Eagle Royalties Ltd. has been notified by Eagle Plains Resources Ltd. that crews have been mobilized to EPL's 100% owned Mount Polley West Project located in central British Columbia. Eagle Royalties holds a 2% net smelter royalty ("NSR") on certain claims totalling 5246 ha at MPW. EPL may buy back 1% of the NSR upon payment to ER of $1 Million.

About Mount Polley West The MPW project is located 52km northeast of Williams Lake, British Columbia and targets copper and gold porphyry-style mineralization within the prolific Central Quesnel Belt. The project area is adjacent to a number of current, past-producing and development stage mines including: Imperial Metals' Mount Polley Cu-Au porphyry (8km east of MPW)- current producer Taseko Mines' Gibralter Cu-Mo porphyry (30km west of MPW)- current producer Osisko Development's QR Au porphyry/skarn (3.5km north of MPW)- past producer /milling facility Osisko Development's Cariboo Gold Project (51 km north of MPW)- development Due to the proximity to the Mount Polley Mine Complex and extensive forestry activity in the area, the project has excellent infrastructure including the paved Likely Road and a high voltage powerline 5 km south of the property boundary. There are also a number of active gold placer mining operations established on drainages in the MPW property area.

Eagle Royalties' management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the MPW property. Property Geology and History: The MPW property is underlain by Nicola Group sedimentary and volcanic rocks. The tenures cover ten BC Minfile occurrences consisting of copper bearing minerals hosted in basaltic and volcanic rocks.

In response to the discovery of the Mount Polley deposit in 1964, exploration work increased in the region as other copper porphyry deposits were sought out. In the mid-1960's, a host of companies conducted a series of geophysical surveys and soil sampling programs. After a period of relative quiescence, exploration work increased in intensity in the early 1980's. A number of operators completed soil sampling programs, rock sampling campaigns, and geophysical surveys into the 1990's. During this period, several copper occurrences were discovered on the MPW property. Exploration in the 2000's and 2010's has been comparatively more subdued with mainly smaller soil sampling and geological mapping programs. There has been limited shallow drill testing completed within the current MPW project area.

2024 Work Program: After acquiring the core MPW claims, Eagle Plains Resources completed comprehensive compilation work, geological mapping and soil and rock geochemical sampling on the property. 2022 work confirmed copper mineralization on the property, interpreted to be indicative of a deeper porphyry copper source. Bedrock exposure is limited with varying depths of glacial till cover, however 10 BC MINFILE occurrences have been documented on the property.

Interpretation of historical work and recent work by Eagle Plains has identified glacial till sampling as an effective tool in vectoring toward bedrock sources of mineralization. Analyses of gold grains present in widely spaced till samples collected by Eagle Plains in 2023 in the NW of the property indicate the potential for an up-ice mineralized source to the south. Tills down-ice from Mount Polley show similar gold grain counts and grain morphology.

2024 fieldwork will focus on increasing the density of till sampling in the central part of the property, up- ice from the anomalous 2023 till results and in the area of overlapping radiometric and magnetic geophysical anomalies which are consistent with the geophysical signature of Mount Polley. The 2024 work will be managed by TerraLogic Exploration of Cranbrook, BC. The results from the 2024 program will be integrated with historical data to aid in planning the next stage of work which may include deep-looking airborne MT geophysics, ground IP geophysical surveys and mechanical trenching to identify drill targets.