Eagle Plains amends Aug. 12 news release

Executive Summary

• Eagle Plains Resources Ltd. agreed to sell four non‑core claim blocks in Saskatchewan (totaling 16,245 ha) to Trident Resources Corp. for cash consideration of $14,730.
• The transaction is a related‑party, non‑arm’s‑length deal; Eagle Plains will retain a 2 % net smelter royalty on the sold claims.
• The agreement is subject to TSX Venture Exchange acceptance and relies on exemptions from formal valuation and minority‑shareholder approval under MI 61‑101.

Key Details

• Properties: Four individual claim blocks in the La Ronge gold belt, Saskatchewan; total area 16,245 ha.
• Purchase Price: $14,730 cash paid by Trident Resources Corp. to Eagle Plains.
• Royalty Retention: Eagle Plains retains a 2 % net smelter royalty on all of the sold claims.
• Related‑Party Nature: Tim Termuende is a director/officer of both Eagle Plains and Trident, making the transaction non‑arm’s‑length under TSX Venture Exchange Policy 1.1 and MI 61‑101.
• Regulatory Exemptions:
• Exempt from formal valuation (Section 5.5(b)) because no securities are listed on the specified markets.
• Exempt from minority shareholder approval (Section 5.7(1)(a)) as fair market value ≤ 25 % of Eagle Plains’ market capitalization.
• Exchange Review: Classified as a “reviewable transaction” per Policy 5.3; pending acceptance by the TSX Venture Exchange.
• Qualified Person: Charles C. Downie, PGeo (officer/director), reviewed and approved the scientific/technical disclosure under NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)