Eagle Plains Resources Ltd. and Canter Resources Corp. have executed a formal agreement whereby Canter holds the exclusive right to earn a 60% interest in EPL's 100%-owned Puzzle Lake project by completing $3,000,000 in exploration expenditures, making $250,000 in cash payments and issuing 1,000,000 common shares to Eagle Plains over a four-year period. A 2% NSR is reserved for Eagle Plains, which may be reduced to 1% upon payment by Canter of $1M.

The claims cover an area of 3261ha located in northeastern Saskatchewan, 45km southeast of Stanley Mission. Access to the property is gained via winter road and/or float plane. Canter's proposed acquisition of the Puzzle Lake project is subject to its filing requirements with the Canadian Securities Exchange.

Canter has also decided not to proceed with its Schott Lake property and has given notice to EPL accordingly.