Eagle Plains Resources Ltd fka EPL

[btrain]

News - 5/19/2011: Providence Resources/Eagle Plains Resources Conduct Geophysical and Geochemical Surveys on the Iron Range Project

Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - Pink
Sheets),and Providence Resources Corp. (TSX-V:PV) have resumed fieldwork at the
Iron Range Project.Scott Geophysics Ltd. and TerraLogic Exploration Inc. have
been retained to perform borehole directional and ground based induced
polarization (IP) geophysics and soil geochemical surveys.

The IP surveys will target the area of gold-bearing massive sulphide
mineralization intersected by diamond drilling in 2010(see Dec 21, 2010 news
release). Highlights included drill hole IR10-010, which included:

* 196.9-204.0m: 7.1m @ 8.13g/t Au, 5.91% Pb/Zn, 86.6g/t Ag

* 224.0-280.5m: 56.5m @ 1.9g/t Au, 21.5g/t Ag

* Also including lowermost 277.5-279.5m: 2.0m @ 12.8g/t Au, 9.24% Pb/Zn,
122.5g/t Ag; elevated Cd, Sb, Sn, Bi, B, Cu.

The lowermost zone is interpreted to lie at or near the lower-middle Aldridge
Formation contact (LMC). The LMC is the interval which hosts the world class
Sullivan deposit. The structural setting, alteration assemblages and accessory
minerals encountered are also consistent with those associated with the Sullivan
deposit.

A borehole directional survey will test a number of drill holes to help define
the extension and orientation of the semi-massive to massive sulphides
encountered in drilling at the Talon zone. A ground based IP survey is currently
being conducted over the Talon zone, and the surface lineament extensions to the
north and northeast of the Talon zone. Chargeability and resistivity profiles
will be reviewed with respect to known mineralization to define targets for
drill testing of extensions of mineralization.

A new target area for geochemical soil sampling has been defined through a
compilation of recent and historical drill data which places the Lower-Middle
Aldridge Formation (LMC) contact topographically lower and hence outside the
area of previous soil geochemistry surveys. The current survey has been
initiatedin the southeastern part of the property and encompasses approximately
25.0 line-km of both contour and grid soil geochemical surveys. Geological
mapping within and proximal to the survey area is occurring concurrently.

Both the geophysical and geochemical surveys are expected to be completed near
the end of May. This work forms a portion of Phase III which is to include a
property wide airborne survey, additional mapping, and soil geochemistry. The
estimated budget for this phase is set at $700,000.00. The objective is to
develop additional SEDEX and gold drill targets.

Geological exploration contracting services on the Iron Range property during
2011 are being provided by TerraLogic Exploration of Cranbrook, B.C. (a
wholly-owned subsidiary of Eagle Plains). All fieldwork is under the supervision
of geologist J.K. Ryley while C.C. Downie, P.Geo. is hereby identified as the
overall project supervisor, hereby designated as a qualified person under
National Instrument 43-101.

Iron Range Project Summary

The Iron Range deposits were originally staked in 1897, and were covered by
Crown Grants held by Cominco Ltd. and the Canadian Pacific Railway. Eagle Plains
staked the current claims immediately after the Crown Grants reverted in 2000,
and have been exploring the property since then. Exploration work to date
includes geological mapping, geochemical surveys, diamond drilling and a
690-line-kilometre airborne geophysical survey. The Iron Range project is owned
100 per cent by Eagle Plains and holds no underlying royalties or encumbrances.
An additional 35,800 hectares of claims were added to the existing land package,
resulting in a total of 56,200 ha -- an area approximately 11 km by 50 km. The
land package now covers over 30 km of the Iron Range structure, most of it
unexplored.The claims also overlie rocks of the Aldridge Formation, including
the same stratigraphic time horizon which hosts the world-class Sullivan deposit
located 70km to the northeast.Over its 100 year lifetime, Sullivan produced
approximately 150,000,000 tonnes of ore including 300,000,000 ounces of silver,
8,000,000 tonnes of zinc and 8,000,000 tonnes of lead, collectively worth over
$30 billion at current metal prices. The parties caution that past results or
discoveries on proximate land are not necessarily indicative of the results that
may be achieved on the Iron Range property.

Providence Option Agreement

The Iron Range project is owned 100% by Eagle Plains and holds no underlying
royalties or encumbrances. Providence holds the option to earn a 60% interest in
the Property by spending $3,000,000 on exploration, making $500,000 in cash
payments and issuing 1,000,000 shares to EPL over 4 years.

About Providence Resources Corp

Providence Resources Corp. is a junior mining exploration company focused on
delivering shareholder value through project acquisition and
development.Currently the company is focused on its Iron Range Project in
British Colombia, Canada.

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.Expenditures during 2011 are planned to be approximately $8,000,000 to
be funded by Eagle Plains and third party partners.This exploration work will
result in approximately 9400m diamond drilling and extensive ground-based
exploration work facilitating the advancement of more than 15 projects at
various stages of development.

Vince Sorace

President, Providence Resources Corp.

Tim J. Termuende, P.Geo.

President, Eagle Plains Resources Ltd.

For further information relating to Providence, please email
[e-mail]

or visit our website at www.providenceresources.ca

For further information on EPL, please contact Mike Labach at 1 866 HUNT ORE
(486 8673)

Email: [e-mail] or visit our website at http://www.eagleplains.com

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.

To view this release as a web page, please click on the following link:

http://www.usetdas.com/pr/eagle05192011.htm

Source: Eagle Plains Resources Ltd. (TSX-V: EPL) http://www.eagleplains.ca

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