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Eastmain Resources Drilling at Clearwater Continues to Confirm and Extend Mineralization

TORONTO, ONTARIO -- (Marketwired) -- 12/01/16 -- Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX: ER) is pleased to announce additional assay results from its ongoing, 63,300 m drill program at the Clearwater Project, which includes the Eau Claire deposit, in James Bay, Quebec (see FIGURES 1-4).

These results are from 23 holes (6,225 m) of drilling for a total of 32 holes (9,228) m to date. A summary of significant assay results and drilling data are presented in Tables 1, 2 and 3 below.

Highlights include:


--  Eau Claire infill drilling highlights:
    --  43.1 g/t Au over 2.0 m - ER16-606
                    including 96.8 g/t Au over 1.0 m
    --  15.8 g/t Au over 3.5 m - ER16-617
                    including 66.6 g/t Au over 0.7 m
    --  35.3 g/t Au over 0.7 m - ER16-602
--  Snake Lake drilling continues to intersect mineralization across the
    targeted area; multiple intercepts for hole ER16-599 are at an average
    vertical depth of 57 m

Claude Lemasson, Eastmain President and CEO commented, "Our ongoing drill programs continue to showcase encouraging results on a number of fronts. Firstly, our infill results continue to reinforce our existing mineral resource through tighter drill spacing which assists in modelling our mineralized structures. Meanwhile, step-out drilling to the east continues to return positive results indicating potential for future mineral resource growth. Lastly, our Snake Lake results demonstrate more near surface mineralization within 2 km of Eau Claire, and support our thesis for potential satellite deposits."

DRILLING RESULTS - EAU CLAIRE

Eastmain is reporting on the second set of drilling results which includes 15 infill drill holes (4,353 m). To date, a total of 23 holes (7,125 m) of drilling have been reported with assays pending on an additional 23 holes (7,950 m), within the planned 55,700 m (180 hole) Eau Claire drill program. See press release dated October 24, 2016 for initial results.

Drilling at Eau Claire continues to infill the current resource area while testing new targets beyond the known resource envelope. Infill drilling has focused on tightening nominal drill spacing to approximately 25 m within the resource area. This tighter drill spacing provides key information for future consideration of underground exploration and development. This increased information will also provide a foundation for the upcoming Preliminary Economic Assessment scheduled for completion in late 2017, on the back of an updated resource estimate in 2Q 2017.

A fourth drill is expected at Eau Claire by the end of the year, in order to accelerate the overall exploration program.

DRILLING RESULTS - SNAKE LAKE

Eastmain is reporting on the second set of drilling results which includes 8 exploration drill holes (1,872 m). A total of 9 holes (2,103 m) are now complete with assays pending on the final 11 drill holes (2,400 m) at the Snake Lake Target.

The Snake Lake Target is located 1.8 km east from the Eau Claire Deposit, along the Clearwater Deformation Zone. Drilling continues to return encouraging near-surface gold results, with similar quartz-tourmaline related gold mineralization to the Eau Claire deposit. Additionally, gold mineralization in altered basalt flows and interlayered tuffs with sulphide mineralization of up to 15% has been intersected in several holes. All drilling to date encountered mineralization within 169 m from surface, with the vast majority being in the first 100 m.

GOLD MINERALIZATION - EAU CLAIRE

Gold mineralization at the Eau Claire gold deposit is generally located within structurally-controlled, high-grade en-echelon quartz-tourmaline veins and adjacent altered rocks. The vein system is predominantly hosted within a thick sequence of massive and pillowed mafic volcanic flows, interbedded with narrow intervals of volcaniclastic sedimentary rocks. Both flows and sediments have been intruded by multiple phases of felsic and porphyry dykes. Host rocks have been folded and deformed (sheared) through several deformation events. The gold bearing veins may occur as thin fracture fill with tourmaline and develop along an easterly strike and a southerly dip (450W zone) into thick quartz-tourmaline veins with zoned tourmaline+/-actinolite+/-biotite+/-carbonate alteration halos which can measure up to several metres in thickness.

GOLD MINERALIZATION - SNAKE LAKE

Gold mineralization at the Snake Lake occurrence is similar to the Eau Claire deposit. Quartz tourmaline veins are hosted within a thick sequence of basalt flows, tuffs and interbedded metasedimentary rocks which have been intruded by felsic dykes. As at Eau Claire, the entire sequence has been heavily deformed and sheared resulting in development of a deformation zone with strong and extensive foliation and local shearing. Significant zones of sulphide mineralization (pyrite, pyrrhotite, +/- arsenopyrite +/- chalcopyrite) are also reporting gold mineralization within the deformation zone.

