BRIEF

on Eagle Plains Resources Ltd. (CVE:EPL)

Eagle Plains and Xcite Identify Key Geophysical Trends at Don Lake and Smitty Uranium Projects

Eagle Plains Resources Ltd., in partnership with Xcite Uranium Inc., has released initial geophysical findings from a 2025 survey performed on the Don Lake and Smitty uranium projects in Saskatchewan. This survey, including advanced interpretation and modeling by Condor Consulting Inc., aims to guide summer fieldwork and drilling plans for 2026.

The results highlight significant electromagnetic conductivity features at both projects, which correlate with historical uranium occurrences. These findings align with the regional Black Bay Fault, a primary control for uranium mineralization in the Beaverlodge camp.

Eagle Plains has given Xcite the option to earn up to an 80% stake in six projects, with an agreement requiring CDN$19,200,000 in exploration expenditures and other commitments. The projects have potential for both Beaverlodge-style and basement-hosted uranium mineralization.

R. P.

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