Eagle Plains Intersects Mineralization in Step-out Holes at George Lake Critical Metals Project, Saskatchewan

Executive Summary

• Two of three planned 2026 diamond drill holes at the George Lake Project have been completed, both intersecting the Zn/Pb deposit horizon.
• Hole GL26001 intercepted a 56 m mineralized zone (4.01% Zn/0.54% Pb) down‑dip from historic drilling; Hole GL26002 intercepted a 49 m zone (2.69% Zn/0.41% Pb).
• Preliminary interpretation indicates the mineralization remains open both down‑dip and along strike, supporting continued exploration.

Key Details

• Drill Program: 2026 diamond drilling, total of 1,130 m completed to date; third hole (GL26003) still in progress.
• Hole GL26001:
• Coordinates: E 574,919 / N 6,370,769 (NAD83 UTM Zone 13N)
• Azimuth/Dip: 311° / –62°
• Total depth: 580 m
• Intercept: 56 m of mineralized stratigraphy from 480‑536 m, comparable to historic GL08-02 and GL‑21 intercepts.
• Hole GL26002:
• Coordinates: E 574,767 / N 6,370,645 (NAD83 UTM Zone 13N)
• Azimuth/Dip: 319° / –62°
• Total depth: 550 m
• Intercept: 49 m of mineralized zone from 468‑517 m, comparable to historic GL08-01 and GL‑25 intercepts.
• Hole GL26003:
• Coordinates: E 575,071 / N 6,370,873 (NAD83 UTM Zone 13N)
• Azimuth/Dip: 311° / –58°
• Status: In progress; designed to undercut historic GL08‑08B and GL08‑03.
• Historical Context: The George Lake deposit has >4,100 m of historical drilling across 22 holes, with best historic intercepts of 57.9 m @ 2.65% Zn/0.41% Pb and 47.8 m @ 4.03% Zn/0.44% Pb.
• Geological Interpretation: Mineralization remains open down‑dip (~208 m below deepest historic intercept) and along a strike length of ~385 m; the deposit extends over ~8.1 km strike with surface dimensions ≈35 m × 800 m.
• Technical Team: Drilling conducted by TerraLogic Exploration Inc.; drill contractor New Age Drilling Solutions; overseen by Kerry Bates, P.Geo., Exploration Manager.
• Agreements & Incentives: Project covered under an Exploration Agreement with the Ya’thi Néné Lands and Resource Office (YNLR) and eligible for up to $150,000 Saskatchewan Targeted Mineral Exploration Incentive (TMEI).
• Qualified Person: C.C. Downie, P.Geo., Director & Officer of Eagle Plains, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“The intersected mineralized stratigraphy confirms that the George Lake system remains open both down‑dip and along strike, underscoring the significant exploration upside at this project.” – C.C. (Chuck) Downie, President & CEO

Materiality Assessment: Non-Material – Positive (the release provides encouraging drilling results but does not constitute a material event such as earnings, financing, or M&A).