Eagle Plains Resources Ltd fka EPL

[btrain]

Tuesday, Sept. 27, 2011 - News for 'EPL.V/EGPLF' - 49 North Resources Inc. Announces Option Agreement with Eagle
Plains Resources Ltd.


SASKATOON, SK, Sep. 27, 2011, 2011 (Canada NewsWire via COMTEX) -- TSX Venture
Exchange symbol FNR

49 North Resources Inc. ("49 North") (TSX-V:FNR) is pleased to announce it has
entered into an option agreement (the "Option Agreement") with Eagle Plains
Resources Ltd. ("Eagle Plains") (TSX-V:EPL). The Option Agreement was entered
using a subsidiary company of 49 North, 101191710 Saskatchewan Ltd.
("101191710"), and provides 101191710 the option to acquire a 60% interest in
the Goatfell Property located 30km east of Creston, British Columbia. Please
refer to the Eagle Plains press release of September 26, 2011 for further
information about the Goatfell Property.

Under terms of the Option Agreement, 101191710 will complete exploration
expenditures of $3,000,000, make cash payments of $250,000 and issue 1,000,000
common shares to Eagle Plains over a four year period. The Goatfell Property has
no underlying royalties or encumbrances.

49 North is a Saskatchewan focused resource investment company with strategic
operations in financial, managerial and geological advisory services and
merchant banking. Our diversified portfolio of assets includes direct project
involvement in the resource sector, as well as investments in shares and other
securities of junior and intermediate mineral and oil and gas exploration
companies. Additional information about 49 North is available at www.sedar.com.

Forward Looking Information: This release contains forward-looking information
within the meaning of applicable Canadian securities legislation. In particular
but without limitation, this press release includes references to 49 North
acquiring a property interest in the Goatfell Property through 101191710. There
is no certainty that any interest will be earned. Forward-looking information
involves known and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those expressed or implied by
such forward-looking information. In addition, the forward-looking information
contained in this release is based upon what management believes to be
reasonable assumptions. Readers are cautioned not to place undue reliance on
forward-looking information as it is inherently uncertain and no assurance can
be given that the expectations reflected in such information will prove to be
correct. The forward-looking information in this release is made as of the date
hereof and, except as required under applicable securities legislation, 49 North
assumes no obligation to update or revise such information to reflect new events
or circumstances.

Neither 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.

To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/September2011/27/c7128.html

SOURCE: 49 North Resources Inc.



CONTACT: 49 North Resources Inc. Tom MacNeill President and Chief Executive
Officer

306-653-2692 [e-mail].