Eagle Plains Resources Ltd fka EPL

[btrain]

Mon. 12/19/2011-News for 'EPL.V/EGPLF' - Eagle Plains/ Partners Complete Major Airborne Geophysical Survey


Cranbrook, British Columbia CANADA, Dec 19, 2011 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink),and
various individual option partners have recently completed the largest
privately-funded airborne geophysical survey ever carried out in the Kootenay
region of British Columbia. A total of 4,280 line-km was flown over Eagle
Plains' various projects in the region, for an overall expenditure of over
$1,000,000.

Three separate survey types were flown, with the majority of funding provided by
third parties under various option agreements currently in place with Eagle
Plains, including VTEM (electromagnetic), ZTEM (electromagnetic) and an airborne
gravity system. Geotech Airborne Geophysical Surveys and Fugro Consultants were
contracted to carry out the surveys, which were completed during the fall of
2011. Additional geophysical work including processing, analytical and advanced
interpretive analysis will be provided by Condor Consulting of Lakewood,
Colorado.

A summary of the various projects and specific work applied to each is provided
below:





--------------------------------------------------------

Project Partner VTEM ZTEM Gravity

(line (line (line

kms) kms) kms)

--------------------------------------------------------

Iron Range Providence 282 160 1293

--------------------------------------------------------

Findlay MMG 509

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Boundary MMG 125 109

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K-9 Bluefire 355

--------------------------------------------------------

Hall Lake Bethpage 469

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Goatfell 101191710 Saskatchewan 133 242

--------------------------------------------------------

Vulcan Navy Resources 353

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Car 100% EPL 143 107

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Total: 1382 285 2613

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A map showing the location of each property and the layout of the geophysical
surveys is located on the Eagle Plains website at http://www.eagleplains.com

The airborne geophysical survey is ongoing, systematic exploration being carried
out by Eagle Plains and its partners within rocks of the Belt-Purcell Supergroup
for over a decade. The area is host to the world-class Sullivan Deposit, which
over its 100 year lifetime, 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 $45 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 these properties.

Increased activity in the area was precipitated by the discovery in late 2010 of
gold-rich base-metal mineralization on the Iron Range project by partners Eagle
Plains and Providence Resources Corp.

Highlights from drill hole IR10-010 include:

* 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.

Eagle Plains and its partners will continue to assess the geophysical data as it
is interpreted by the independent consultants. Data will be integrated with
other information acquired in the area to guide future exploration activity. The
various option agreements in the Kootenay region, if carried to fruition, expose
Eagle Plains to $20M in exploration expenditures, $1.7M in cash payments to EPL,
and 4M shares in third party companies.

About Eagle Plains Resources

Eagle Plains continues to conduct research, acquire and explore mineral projects
throughout western Canada. Since 1992, EPL has been acquiring and developing
early stage projects utilizing an in-house team of geologists, technicians and
specialists. Considered a prolific project generator with over 35 properties,
EPL invites joint venture participation to expedite development, reduce risk and
enhance exposure to discovery.

Current third party agreements if maintained to completion, expose EPL to over
$50M in exploration expenditures, $5.7M cash and 13M shares in partner
companies. Completed agreements have yielded over $17M in exploration spending,
$1M cash to EPL and a total of 16M shares of partner companies including Alexco
Resource Corp., NovaGold Resources Inc., Giyani Gold Corp., Aben Resources Ltd.
and others.

Expenditures during 2011 on Eagle Plains-related projects are expected to be
approximately $8,000,000, to be funded by Eagle Plains and third party partners.
This exploration work is expected to 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

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/eagleplains12192011.htm

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