Investrend Communications, Inc.

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

May 30, 2006 08:30 ET

Eagle Plains Resources Rated 'Speculative Buy/4' By Investrend Research Analyst Shailesh Dhuri, MBA

NEW YORK CITY, NEW YORK--(CCNMatthews - May 30, 2006) - (Investrend Research Syndicate) Eagle Plains Resources (TSX VENTURE:EPL)(OTCBB:EGPLF) has been rated as "Speculative Buy / 4" by Investrend Research Analyst Shailesh Dhuri, MBA.

Option or joint venture partners include NovaGold Resources Inc. (AMEX: NG), Alexco Resource Corp. (TSX: AXR), Blind Creek Resources Ltd., Golden Cariboo Resources Inc. (TSX Venture: GCC) and Solomon Resources Ltd.

The analyst stated:

Eagle Plains Resources Ltd. is a development stage exploration company exploring for minerals in British Columbia, Yukon and the Northwest Territories. The company's focus is on identifying and securing early-stage exploration opportunities in gold, silver, uranium and base metals, and then attracting joint venture interest.

The company holds interests in over 35 gold, silver, copper, lead, zinc, uranium and molybdenum properties. Three of these are currently under joint venture or option - exposing Eagle Plains to over $8.5 million in mineral exploration over the next 4 years.

Eagle Plains recently announced a "plan of arrangement" to spin-off, on a one for one basis, its Copper Canyon property which holds an Inferred Resource of 1.16 billion pounds of copper, 37.9 million ounces of silver and 2.86 million ounces of gold.

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)

EPL has an ambitious and diversified exploration program and is debt free with over $8.5 million in cash and current investments.

To date, the company has reported no revenues as it is a development stage company. Net loss before investment income (loss) and future income taxes till 31 December 2005 amounted to Can$2,675,542, while net loss for the year stood at Can$1,776,058 compared to Can$501,277 posted in the previous year.

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