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Wednesday, 10/27/2010 12:50:12 PM

Wednesday, October 27, 2010 12:50:12 PM

Post# of 51
Oct. 27th News for EPL.V 'EGPLF' - (Eagle Plains Reports Results on Dragon Lake Gold Project, Yukon
Territory)


CRANBROOK, British Columbia, Oct 27, 2010 (BUSINESS WIRE) -- Eagle Plains
Resources Ltd. (EPL:TSX-V) has received and compiled analytical results from its
100% owned Dragon Lake project, located within the Tintina Gold Belt
approximately 80km northeast of Ross River, Yukon. The $180,000 program was
carried out during the 2010 summer exploration season and consisted of an
airborne geophysical survey followed by geological mapping, soil geochemical
sampling and trenching.

Highlights



- Trenching returned 4.9 g/t Au, 1.1 g/t Ag and 0.1% Cu over 6.0 m.



Including: 6.7 g/t Au 1.4 g/t Ag and 0.12 % Cu over 4.0 m.

Including: 19.0 g/t Au, 1.9 g/t Ag and 0.12 % Cu over 1.0 m.

- Individual samples of till and soil material from pits spaced

125m apart returned 2.85 g/t

Au, 5.9 g/t Ag and 3.72 g/t

Au, 10.3 g/t Ag, 0.11% Cu and 0.11% Pb.



- Broad soil geochemical anomalies outlined with values up to 454

ppb gold.





The Dragon Lake property has the potential to host both high-grade and
bulk-tonnage gold mineralization. Many targets on the property remain to be
tested with further exploration including trenching and diamond drilling.
Follow-up exploration work is strongly recommended for the property.

2010 Program:

The 2010 exploration program consisted of a 183 line km airborne geophysical
survey and a 17 day field program from June 4th-20th, 2010. The purpose of the
airborne geophysical survey was to locate any buried intrusions and/or major
structural features that could be controlling and influencing mineralization.
The focus of the geological program was to evaluate and re-sample historic
trench and diamond drill core as well as complete follow-up exploration pits on
anomalous soil samples from the earlier programs. Soil geochemical coverage was
also expanded the south and west of the property, where there is little to no
rock exposure.

The sampling from the 2010 program confirmed and upgraded the results from
historic trenches and diamond drill holes. The Main Skarn zone returned values
up to 4.9 g/t Au, 1.1 g/t Ag and 0.1% Cu over 6 m, including 19 g/t Au, 1.9 g/t
Ag and 0.12 % Cu over 1 m. A grab sample from DDH99-01 returned 19 g/t Au,
representing high-grade Au potential that was previously undiscovered on the
property. Grab samples from the Intrusive Contact zone also returned results of
up to 1.74 g/t Au and 15.3 g/t Ag.

Exploration pits dug in 2010 were successful in better defining the sources of
anomalous values from soil samples at the surface. Results from these pits
warrant further investigation with trenching and/or diamond drilling. Soil and
till samples from pits DR10P003 and DR10P005 returned up to 2.85 g/t Au, 5.9 g/t
Ag, 0.09% Cu and 3.72 g/t Au, 10.3 g/t Ag, 0.11% Cu and 0.11% Pb respectively.
These findings show very good potential for high-grade mineralization at depth
at these localities and warrant further exploration.

Property Geology

Dragon Lake geology consists of Hyland Group sedimentary rocks interspersed with
volcanic flows and dykes intruded by Cretaceous-aged intrusive rocks. Gold
mineralization is found in skarn material associated with intrusive rocks and
within veins hosted by both intrusive and sedimentary rocks. Accessory minerals
including stibnite (antimony), scheelite (tungsten) and arsenopyrite (arsenic)
are commonly reported.

Property History

Copper and gold mineralization was discovered on the property by the Geological
Survey of Canada in 1945. Sporadic exploration occurred from 1960 to the late
1980s by various operators. Eagle Plains staked the property in 1996 and carried
out fieldwork in 1997 followed by a short drill program in 1999 (4 holes
totalling 301m). The most significant results from the drill program are 2.1 g/t
gold from 49.3 to 59.5 m and 3.66 g/t gold from 106.6 to 107.8 m in hole D99-01;
and 0.63 g/t gold from 15.6 to 16.4 m in hole D99-03.

Exploration programs were carried out by Eagle Plains in 2004, 2005 and 2009,
consisting of geological mapping, ground-based geophysical surveys, soil
geochemical sampling and trenching.

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

All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.

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