CCM Research Issues Update Report on Eagle Plains Resources, Ltd.

(EMAILWIRE.COM, May 29, 2007 ) New York, NY -- CCM Research analyst, Mohammad Sharifzadeh, PhD, CFA, has written an update report on Eagle Plains Resources, Ltd. Eagle Plains Resources, Ltd. (TSX-V:EPL) is a Canadian based junior mineral exploration company with 39 properties in Western Canada. The company currently controls 39 gold, silver, uranium, copper, molybdenum, zinc, and rare earth minerals including gallium and industrial minerals, sodalite and nephaline syenite projects. Two of the company’s projects contain NI 43-101 compliant Inferred Resources. In the report the analyst states that “Eagle Plains has an ambitious and diversified exploration program and has two properties with significant inferred Resources.”The analyst continues to state that “We believe the results from the exploration activities conducted in 2007 will be the key catalyst for the company, as new information regarding the inferred/potential reserve levels at these properties becomes available.”Regarding liquidity the analyst notes that “With about 53.3 million shares of EPL outstanding the one-year average daily volume represents about 0.19% of the company’s outstanding shares and the recent 90 days average daily volume represents about 0.24% of the company’s outstanding shares. This increase in relative average daily volume of EPL on issue is a good indication of the growth in EPL’s market liquidity.” A free copy of the report can be found at www.ccmopportunitybase.com. CCM Research subscribes to the “Standards for Independent Research Providers” and the principles contained in the Analyst/Corporate Issuer Guidelines jointly promulgated by the CFA Institute and the National Investor Relations Institute, described at: http://www.cfainstitute.org and http://www.niri.org. CCM Research, is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Consulting division, entered into a one year $40,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies; such as share illiquidity and stagnant market presence.Cronus Capital Markets (CCM) is a global investment information firm who strategically produces and introduces, through various forms of analytics and worldwide distribution, information on equity market opportunities. CCM’s equity indexes receive international attention and represent important new benchmarks of growth.The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.Contact:Dianne RudderhamTel: 416-368-3700###This press release was issued through Groupweb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

Dianne Rudderham

rudderham@cronuscapitalmarkets.com