Eagle Plains/Blind Creek Commence Drilling Program at Blende Silver/Base-Metal Deposit, Yukon Territory

CRANBROOK, BC, Jul 31 (MARKET WIRE) --
Eagle Plains Resources Ltd. (TSX-V: EPL) and option partner Blind Creek
Resources Ltd. (a private B.C. company) jointly announce that they have
mobilized crews and equipment to commence a diamond drilling program on
the Blende property, located in central Yukon approximately 65km NE of
Keno. A total of 1,200m of drilling is planned for the project during
2008. The budget for the 2008 program has been set at $700,000 and
includes metallurgical testing of mineralized material.

Blind Creek may earn a 60% interest in the 73-unit (3700 acre) property,
which is owned 100% by EPL (subject to a 1% NSR). To earn its 60%
interest, Blind Creek has agreed to complete a total of $5,000,000 in
exploration expenditures, pay EPL $250,000 cash and issue 1,000,000
common shares by December 31st, 2010.

The Blende is a carbonate-hosted deposit on the south edge of the
Mackenzie Platform, hosted by Middle Proterozoic Gillespie Group
dolomite. A N.I. 43-101 compliant report was completed on the property in
2004 by B. Price, P.Geo. In his technical report, Price used calculations
prepared in 1991 by Billiton Metals Canada Ltd., which identified an
inferred resource estimate for the property comprising a total of
19,600,000 tonnes (21,500,000 tons) grading 56.0 g/T silver, 3.04% Zn and
2.80% Pb at a cut-off based on an in-situ gross metal value ("GMV") of
$25 (based on 1990 metal prices and exchange rates)*. Within this
resource is 15,300,000 tonnes grading 67.5 g/T silver, 3.04% Zn and 3.23%
Pb (note: this inferred resource does not consider metallurgical
recoveries).

Table 1-Inferred Resource Summary**

---------------------------------------------------------------------
Inferred Resource Contained Silver Contained Zinc Contained Lead
---------------------------------------------------------------------
19,600,000tonnes 38,700,000oz 1,300,000,000lbs 1,200,000,000lbs
---------------------------------------------------------------------

*These resource estimates were prepared by Billiton Canada
Explorations In., a large integrated international exploration company
prior to the introduction of National Instrument 43-101. Nevertheless, in
(Price's) opinion, the estimates are relevant and reliable.

**These figures represent in-situ resources and do not account for mining
or metallurgical recoveries.

Although initially explored as an open pit target, Eagle Plains and Blind
Creek management believe that there is excellent potential to outline
additional resources, and possibly develop the deposit as an underground
operation, which would allow mining of a smaller tonnage with higher
grade. By adjusting the cutoff grade of the blocks calculated previously,
the current inferred resource could be reduced in tonnage, but increased
in grade to 4.1 million tonnes grading 105 g/T (3.1 oz/t) silver, 6.7%
lead, and 4.6% zinc. At the completion of work in 2007, the deposit was
found to be open along strike to the west, and down-dip.

Numerous high-grade intersections have been reported by past operators,
including hole 88-02 which assayed 282 g/t (8.22 oz/t) silver, 12.2% lead,
and 4.4% zinc over 19.8m from a depth of 70.7 to 90.5m. Hole 88-03
returned 8.5m grading 550.1 g/t (16.04 oz/t) silver, 15.3% lead and 4.6 %
zinc from 118.0 to 126.5m, and hole 90-15 intersected 9.5m grading 351.2
g/t (10.24 oz/t) silver, 14.11% lead, and 6.59% zinc from 60.1 to 69.6m.
Step-out drilling in 1994 confirmed the continuation of ore-grade
mineralization westward, with the addition of significant copper values.
Hole 94-81 contained 14.9 m of mineralization which assayed 228.4 g/t
(6.66 oz/t) silver, 9.71% lead, 5.48% zinc, and 0.78% copper from 9.2m to
24.1m, while hole 94-84 intersected 8.5m which returned 136.1 g/t (3.97
oz/t) silver, 6.74% lead, 3.65% zinc and 2.43% copper from 45.5-54.0m.
Drillhole BE07116, drilled in 2007, returned 8.5% lead/zinc , 67.1 g/t Ag
over 8.0m from 8.9m to 16.9m. (including 22.8% lead/zinc and 193.0 g/T
silver over 1.0m from 10.9m to 11.9m)

The 2008 program is carried out under the supervision of C.C. Downie,
P.Geo., hereby identified as the "Qualified Person" under N.I. 43-101.
Drilling services have been contracted to Apex Diamond Drilling Ltd. of
Smithers, B.C., a company related to Eagle Plains.

