CRANBROOK, BRITISH COLUMBIA — January 15, 2026 — Leads & Copy — Eagle Plains Resources Ltd. (TSXV:EPL)(OTCQB:EGPLF) has announced results from its 2025 field program at the 100% owned Pine Channel Property, located approximately 40km west of Stoney Rapids, Saskatchewan. The property is subject to a 2% NSR held by Summit Royalties, which includes a 1% buy-back clause to Eagle Plains.
The six-day field program followed up on encouraging 2020 results, with targeting refined by the compilation and interpretation of airborne magnetic and LIDAR results obtained in 2022 and 2024. A total of 64 rock samples were collected in 2025. Analytical results ranged from trace values to a highest value of 427g/t Au (grab sample), with eleven samples returning over 3 g/t Au, including 4 samples over 34 g/t Au. Sampling of targets identified through lineament analyses in the areas of known mineralization confirm the potential for additional gold bearing structures. TerraLogic Exploration Inc. of Cranbrook, BC, managed the program.
The highest-grade mineralization is concentrated at the Pit and ELA occurrences, where sampling returned bonanza gold grades (up to 427 g/t Au) with consistently anomalous silver (up to 111 g/t Ag), and associated pathfinder elements arsenic and antimony.
Jesse Campbell, Vice President of Exploration for Eagle Plains, stated that the Pine Channel project has exceptional endowment of gold and silver mineralization in multiple zones throughout the property. The bonanza grade gold mineralization sampled in 2025, combined with historically documented results, greatly increases confidence that Pine Channel is an important precious metal prospect within the Eagle Plains generative portfolio. A permit application, which could enable drilling as early as Q2 2026, has been initiated and a comprehensive interpretation of project data is underway. Campbell anticipates that 2026 will 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. He added that with a strong treasury and a tail-wind of strong commodity prices, the management team is excited for the year ahead.
Highlights from the 2025 field program include:
At the Pit Occurrence and no. 10 showing Area (SMDI 1581, 2177), rock sampling from historical trenches confirmed the presence of three NW-trending high grade gold bearing veins. Two 2025 grab samples from the central Pit vein (samples THPCR024 and THPCR025) returned 427 g/t Au, and 109 g/t Au, respectively, with silver to 111 g/t Ag. Three grab samples from the West Pit vein, located 70m west of the central vein, returned 34 g/t Au, 4.3 g/t Au, and 18.8 g/t Au (samples THPCR022, THCPR021, THPCR023, respectively). Historical trenches on the east Pit vein, located 100m east of the central vein, were relocated in 2025. A grab sample by Eagle Plains on this vein in 2020 returned 1.9 g/t Au (PHPCR007).
An additional set of previously undocumented NW-aligned trench-pits were located 375m SW of the main Pit vein. A grab sample of quartz vein rubble from one of the pits returned 6.7 g/t Au (sample BRPCR011).
At the ELA & no.5 showings (SMDI 1574,2174), the Ela showing is a NW-tending vein exposed in a series of trenches over a strike length of 325m. In 2025, the emphasis was to assess along-strike and off-axis potential for additional mineralized vein systems. A grab sample of subcrop vein material with 10% visible sulphides, was collected 55m east of the main vein, along a probable parallel vein system and returned 12.2 g/t Au (MHPCR028). A 2025 grab sample from an 80cm width exposure of the main Ela vein returned 34.7 g/t Au (NHPCR012).
At Algold Bay (SMDI 1575 & 1578), the main NNW-trending Algold vein is exposed in a series of historical trench pits over a strike length of approximately 150m. The vein is 30-40 cm wide with abundant arsenopyrite and pyrite. Two samples along the vein returned values of 8.2 g/t Au (MHPCR023) and 5.3 g/t Au (MHPCR024). An off-axis grab sample (MHPCR022: 408 ppb Au), collected 65m west of the main vein, suggests the potential for additional mineralized structures at the showing.
Comprehensive data interpretation and analyses is underway to define and prioritize targets for diamond drill testing.
The Pine Channel Property consists of 29 mineral dispositions covering 6,519 hectares located approximately 40 km west of Stony Rapids, Saskatchewan. The property can be accessed year-round by float- or ski-equipped aircraft from Stony Rapids or Fort McMurray, AB. The eastern and northern part of the property is transected by a high voltage powerline.
Highlights from documented historical work and previously reported results include:
Algold Bay: 63.5 g/t Au over 0.6 m (drill hole) (SMDI 1575)
North Norite Bay: 407.96 g/t Au over 0.5 m (drill hole) (SMDI 2183)
ELA: 39.96 g/t Au over 0.55 m (drill hole) (SMDI 1574)
Holes G-1 and G-3: 3.20 g/t Au over 1 m (drill hole) (SMDI 2329)
Occurrence No. 6/Occurrence No. 8: 90.6 g/t Au over 0.2 m (trench sample) (SMDI 1581)
Cole Lake Ni-Cu: 0.45% Ni over 7.0 m (drill hole), 6.2 g/t Au, 0.01% Ni and 0.06% Cu over 3.0 m (trench sample) (SMDI 1583)
The main deposit type that is being explored for at Pine Channel is structurally controlled vein-quartz (lode) gold deposits. Mineral occurrences on the Pine Channel Property contain predominantly gold, with rare base metal occurrences. Within the Pine Channel tenures there are twenty documented historical showings.
Since acquiring the property, Eagle Plains has completed field programs focused on prospecting and mapping in areas of known mineral occurrences. The work confirms the widespread occurrences of auriferous quartz veins and associated shear systems in the Pine Channel property. Analytical results from the seventy-two rock samples collected in 2020 range from 6 ppb Au to 68,400 ppb Au (68.4 g/t Au). Twenty-three of the samples returned greater than 1 g/t Au, and eight returned greater than 10 g/t Au.
2022 and 2024 work included a helicopter-borne high-resolution aeromagnetic and radiometric survey and a high-resolution LiDAR and orthophoto survey. Lineation analyses of the LiDAR imaging, combined with the aeromagnetic data, defined a number of new target areas adjacent to and along strike from known mineralization.
Technical information in this News Release has been reviewed and approved by C.C. Downie, P.Geo., a director and officer of Eagle Plains.
On behalf of the Board of Directors of Eagle Plains:
C.C. (Chuck) Downie, P.Geo
President and CEO
For further information, please contact Mike Labach at 1 866 HUNT ORE (486 8673) or mgl@eagleplains.com.
Source: Eagle Plains Resources Ltd.
