Eagle Plains sells Saskatchewan claims, grants options

Executive Summary

• Eagle Plains Resources Ltd. entered into a purchase‑and‑sale agreement to sell four non‑core claim blocks (totaling 16,245 ha) in the La Ronge gold belt to Trident Resources Corp. for cash of $14,730, while retaining a 2 % net smelter return royalty on all claims.
• The company granted incentive stock options covering 2.27 million shares at an exercise price of C$0.18 per share, exercisable through August 8, 2030 to directors, employees and key consultants.
• Both transactions were reviewed and approved by qualified person Charles C. Downie, P.Geo., under NI 43‑101 standards.

Key Details

• Asset Sale
• Buyer: Trident Resources Corp.
• Assets: Four non‑core claim blocks in Saskatchewan (La Ronge gold belt), total area 16,245 ha.
• Purchase price: $14,730 cash.

• Eagle Plains retains a 2 % NSR royalty on all sold claims.

• Incentive Stock Options

• Total shares authorized: 2.27 million.
• Exercise price: C$0.18 per share.
• Expiration date: August 8, 2030.

• Recipients: Directors, employees and key consultants under the company’s current option plan (subject to shareholder and regulatory approvals).

• Qualified Person

• Charles C. Downie, P.Geo., officer and director of Eagle Plains, qualified under NI 43‑101, reviewed and approved all scientific and technical disclosures in this release.

Notable Quotes

(No direct quotes were provided in the release.)