Eagle Plains Resources Ltd fka EPL

[btrain]

Feb 14, 2012 -News for 'EPL.V/EGPLF' - Eagle Plains Samples High-Grade Uranium, Increases Land Position
at Wollaston Project, Northern Saskatchewan


Cranbrook, British Columbia CANADA, Feb 14, 2012 (Filing Services Canada via
COMTEX) -- Eagle Plains Resources Ltd. (EPL - TSX Venture, EGPLF - OTC Pink)has
completed staking activity following receipt of high-grade assay results from
grab samples taken during 2011 fieldwork on its Wollaston Project, located
within the Athabasca region of north-central Saskatchewan.

The Wollaston claims are located along highway 905, an all-season road with
access to the nearby Rabbit Lake and Cigar Lake uranium mines. The 5000 ha,
road-accessible property was originally staked by Eagle Plains in early 2011,
based on prospective airborne radiometric anomalies and coincident lake-sediment
U and REE anomalies proximal to a published Saskatchewan Mineral Index showing.
The mineral claims are 100% owned by Eagle Plains Resources and have no
underlying royalties or encumbrances.

Reconnaissance fieldwork by Eagle Plains during summer and fall, 2011, revealed
anomalous radioactivity along a 460m strike length of Wollaston metasediments,
intruded by numerous sills and mineralized fractures. Ten grab samples were
collected along the 460m strike length, two of which returned very significant
mineralization: 7.05% and 1.40% U3O8, with up to 2.93% ThO2, 16700 ppm lead, and
1167 ppm TREE (total rare-earth elements).

The claim group region is comprised of Archean granite inliers, overlain by
metasedimentary rocks of the Wollaston Group, all of which have been intruded by
pegmatite dykes and stocks. This sequence of basement rocks is similar to those
that host the lower ore bodies of the Eagle Point Mine, and as such;
basement-hosted unconformity-style mineralization remains a viable target
deposit type.

Proposed work for 2012 includes detailed mapping and prospecting in the vicinity
of the new showings, plus along-strike surface geochemical and geophysical
surveys and regional prospecting of several prospective, untested airborne
geophysical anomalies.

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
$55M in exploration expenditures, $6M cash and 15M shares in partner companies.
Completed agreements have yielded over $5M in exploration spending, $900,000
cash to EPL and a total of 12M 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 were approximately
$9,100,000 which was funded by Eagle Plains and third party partners. This
exploration work resulted in approximately 9400m diamond drilling and extensive
ground-based exploration work facilitating the advancement of more than 15
projects at various stages of development. Planning is currently underway for a
very aggressive 2012 exploration season, with over 10 individual drilling
programs planned, most to be funded by third parties in relation to ongoing
option agreements.

On behalf of the Board of Directors

"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/eagle02142012.htm

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