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Wednesday, 10/06/2010 11:02:52 AM

Wednesday, October 06, 2010 11:02:52 AM

Post# of 51
Oct. 6 News for 'EGPLF' - (Eagle Plains Samples New High-Grade Gold Discovery at
Yellowjacket Gold Project, Atlin, B.C.)


CRANBROOK, British Columbia, Oct 06, 2010 (BUSINESS WIRE) -- Eagle Plains
Resources Ltd (TSX-V:EPL) is pleased to report that bedrock sampling on the
Yellowjacket Gold Project located near Atlin, BC has returned significant
high-grade gold mineralization recently exposed by placer mining activity in an
area 700m west of current exploration work. Partial results from sampling have
been returned, with additional results pending.

Highlights:

Recent placer mining activity by third-party lessees has exposed mineralized
bedrock material owned 100% by EPL which assayed 51.36 g/t over 5.2m, located
approximately 700m west of the Yellowjacket Zone, where drilling activity is
currently underway Mineralized zone is open to the north and at depth, with
further analytical results pending. An historic shaft has also been recently
exposed and appears to be related to the mineralized zone. This feature is
interpreted to be the Rock of Ages shaft, as reported in historical documents
Drilling continues on the Yellowjacket Zone, with 30 holes completed to date;
results pending

Placer mining activity is still underway on placer claims originally leased from
Prize Mining and now leased from owner Eagle Plains (as reported by Prize Mining
on September 28th, 2010). Recent excavation on the claims has exposed an
historic timbered shaft sunk into altered bedrock material. Historical reports
suggest that this shaft was located within the Rock of Ages Zone. The 1903
Report of the Minister of Mines describes the Rock of Ages workings as: "...a
shaft has been sunk 60 feet. From the bottom of this a cross-cut was run 7 feet
and struck the hanging wall of the ledge. A drift was run down-stream 60 feet at
this level, and one upstream on the 30 foot level. The ledge wherever tapped is
about 14 feet in width, mostly low grade ore, although many extremely rich
patches are encountered." Eagle Plains geologists have mapped and sampled the
local area and have now received partial results, including an interval which
returned 51.36 g/t over 5.2m. Additional mapping to the north and west of the
mineralized zone suggests similar geological characteristics, with sample
results pending.

Drilling continues at the Yellowjacket Zone located 700m to the east. A total of
45-50 reverse circulation holes are planned for the area, with 30 holes
completed to date. A total of 1900m (6200') of drilling is planned for this
program. Analytical results are pending.

The Yellowjacket Project is located 9 km east of Atlin, BC and is accessed by
all-season road. Hydro-electric power is located within 5km of property
boundaries. The project received a B.C. Mines Act permit in July, 2009 for an
open pit gold mine and onsite 400 tpd mill and concentrator, processing up to
75,000 tons per year. The Permit contemplates a 7--9 year mine life from a
series of open pits entirely within an area of disturbed placer workings. Since
the recent completion of the buy-out from Prize, Eagle Plains owns a 100%
interest in both mineral (hard-rock) and placer rights within the project area.
In October 2009, Eagle Plains and Prize announced the formal ratification of an
Impact and Benefits Agreement with the Taku River Tlingit First Nation.

A detailed history of the project and photo-gallery may be found here

About Eagle Plains Resources

Eagle Plains continues to conduct research, acquire and explore metal projects
throughout western Canada. In addition to holding mining royalties on various
projects, Eagle Plains controls over 35 gold, base-metal and uranium projects,
several with third parties including Excelsior Mining Corp (TSX:MIN.P),
Sandstorm Resources Ltd. (TSX-V:SSL), Sandstorm Metals and Energy Ltd.
(TSX-V:SND), Providence Capital Corp., Waterloo Resources Ltd. (TSX-V:WAT.P),
Windstorm Resources Inc., 0802906BC Ltd. (a private B.C. company); Heemskirk
Canada Ltd., Touchdown Capital Inc. (TSX-V: TDW) and 99 Capital Corp.
(TSX-V:WDG). In recent years, Eagle Plains has completed option agreements with
Teck Limited (TSX:TCK.B), Alexco Resource Corp. (TSX-V:AXR), Billiton Metals,
Rio Algom Exploration, NovaGold Resources, Kennecott Exploration and numerous
other junior exploration companies, resulting in over 53,600m (163,370') of
drilling and over $28.3 million in exploration spending on its projects since
1998.

Expenditures during 2008 and 2009 on Eagle Plains' projects were approximately
$7,300,000, funded by Eagle Plains and third party partners. This work resulted
in approximately 6,900m of drilling and extensive ground-based exploration work
and facilitated the advancement of numerous projects at various stages of
development.

Technical aspects of this news release have been reviewed and approved by T.J.
Termuende, P.Geo., hereby designated as a qualified person under National
Instrument 43-101.

On behalf of the Board of Directors

Signed,

"Tim J. Termuende"

President and CEO

Cautionary Note Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 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.

SOURCE: Eagle Plains Resources Ltd



CONTACT:
Eagle Plains Resources Ltd
Mike Labach, 1 866 HUNT ORE (486 8673)
mgl@eagleplains.com
http://www.eagleplains.com


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