|
Eagle Plains Appoints New Director,
Grants Options to Employees, Directors
Cranbrook, B.C.: Eagle Plains Resources Ltd.
(EPL:TSX-V) is pleased to announce the appointment of Ronald
K. Netolitzky to the Board of Directors.
Mr. Netolitzky has been directly involved in the mineral
exploration industry in western Canada since 1964.
His passion for mineral exploration and aggressive business
acumen have resulted in exploration success on three
western Canadian gold projects (all of which became
producing mines) - the Snip and Eskay Creek deposits
in British Columbia and the Brewery Creek deposit
in
Yukon. He was honoured with the Bill Dennis Prospector
of the Year Award in 1990 by the Prospectors and Developers
Association of Canada.
Mr. Netolitzky holds a Bachelor of Science degree
from the University of Alberta and MSc degree from the
University
of Calgary, both in Geological Sciences. Ron is an
officer and director in a number of public mining companies,
and is currently involved in mineral exploration activity
in western Canada and Argentina. He was previously
Chairman
of Viceroy Resource Corporation and has served formerly
as its President. He is also the former Chair of both
Loki Gold Corporation and Baja Gold Inc. Mr. Netolitzky
continues as a Director of Quest Capital Corp. since
its merger through a plan of arrangement with Viceroy
Resource Corp. He is currently president of Keewatin
Consultants.
Concurrent with the Board appointment, Eagle Plains
has granted incentive stock options to employees and
directors of the company for the purchase of a total
of 235,000 shares at the exercise price of $.50 per
share, expiring February 9th, 2009, representing a
discount to market within allowable parameters established
by
TSX-V authorities.
Eagle Plains Resources continues to conduct research,
acquisition and exploration projects in western Canada.
Through a network of prospectors, consultants and
experienced contractors in addition to seasoned employees
and a
well-rounded Board of Directors, the Company has assembled
a diverse portfolio of gold and base-metal properties.
EPL seeks to attract joint-venture participation on
its properties, thereby leveraging exploration spending
to the ultimate benefit of the Company’s shareholders.
In recent years, Eagle Plains has completed option agreements
with Billiton, Rio Algom, Kennecott, Novagold Resources/SpectrumGold
Resources, Viceroy Resource Corp. and numerous other
junior exploration companies, resulting in nearly 13,000m
(43,000’) of drilling and over $5,000,000 in exploration
spending on its properties since 1998.
On Behalf of the Board of Directors
Tim J. Termuende, P.Geo.
President and CEO
| 
