Eagle Plains Resources Ltd fka EPL

[btrain]

August 11, 2011 News for 'EPL.V/EGPLF' - Eagle Plains/Drexel Commence Airborne Geophysical Survey on
Titan Gold Project, NW British Columbia


Cranbrook, British Columbia CANADA, Aug 11, 2011 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink)and
Drexel Resources Ltd. (DX:TSX-V) have commenced a 500 line-km airborne
geophysical (magnetometer and electromagnetic) survey on the Titan gold-copper
property, located in northwestern British Columbia. Following the survey, the
partners intend to complete follow-up geological work including geological
mapping, prospecting and soil sampling to define specific target areas for
diamond drilling. The survey is being conducted by SkyTEM Canada Inc.

The Titan property consists of 5100 hectares located 40 kilometers south west of
Atlin British Columbia, and 200 kilometers south of Whitehorse, Yukon. The east
side of the property borders the Taku Arm and may be accessed via barge from
Teslin. The White Pass Railroad, with direct access to the port of Skagway, is
located approximately 60 kilometres northwest of the property.

The project area covers portions of the prospective Llewellyn Fault, a >150
kilometre long crustal-scale fault system, which hosts numerous gold, silver and
base metal properties, including BC Gold's nearby Engineer Mine Project.
Mineralization on the Titan property includes a number of historic base and
precious metal BC Minfile occurrences associated with quartz veins and quartz
shears hosted by both metasediments and intrusives, as well as a high grade
molybdenum occurrence. Since acquiring the project in 2002, Eagle Plains and
partners have carried out prospecting, mapping, soil geochemical sampling, and
ground-based and airborne geophysics. Limited diamond drilling has been carried
out on the molybdenum occurrence.

The focus of the current program is to define the relationship of the Llewellyn
Fault to known mineralization and multi-element precious and base-metal soil
geochemical anomalies. Work by Eagle Plains in 2008 resulted in the discovery of
a new showing in the northwestern part of the property which returned 64 g/t Au
from a grab sample of strongly altered quartz material. Compilation work by
Eagle Plains indicates that that some of the precious-metal showings and soil
geochemical anomalies may lie along common controlling structures.

Under terms of an option agreement announced December 09, 2010, Drexel holds the
exclusive right to earn a 60% interest in the property by completing $3M in
exploration expenditures, making $500,000 in cash payments and issuing 1.0M
common shares to Eagle Plains over 4 years. Part of the property has an
underlying 1.5% NSR in favour of a third party, unrelated to either Eagle Plains
or Drexel, of which two thirds may be purchased for $1M.

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,
many with third parties including Minerals and Metals Group, 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), Olympic Resources Ltd. (TSX-V:
OLA.P), Touchdown Capital Inc. (TSX-V: TDW), Bluefire Mining 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

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