Eagle Plains samples up to 427 g/t Au at Pine Channel

Executive Summary

• Eagle Plains Resources Ltd. reported significant gold assay results from its 2025 field program at the 100%-owned Pine Channel Gold Project in Saskatchewan, with grab samples returning up to 427 g/t Au.
• The program focused on follow-up sampling of historical occurrences (Pit, ELA, Algold Bay) using refined targeting from 2022/2024 airborne magnetic and lidar data, confirming high-grade gold and silver mineralization in multiple zones.
• Management indicated that a permit application for diamond drilling has been initiated, with potential drilling as early as Q2 2026, and highlighted a strong pipeline of activity for 2026 including approved drill programs at George Lake and Dufferin West.

Key Details

• Highest Grade Results:
  • Pit Occurrence: Grab sample THPCR024 returned 427 g/t Au and 111 g/t Ag.
  • Pit Occurrence: Grab sample THPCR025 returned 109 g/t Au.
  • Pit Occurrence: Grab sample THPCR023 returned 18.8 g/t Au.
  • Pit Occurrence: Grab sample THPCR022 returned 34 g/t Au.
  • Pit Occurrence: Grab sample THCPR021 returned 4.3 g/t Au.
  • ELA Showing: Grab sample NHPCR012 returned 34.7 g/t Au.
  • ELA Showing: Grab sample MHPCR028 (subcrop vein material with 10% visible sulphides) returned 12.2 g/t Au.
  • Algold Bay: Grab sample MHPCR023 returned 8.2 g/t Au.
  • Algold Bay: Grab sample MHPCR024 returned 5.3 g/t Au.
  • New Target: Grab sample BRPCR011 from undocumented trenches 375m SW of Main pit vein returned 6.7 g/t Au.
• Sampling Statistics:
  • Total of 64 rock samples collected in 2025.
  • 11 samples returned over 3 g/t Au.
  • 4 samples returned over 34 g/t Au.
  • Range from trace values to 427 g/t Au.
• Project Status & Future Plans:
  • Permit application for drilling initiated; potential drilling as early as Q2 2026.
  • Comprehensive data interpretation underway to prioritize targets for diamond drill testing.
  • 2026 outlook includes approved drill programs at George Lake and Dufferin West in Q1.
  • Company considers 2026 one of its most active years, with programs considered at over 25 different projects.
• Historical Context:
  • Property subject to a 2% NSR held by Summit Royalties (includes 1% buy-back clause).
  • Historical drilling (6,066m in 115 holes) used thin diameter core, considered ineffective for high-grade nuggety gold; current work aims to better define these structures.
  • Previous 2020 sampling saw results up to 68.4 g/t Au.

Notable Quotes

• "The Pine Channel project has exceptional endowment of gold and silver mineralization in multiple zones throughout the property," commented Jesse Campbell, vice-president of exploration for Eagle Plains. "The bonanza grade gold mineralization sampled in 2025, combined with historically documented results, greatly increases our confidence that Pine Channel is an important precious metal prospect within the Eagle Plains generative portfolio."
• "Two thousand twenty-six is shaping up to be one of the most active years in company history with programs being considered at over 25 different projects including approved drill programs at George Lake and Dufferin West in Q1. With a strong treasury and a tailwind of strong commodity prices, our management team couldn't be more excited for the year ahead."