Eagle Plains' Partner Xcite Uranium Receives Permits and Commences Fieldwork at the Uranium City Project, Saskatchewan

Executive Summary

• Eagle Plains Resources announced that partner Xcite Uranium Inc. has approved and mobilized crews for the 2026 exploration program at its Uranium City Projects in northern Saskatchewan.
• The $1.6M field program will utilize ground and airborne geophysics, geological mapping, and radon surveys to identify targets for fall 2026 diamond drilling.
• Eagle Plains has secured all necessary permits from the Saskatchewan Ministry of Environment for the planned exploration activities.

Key Details

• Partner Xcite Uranium Inc. approved the 2026 exploration plan and mobilized exploration crews to commence fieldwork.
• Approved budget for the 2026 fieldwork: $1.6M.
• Program focus: Identify targets for fall 2026 diamond drilling through a combination of ground-based field surveys and airborne/ground geophysics.
• Ground surveys will include geological mapping/prospecting, scintillometer surveys, and soil geochemical surveys.
• Augmented by Lidar/photogrammetric and detailed magnetic drone surveys to guide crews in near real-time to locate historical workings and structures of interest.
• RadonEx contracted to conduct soil and water radon surveys over strategic structures to prioritize detailed drill targets along geophysical lineaments.
• Geophysical surveys include airborne radiometrics and ground-based gravity, used in conjunction with VTEM + magnetic results to prioritize drill sites along inferred fault systems and locate hydrothermal alteration cells.
• Work will be completed by TerraLogic Exploration under the supervision of Jarrod Brown, MSc., VP TerraLogic, based out of Uranium City.
• Eagle Plains serves as operator for the project.
• Permits received from the Saskatchewan Ministry of Environment for exploration activities including temporary work camps, diamond drilling, access trail clearing, field prospecting, and geophysics with line cutting.
• Projects covered by the Xcite option agreements: Gulch, Lorado, Beaver River, Black Bay, Don Lake, and Smitty (covering 54 Saskatchewan Mineral Deposit Index occurrences and five past-producing uranium mines, 100% owned by Eagle Plains).
• Historical context: Beaverlodge District historic production of ~70.25 million pounds of U3O8 between 1950-1982, with ore grades averaging 0.23% U3O8.
• Projects are prospective for Beaverlodge-style, basement-hosted, and unconformity-hosted uranium mineralization.
• Formal Exploration Agreement exists with the Ya'thi Néné Lands and Resource Office (YNLR) representing the Athabasca Denesułiné First Nations and local northern communities.
• Technical disclosure reviewed and approved by Qualified Person Charles C. Downie, P.Geo., a director of Eagle Plains.