InvesTrend Research Syndicate

Eagle Plains Resources
TSX VENTURE : EPL
OTC Bulletin Board : EGPLF

May 30, 2006 13:54 ET

Eagle Plains Resources Clarifications By Investrend Research

NEW YORK, NEW YORK--(CCNMatthews - May 30, 2006) - (Investrend Research Syndicate) Eagle Plains Resources (TSX VENTURE:EPL)(OTCBB:EGPLF), in a press release issued earlier today, was rated as "Speculative Buy / 4" by Investrend Research Analyst Shailesh Dhuri, MBA.

The following are clarifications issued by Investrend Research:

Market Regulation states that in-ground metals valuation is not allowed in a press release, and while it was stated that the company was the source of that data, it should not be considered by any investor, and the statement: "Collectively Eagle Plains' Copper Canyon, Sphinx, Blende and Abo properties have a metals in-ground value of approximately $10.945 billion at May 11, 2006 metal prices. (Source: Eagle Plains)" is hereby fully retracted from the release.

Secondly, according to TSX Venture Market Regulation, "recommendations" are considered "promotional."

Investrend wishes to clarify that it is the sole source of the press release, and independently covers Eagle Plains applying the global "Standards of Best Practices for Research Providers" at http://www.firstresearchconsortium.com. It is a violation of those "Standards" to issue "recommendations" and in the press release issued by Investrend it specifically states that investors are not to trade on any press release or rating without reading the report at http://www.investrendresearch.com

It is also a violation of the international "Standards" to provide any promotion for any company, and Investrend clarifies that it does not provide "promotion" in accordance with its published "Standards."

A full definition of Investrend's ratings is directly clickable from the website above, and is at: http://www.investrend.com/Admin/Topics/Articles/Resources/268_1124386271.doc

It states:

"Recommendation" is an established financial markets term meaning "rating." It is not a solicitation, suggestion or "recommendation" to buy, sell or hold any specific stock. For a fuller discussion of "recommendations" and "ratings" as employed by financial analysts, refer to the definitions provided by the National Association of Security Dealers, Inc., located on the web at www.nasd.com/web/idcplg?IdcService=SS_GET_PAGE&nodeId=580 As a matter of policy, Investrend Research analysts issue "ratings" and not "recommendations."

Investrend's policy on "non-recommendations" and non-promotional procedures and policies are further uniquely delineated on the SEC website at http://www.sec.gov/rules/other/265-23/gessary111805.pdf

Any inference that a recommendation has been issued is therefore inaccurate. No recommendation is included in the press release or the report, and should not be considered as such by any investor.

Shailesh Dhuri, MBA, is the analyst on the report. Investrend Research facilitates and distributes reports. Analysts are paid in advance and their reports are issued for the benefit of the investing public and not for the benefit of any company or other entity. Dhuri is solely responsible for the content of the report.

The U.S. Securities and Exchange Commission Advisory Committee on Smaller Public Companies has issued a final report fully endorsing "paid-for" or "sponsored" research as long as the provider has a disclosed set of standards and provides full transparency. That report, located at http://www.sec.gov/info/smallbus/acspc.shtml, is directly accessible at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport.pdf

Investrend Research's pioneering program facilitates independent analysts to provide coverage on companies that otherwise would have little or no analyst following. Investrend subscribes to the "Standards of Practice for Research Providers" at http://www.firstresearchconsortium.com. Enrollment fees for standard Benchmark coverage are $24,800 per annum, and the fees were paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor employees of Investrend Research may own or trade stocks of companies under coverage. Investrend has issued over 1,000 reports since 1996.

Contact Information