Eagle Plains Resources Expands Gold Royalty Portfolio in Saskatchewan

Eagle Plains Resources Ltd. has entered a purchase and sale agreement with Trident Resources Corp. for seven non-core claim blocks in the La Ronge Gold Belt, totaling 4,711 ha. Under the agreement, Trident acquires 100% interest for $5,000, while Eagle Plains retains a 2% Net Smelter royalty. Should Trident choose, it can purchase half of this royalty for $1,000,000.

This transaction is a related party transaction due to Tim Termuende's roles at both companies, exempt from certain regulatory requirements under Multilateral Instrument 61-101.

The agreement is subject to approval from the TSX Venture Exchange. Qualified personnel, including Charles C. Downie, have approved the technical aspects of the release. This move aligns with Eagle Plains’ focus on enhancing its mining interests in Western Canada.