and not necessarily representative of the overall mineralization.

This news is a positive, but routine, update on an active exploration project under option. It indicates that the partner, Earthwise Minerals, is actively advancing the Iron Range project as per the option agreement. The high-grade gold and silver grab sample from the Pyromorphite Zone and the anomalous gold in soil from the Star West Zone are encouraging early-stage results, confirming the presence of mineralization and justifying further exploration. This aligns with Eagle Plains' project generator model, where partners fund exploration, reducing capital expenditure for EPL while providing upside through retained royalties and potential equity stakes.

However, these are early-stage exploration results (sampling) and not a resource definition or a major discovery. While positive, the results, particularly selective grab samples, do not yet constitute a material change to the company's valuation or fundamental outlook. It's a step in the right direction, confirming prospectivity and validating the partner's ongoing commitment. This is consistent with the progress expected from an active exploration program.

Looking back at previous news regarding Iron Range: * 2025-02-10 (LOI) & 2025-03-03 (Final agreement): Eagle Plains entered into an option agreement with Earthwise Minerals Corp. for Iron Range. Earthwise can earn 70% by paying $250,000 cash, issuing 1.5 million shares, and funding $4 million in exploration over four years (with a minimum of $200,000 in 2025). An additional 10% (80% total) can be earned by paying $1 million cash and completing a bankable feasibility study. Eagle Plains retains a 2% NSR (1% buyback for $1.5M) and remains the operator. * 2025-04-23 & 2025-05-05 & 2025-07-14: Earthwise conducted data reviews and commenced fieldwork. * The current news details the initial results of this fieldwork. The results are a direct outcome of the previously announced exploration program and contribute to fulfilling Earthwise's exploration expenditure commitment, which is beneficial for Eagle Plains.

The news does not disclose any changes to the option terms or the overall project timeline. It is simply an expected progress report from an active partner.

Eagle Plains Resources Ltd. (EPL) operates as a well-established project generator in the mineral exploration industry, primarily focused on British Columbia, Saskatchewan, and Yukon. The company's business model involves acquiring grassroots exploration properties, conducting initial low-cost exploration (such as mapping, sampling, and geophysical surveys), and then optioning these properties to partner companies. This strategy allows EPL to de-risk projects, conserve its own capital, and maintain exposure to potential discoveries through retained royalties and equity stakes in partner companies.

EPL holds a diverse portfolio of critical metal and precious metal exploration properties. Its wholly-owned subsidiary, TerraLogic Exploration Inc., provides geological consulting services to third-party clients and intellectual capital to Eagle Plains, ensuring technical expertise for its projects. The company also owns Osprey Power Inc., focusing on clean energy projects.

While EPL has many projects, several "flagship" or key projects frequently mentioned in the news include:

• Iron Range Gold Project (British Columbia): Currently under option to Earthwise Minerals Corp. The project covers a large area (21,437 hectares) and is prospective for structurally controlled gold-silver, IOCG, and Sullivan-style sedex mineralization. Historical drilling and recent sampling have shown high-grade gold and silver. This is a critical project where a partner is funding significant exploration.
• Dufferin Uranium Property (Saskatchewan): Optioned to Refined Energy Corp., this project in the Athabasca Basin is targeted for unconformity- and basement-hosted uranium mineralization. It's located near Cameco's Centennial deposit, with drill permits received and drill planning underway.
• Theory Copper-Gold Project (British Columbia): Optioned to Sun Summit Minerals Corp., located in the Toodoggone mining district. It is prospective for epithermal gold and copper-gold porphyry deposits, with historical high-grade occurrences and a 2025 field program completed.
• Uranium City Area Projects (Saskatchewan): A portfolio of six uranium projects (Beaver River, Black Bay, Don Lake, Gulch, Lorado, Smitty) optioned to Xcite Resources Inc. These are situated in a historic uranium-producing camp and show potential for Beaverlodge-style uranium mineralization.
• Rusty Springs Silver-Lead-Zinc-Copper Project (Yukon): Recently sold to Blackcomb Silver Corp. for shares and royalties, highlighting the project generator model's success in monetizing assets.
• Black Diamond Antimony and Precious Metal Project (British Columbia): EPL 100% owned, with high-grade polymetallic silver-lead-zinc-antimony mineralization and ongoing fieldwork to identify new targets, available for option.

EPL's strength lies in its ability to continually generate and option out projects, spreading risk and potential reward across multiple commodities and jurisdictions.