Eastmain Resources Inc. (fka EANRF)

[gsfl]

Drill Results

A Zone - 5.78 g/t Au over 6.5 m
B Zone - 9.10 g/t Au over 3.0 m
C Zone - 5.71 g/t Au over 1.5 m

Eastmain Mines Inc., a wholly-owned subsidiary of Eastmain Resources Inc. (TSX:ER), announces drill results from a 28-hole program totaling 13,062 metres completed in 2011 on the Eastmain Mine property, located in the James Bay region, Québec. Our principal objective is to expand the Eastmain Mine Gold Deposit beyond its historical resources of 255,750 ounces of gold4). The high-grade, gold-rich A, B and C Zones, which comprise the current deposit, have been traced to a vertical depth of about 500 metres below surface (see website for 3D Leapfrog Deposit Model).

Drill hole EM11-52 intersected an intercept within the A Zone mine series, which assayed 5.78 grams per tonne (gpt) gold across 6.5 metres at a depth of 443.0 metres. The A Zone forms a shallow dipping plane with sub-vertical plunging shoots extending approximately 700 metres down-dip from surface. Holes EM11-47 through EM11-58 also intersected wide intervals of low-grade mineralization within A Zone mine series rocks. The A Zone is open at depth.

B Zone mine series rocks also form a shallow dipping package of sub-vertically plunging shoots extending about 700 metres down-dip from surface. Drill holes EM11-65 and 66 intersected the B Zone. Results include 9.10 gpt gold over 3.0 metres at a depth of 435.5 metres and 2.58 gpt gold over 5.50 metres at a depth of 451.0 metres respectively. Several trends evident within the B Zone package will be drill tested at depth in future programs.

Re-assaying of two B Zone intervals drilled in 2010 containing visible gold in holes EM10-28 and EM10-38 respectively, resulted in an increase in the average grade of both intervals, including 13.24 gpt gold across 9.5 metres and 16.6 gpt gold over 5.5 metres.

Holes EM11-68 to 74 were collared to test the lateral and vertical limits of the C Zone mine series. Though these holes intersected mine series rocks with low-grade mineralization, no significant grade thicknesses were returned from within the C-Zone package. However, drill holes EM11-69 and 74 intersected a new zone of gold mineralization in the hanging wall above the C Zone horizon, which includes 5.77 grams gpt over a half-metre interval at a depth of 230 metres and 5.71 gpt gold over 1.5 metres at a depth of 352.5 metres respectively.

The mine trend extends for several kilometres in both directions from the A,B,C Zones. Several high-priority drill targets have been identified along this 10-kilometre-long mine trend, to the northwest and the southeast of the current deposit. A $1M-exploration program budgeted for the Eastmain Mine Project in 2012 will include additional surface work to prioritize existing targets for drill testing and identify new prospective targets within the mine horizon, and a minimum of 3,000 metres of drilling.

The project facilities are currently being refurbished and upgraded as a result of third-party camp rentals by sub-contractors hired to construct Route 167 North. Permanent road access to the Eastmain Mine property, courtesy of Quebec's Plan Nord infrastructure development program, is anticipated by 2013.