Update on Diamond-Drilling at Iron Range Project (iron, copper-gold)

Phase 1 diamond drilling has been completed on EPL's 100% owned Iron Range
project located 10km north-east of Creston, B.C. A total of 20 holes were
drilled during July with a total footage of 1,670m (5,500'). Significant
iron mineralization was encountered in all sections, which were spaced
over 3km of strike length. Analytical results will be released as assays
results are received, compiled and interpreted.

Update on Additional Eagle Plains Properties

Crews are continuing work on the Mackenzie Valley Zinc Project (part of a
Strategic Alliance with Teck Cominco Ltd.) located west of Norman Wells,
NWT. An average of 20 people have been carrying out systematic exploration
of the Mackenzie Mountains since mid-June. Fieldwork consisting of ground
geophysical surveys, soil and stream geochemical sampling and geological
mapping is expected to continue until late August. A $2.5M budget has been
allocated for this project.

First-Phase 2008 fieldwork has been completed on EPL's Saskatchewan
uranium projects, two of which are under option to Blue Sky Uranium Corp
(TSX-V: BSK) (Eagle Lake and Karin Lake). Prospecting, mapping and
systematic lake-sediment sampling was completed on these properties and
on EPL's 100% owned Kulyk Lake and Jenny Lake Projects over a three-week
period.

Crews have recently been mobilized to the Titan (copper-gold-molybdenum)
Property located 50km west of Atlin, B.C. A $400,000 budget has been
approved by option partner XO Gold Corp (a private B.C. company) to carry
out surface exploration work on Titan and an adjoining property and will
include an airborne geophysical survey, geological mapping, prospecting
and soil geochemical surveys.

Fieldwork is underway on EPL's 100% owned Kalum Property located 30km
north of Terrace, B.C., funded and operated by option partner Mountain
Capital Corp (TSX-V: MCI). Drilling activity is planned for the property
later in the 2008 season.

Detailed geological mapping has been completed on EPL's 100% owned Bohan
(silver-lead-zinc) property located 10km north of Creston, B.C. Drilling
activity is planned for the property later in the 2008 season.

Preliminary geochemical surveys have been initiated on EPLs 100% owned
Elsiar Property located 30km north of Terrace, B.C., funded by option
partner Sandstorm Resources Ltd. (TSX-V: SSL). Crews commenced sampling
activity in early July, but were restricted to lower elevations due to an
unseasonably slow snow melt this year. Work will resume on the property
later in the 2008 season.

About Eagle Plains

Eagle Plains Resources continues to conduct research, acquire and explore
metal projects in western Canada. The Company controls over 35 gold,
base-metal and uranium projects, many with third parties including Teck
Cominco Limited (TSX: TCK.B), Alexco Resource Corp. (TSX-V: AXR),
Sandstorm Resources Ltd. (TSX-V: SSL), Mountain Capital Inc (TSX-V:
MCI.P), Blue Sky Uranium Corp. (TSX-V: BSK) and XO Gold Resources Ltd.
These agreements expose Eagle Plains to over $22.0 million in exploration
expenditures over a five year period. In recent years, Eagle Plains has
completed option agreements with Billiton Metals, Rio Algom Exploration,
NovaGold Resources, Kennecott Exploration and numerous other junior
exploration companies, resulting in over 47,000m (154,200') of drilling
and over $21,000,000 in exploration spending on its projects since 1998.
Eagle Plains management anticipates approximately $6,000,000 in
expenditures on its projects in 2008, funded equally between Eagle Plains
and third party partners.

This news release has been reviewed and approved by Tim J. Termuende,
P.Geo., hereby designated as a "Qualified Person" under National
Instrument
43-101.

On behalf of the Board of Directors

Signed

"Tim J. Termuende"
President and CEO

The TSX Venture Exchange has not reviewed and does not accept
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.

Distributed by Filing Services Canada and retransmitted by Marketwire

For further information, please contact:

Mike Labach
1-866-HUNT-ORE (486-8673)
Email: Email Contact
http://www.eagleplains.com

Copyright 2008, Market Wire, All rights reserved.

-0-