Eastmain Resources Inc. (fka EANRF)

[Edge83]

Toronto, Ontario, February 7, 2017 - Eastmain Resources Inc. (“Eastmain” or the “Company”- TSX:ER) is pleased to announce new assay results from its ongoing 63,300 m drill program at the Clearwater Project, located in James Bay, Quebec (see FIGURES 1-6). The Company’s 100%-owned Clearwater Project hosts the Eau Claire gold deposit, as well as the Snake Lake Target located 1.3 km to the east of Eau Claire.

Claude Lemasson, Eastmain’s President & CEO commented, “With a focus on infill drilling ahead of our planned Preliminary Economic Assessment later this year, today’s results continue to demonstrate elevated gold grades and vein continuity within the shallow underground portion of the Eau Claire deposit. With results from ~1/3 of our drill program already reported and over half of our drilling completed, we’ve accumulated significant near-surface and shallow underground data which will reinforce our mineral resource update expected around mid-year.”

Highlights from Eau Claire intercepts include:

ER16-662 - 17.0 g/t Au over 7.1 m, incl. 54.6 g/t Au over 0.7 m, at a vertical depth of 302 m
ER16-621 - 20.2 g/t Au over 1.5 m, incl. 49.1 g/t Au over 0.5 m, at a vertical depth of 235 m
ER16-645 - 14.6 g/t Au over 1.7 m, incl. 12.4 g/t Au over 1.0 m, at a vertical depth of 270 m
ER16-632 - 5.79 g/t Au over 4.1 m, incl. 11.9 g/t Au over 1.6 m, at a vertical depth of 256 m

At Eau Claire, assay results from 26 infill and step-out drill holes (8,306 m) continue to establish continuity while testing the limits of an open pit and shallow underground mining concept. Since commencing our current drill program in August, a total of 59 exploration and infill drill holes (19,542 m) have been reported. Over half (34,756 m) of our planned drill program (63,300 m) is now complete with assays pending on eleven holes. Drilling continues with 5 rigs on site and completion of the drill program expected in early Q2/2017.

In addition, one drill hole (262 m) in the Snake Lake Deformation Corridor intersected both Eau Claire-style shear-hosted quartz-tourmaline gold mineralization and sulphide-rich volcaniclastic hosted gold mineralization.

The focus of the 2016/early 2017 drill program, consisting mainly of infill drilling, is to generate additional data to:

expand our understanding of the mineralizing controls at Eau Claire
confirm our current geological interpretation and test the limits of mineralized envelope
improve drill spacing (to approximately 25 m) to show continuity between veins and increase overall confidence in the deposit
To date, the program has been successful in defining grades and establishing continuity characteristic of Eau Claire’s current resource model. This enhanced understanding is expected to play a key role in supporting a Preliminary Economic Assessment (“PEA”) expected around year-end.

In addition to infill, a smaller portion of the current program is focused on extending the main Eau Claire deposit laterally to the east. Recent step-out drilling conducted 100 m east of the Eau Claire deposit encountered mineralization in drill hole ER16-660, 4.60 g/t Au over 0.7 m, and remains open to the east. Beyond the main Eau Claire deposit, satellite targets such as Snake Lake and Clovis Lake have returned encouraging results from previous exploration which warrant further exploration. Located 1.3 km east of Eau Claire, Snake Lake 2016 drilling has returned gold mineralization in 13 of 17 drill holes reported to date over an 800 m strike length within a 250 m corridor (FIGURE 1).

A summary of selected high grade assay results from Eau Claire are presented in Table 1 below and a larger summary of significant results is available by following the link to TABLE 2. Drilling results for the Snake Lake Target and other drilling data are presented in Tables 3 and 4, below.

TABLE 1: Highlights from Eau Claire Drilling Results
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http://www.eastmain.com/investors/news/index.php?&content_id=108