Cranbrook - Eagle Plains Resources Ltd. (TSX-V: 'EPL', 'Eagle Plains') and SKRR Exploration ('SKRR': CSE) are pleased to announced that crews and equipment have been mobilized to EPL's 100%-owned Olson property (the 'Property') to commence a 10-hole, 1850m (6000') diamond drilling program. SKRR may earn up to a 75% interest in the property over three years.

The Olson property area covers 5,712 ha located within the Trans Hudson Corridor 100 km east of La Ronge, Saskatchewan and 80km south of SSR Mining's Seabee Gold Operation. The 2022 diamond drill program is fully funded by SKRR.

2022 Drill Program

The current program will follow up on results from the EPL/SKRR 18-hole, 2981 m (9778') drill program completed in Fall 2020 and the 12-hole, 1674m (5492') drill program completed in Winter 2021. The 2020/21 programs were successful in defining significant gold mineralization at known but underexplored target areas as well as identifying new mineralized zones at the previously undrilled Michaels Lake and Ackbar Target Areas. The current 10-hole, 1850m (6000') 2022 drill program is designed to further test gold mineralization at the Olson, Ackbar Lake, Carina and Michael's Lake zones.

About Eagle Plains Resources

Based in Cranbrook, B.C., Eagle Plains is a well-funded, prolific project generator that continues to conduct research, acquire and explore mineral projects throughout western Canada. The Company was formed in 1992 and is the ninth-oldest listed issuer on the TSX-V (and one of only three that has not seen a roll-back or restructuring of its shares). Eagle Plains has continued to deliver shareholder value over the years and through numerous spin-outs, has transferred approximately $95,000,000 in value directly to its shareholders, with Copper Canyon Resources and Taiga Gold being notable examples.

The Company is committed to steadily enhancing shareholder value by advancing our diverse portfolio of projects toward discovery through collaborative partnerships and development of a highly experienced technical team. Eagle Plains also holds significant royalty interests in western Canadian projects, covering a broad spectrum of commodities. Management's focus is to advance its most promising exploration projects. Throughout the exploration process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities while building lasting relationships through honest and respectful business practices.

Expenditures from 2011-2021 on Eagle Plains-related projects exceed $27M, the majority of which was funded by third-party partners. This exploration work resulted in approximately 42,000m of diamond-drilling and extensive ground-based exploration work facilitating the advancement of numerous projects at various stages of development.

Contact:

Mike Labach

Tel: 1 866 (486 8673)

Email: mgl@eagleplains.com

Web: http://www.eagleplains.com

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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