Eagle Plains Resources Ltd fka EPL

[btrain]

June 21 News - Eagle Plains/Ecomax Enter Into Option Agreement on Acacia Project, Central British Columbia

CRANBROOK, B.C., Jun 21, 2011 (BUSINESS WIRE) -- Eagle Plains Resources Ltd.
(EPL:TSX-V)(Pink Sheets: EGPLF) and Ecomax Energy Services Ltd. ("Ecomax" EES.H:
TSX-V) have entered into an agreement whereby Ecomax may earn a 60% interest in
the 4,600 ha Acacia Property, located 45 km north of Kamloops in central British
Columbia. Under terms of the Agreement, Ecomax has the option to earn its
interest in the property by completing $3M in exploration expenditures, making
$240,000 in cash payments and issuing 1.0M common shares to Eagle Plains over 4
years.

The Acacia property is considered to have good potential for hosting
Volcanogenic Massive Sulphide (VMS) deposits. These deposits typically contain
both base and precious metals, and occur in clusters and/or stacked lenses. The
property covers a stratigraphic assemblage which hosts a number of nearby
past-producing base and precious-metal deposits including the Samatosum, Rea
Gold, and Homestake mines. The property currently has at least three known
target areas. The parties caution that past results or discoveries on proximate
land are not necessarily indicative of the results that may be achieved on the
Acacia property.

-- Previous operators reported diamond drilling results including 10.6 g/t Au,
335.3 g/t Ag , 3.13 % Zn, 2.74% Pb, and 0.55% Cu over 2.37m on the Twin Mountain
occurrence

-- Eight massive sulphide lenses and a 1500m x 250m soil anomaly at the Acacia
Zone remain untested by drilling.

A detailed geological review and compilation may be viewed 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 Aben Resources Ltd. (TSX-V:ABN), Providence
Capital Corp. (TSX-V:PV), Waterloo Resources Ltd. (TSX-V:WAT.P), Blackrock
Resources Ltd. (a private B.C. company); Heemskirk Canada Ltd., Drexel Resources
Ltd. (TSX-V), Rosedale Resources Ltd (a private B.C. company), Slater Mining
Corp (TSX-V:SLM), Touchdown Capital Inc. (TSX-V: TDW), Bluefire Minerals Corp (a
private BC company), Active Growth Capital (TSX-V:ACK) and Giyani Gold 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 2011 are expected 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.

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
Mike Labach, 1-866-HUNT-ORE (486-8673)
[e-mail]
http://www.eagleplains.com