Eagle Plains Partner Earthwise Intercepts Mineralization in all Holes at the Iron Range Precious Metals Project, BC.

Executive Summary

• Eagle Plains Resources Ltd. announces the completion of a 1,182m diamond drilling program at its 100% owned Iron Range Project in SE British Columbia, managed by partner Earthwise Minerals Corp.
• The program successfully infilled historical mineralization at the Talon Zone structure and extended the known mineralized trend southwest by a 40m step-out.
• Earthwise holds an exclusive option to acquire up to an 80% interest in the project through staged cash payments, share issuances, and exploration expenditures, culminating in a bankable feasibility study.

Key Details

• 2026 Drill Program: Completed 1,182m across three holes (IR26053, IR26054, IR26055) targeting the Talon Zone structure.
• Hole IR26053 (410m): Intercepted Talon Zone structure between 280-396m, defined by strong silica-feldspar alteration and dense quartz-feldspar-ankerite veins with polymetallic mineralization.
• Hole IR26054 (383m): Intercepted Talon Zone structure between 258-345m with similar alteration and veining characteristics.
• Hole IR26055 (389m): Intercepted upper mineralized horizon (15-80m) and lower Talon Zone horizon (241-380m), marking a 40m step-out from historical hole IR11015.
• Historical High-Grade Intercepts: 2010 drilling (IR10010) intersected 14.0m @ 5.1g/t Au, 1.86% Pb, 2.1% Zn, 75.3g/t Ag and 7.1m @ 8.13g/t Au, 2.84% Pb, 3.07% Zn, 86.6g/t Ag. 2008 drilling (IR08006) intersected 7.0m @ 51.52g/t Au.
• Pyromorphite Zone Grab Samples: Historical and 2025 fieldwork returned up to 54.7 g/t Au, 42.2 g/t Ag, 2.8% Pb, and >10,000 ppm As.
• Option Agreement Structure: Earthwise may acquire up to 80% interest. Phase 1 (70%): CA$250,000 cash, 1,500,000 common shares, and CA$4,000,000 in exploration expenditures over 4 years. Phase 2 (additional 10%): CA$1,000,000 cash + completion of a bankable feasibility study before the 8th anniversary.
• Royalty Terms: 2% smelter returns royalty granted upon option exercise; 1% may be repurchased for CA$1,500,000.
• Project Status & Logistics: 20,021 ha property fully permitted under a Multi-Year Area Based (MYAB) permit. Located near Creston, BC, with existing power, gas, and rail infrastructure. Samples submitted to ALS Global for Fire Assay and multi-element characterization.

Notable Quotes

• Chuck Downie, President and CEO: "We are excited to return to exploration drilling at the Iron Range. The known, structurally controlled, Talon Zone mineralization correlates with multi element geochemical anomalies and strong IP resistivity and chargeability signatures, with similar features in the area remaining untested by drilling."