Eagle Plains and Xcite Define Prospective Geophysical Trends at Beaver River Uranium Project, SK

• Eagle Plains and partner Xcite Uranium released initial geophysical results from a 2025 VTEM Plus airborne survey at the Beaver River Uranium Project in Saskatchewan.
• Data reveals strong correlations between anomalous conductivity/magnetic trends and known uranium mineralization at the VIC and COMBINED zones, indicating favorable structural environments.
• Advanced geophysical interpretation is nearing completion to prioritize summer fieldwork and target drill holes for Q3/Q4 2026.
• Historical assays include trench samples up to 29.89% U3O8 and shallow drilling intersections.
• Xcite holds an option to earn an 80% interest by completing $3.2M in exploration expenditures, issuing 750,000 shares, and making cash payments totaling $19.2M in expenditures, 4.5M shares, and $330k cash to Eagle Plains.
• Eagle Plains retains a 2% NSR royalty on the property.

• The announcement is a routine exploration update that confirms the progression of the Xcite option agreement formalized in early 2026.
• It validates the geological model and sets clear expectations for near-term drilling, aligning perfectly with previous announcements regarding the VTEM survey and target prioritization.
• No new financial terms, unexpected discoveries, or strategic shifts are introduced. The market likely already priced in the geophysical survey and subsequent drilling plans.
• Impact is incremental and expected, maintaining the positive trajectory of the project generator model without altering the fundamental investment thesis or valuation.

• Eagle Plains operates as a project generator, researching and acquiring mineral exploration properties, developing them through joint ventures, and generating revenue via geological consulting (TerraLogic), option agreements, and royalties.
• Flagship projects include the Beaver River Uranium Project (Saskatchewan), Theory Copper-Gold Project (BC), Iron Range Precious Metals Project (BC), and George Lake Critical Metals Project (Saskatchewan).
• The company maintains a diverse portfolio across uranium, copper-gold, and base metals, leveraging in-house geological expertise to minimize dilution and attract third-party funding.