Eagle Plains Resources Announces Board Appointment
Cranbrook, B.C., April 19, 2012: The management of Eagle Plains Resources (TSX-V:EPL) is pleased to announce the appointment of Ryan Kalt as a new member of the board of directors.
Ryan Kalt (B.Comm., Queen’s University, LL.B., University of Western Ontario, M.B.A. University of Western Ontario, LL.M. (Natural Resources, Energy and Environmental Law), University of Calgary) is a well-regarded entrepreneur with fourteen years of company management experience. He has received numerous business achievement awards from organizations such as the Business Development Bank of Canada, the Ontario Chamber of Commerce and Export Canada. Mr. Kalt is the founder and Chief Executive Officer of Gold Royalties Corporation, a Calgary-based mining royalty company which holds net smelter return royalties in Canada. In addition, Mr. Kalt is a lawyer and member of the Law Society of Alberta. The board appointment is subject to approval by the TSX Venture Exchange.
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
Signed
“Tim J. Termuende”
President and CEO
For further information on EPL, please contact Mike Labach at
1 866 HUNT ORE (486 8673)
Email: mgl@eagleplains.com 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.
|
