Eagle Plains Receives Conditional Approval for Saskatchewan Property Sale

Eagle Plains Resources Ltd. has secured conditional approval from the TSX Venture Exchange for its agreement with Trident Resources Corp. The deal involves the sale of four non-core claim blocks in Saskatchewan, totaling 16,245 hectares. These properties are located in the La Ronge Gold Belt and will be integrated into Trident's larger land holdings in the area.

Under the agreement, Trident will acquire 100% interest in the properties for $14,730. Eagle Plains retains a 2% Net Smelter royalty on all claims, marking this a Non-Arm's-Length transaction due to shared directorship between the two companies. The transaction meets the exemptions per Multilateral Instrument 61-101, avoiding the need for formal valuation or minority shareholder approval.

Charles C. Downie, a qualified person and the officer of Eagle Plains, verified the technical disclosures in this release.