Table 1: Eau Claire: Summary of Drilling Results


----------------------------------------------------------------------------

             Drill                                Gold Vertical  Interpreted
TYPE         Hole      From       To Interval    Assay Depth(3)         Zone
----------------------------------------------------------------------------
                          m        m     m(1)g/t Au(2)        m
----------------------------------------------------------------------------
Infill    ER16-591    227.7    229.2      1.5     1.14      193        450 W
                  ----------------------------------------------------------
                      232.0    234.1      2.1     2.83      197        450 W
                  ----------------------------------------------------------
                      incl.
                      233.1    234.1      1.0     4.97                 450 W
----------------------------------------------------------------------------
Infill    ER16-593    242.1    246.5      4.4     2.03      200        450 W
                  ----------------------------------------------------------
                      incl.
                      245.5    246.5      1.0     4.08                 450 W
                  ----------------------------------------------------------
                      269.5    270.0      0.5     15.2      220        450 W
                  ----------------------------------------------------------
                      271.5    276.0      4.5     0.96      228        450 W
                  ----------------------------------------------------------
                  incl.275.
                          0    275.5      0.5     3.78                 450 W
                  ----------------------------------------------------------
                      305.0    306.0      1.0     4.50      246        450 W
----------------------------------------------------------------------------
Infill    ER16-595    203.0    204.5      1.5     0.64      154        450 W
                  ----------------------------------------------------------
                      208.5    209.0      0.5     13.6      158        450 W
                  ----------------------------------------------------------
                      269.6    270.6      1.0     3.24      202        450 W
                  ----------------------------------------------------------
                      303.5    304.2      0.7     3.06      225        450 W
----------------------------------------------------------------------------
Infill    ER16-598     13.6     14.1      0.5     4.15        9        450 W
                  ----------------------------------------------------------
                      196.3    198.0      1.7     1.17      137        450 W
----------------------------------------------------------------------------
Infill    ER16-601     42.4     44.5      2.1     0.91       36        450 W
----------------------------------------------------------------------------
Infill    ER16-602    110.8    113.8      3.0     1.09       92        450 W
                  ----------------------------------------------------------
                      221.5    222.2      0.7     35.3      182        450 W
                  ----------------------------------------------------------
                      270.0    271.9      1.9     2.95      221        450 W
                  ----------------------------------------------------------
                      incl.
                      270.0    270.5      0.5     7.22                 450 W
----------------------------------------------------------------------------
Infill    ER16-605    209.5    210.0      0.5     2.14      159        450 W
----------------------------------------------------------------------------
Infill    ER16-606    156.6    158.6      2.0     2.90      135        450 W
                  ----------------------------------------------------------
                      166.6    167.1      0.5     1.29      143        450 W
                  ----------------------------------------------------------
                      219.6    221.9      2.3     43.1      188        450 W
                  ----------------------------------------------------------
                      incl.
                      220.2    221.2      1.0     96.8
                  ----------------------------------------------------------
                      224.0    225.0      1.0     3.56      192        450 W
                  ----------------------------------------------------------
                      248.0    248.7      0.7     2.34      211        450 W
                  ----------------------------------------------------------
                      273.2    273.7      0.5     1.57      233        450 W
                  ----------------------------------------------------------
                      275.6    276.2      0.6     1.41      235        450 W
----------------------------------------------------------------------------
Infill    ER16-608    190.6    193.6      3.0     6.36      164        450 W
                  ----------------------------------------------------------
                      incl.
                      192.1    192.6      1.0     26.4                 450 W
                  ----------------------------------------------------------
                      197.1    197.6      0.5     2.04      168        450 W
----------------------------------------------------------------------------
Infill    ER16-609    184.0    185.0      1.0     1.50      142        450 W
----------------------------------------------------------------------------
Infill    ER16-610     51.3     51.8      0.5     7.11       48        450 W
                  ----------------------------------------------------------
                       61.3     61.8      0.5     4.10       57        450 W
                  ----------------------------------------------------------
                      142.0    144.0      2.0     1.05      132        450 W
                  ----------------------------------------------------------
                      149.0    150.0      1.0     1.37      138        450 W
                  ----------------------------------------------------------
                      187.0    187.5      0.5     4.65      172        450 W
----------------------------------------------------------------------------
Infill    ER16-613    203.5    205.1      1.6     2.03      183        450 W
                  ----------------------------------------------------------
                      216.0    216.5      0.5     1.13      194        450 W
                  ----------------------------------------------------------
                      240.4    245.0      4.6     4.02      218        450 W
                  ----------------------------------------------------------
                      incl.
                      240.4    241.4      1.0     7.93                 450 W
----------------------------------------------------------------------------
Infill    ER16-614    144.0    146.6      2.6     2.78      115        450 W
                  ----------------------------------------------------------
                      incl.
                      144.5    145.5      1.0     4.13                 450 W
----------------------------------------------------------------------------
Infill    ER16-616    103.5    104.2      0.7     3.21       75        450 W
                  ----------------------------------------------------------
                      128.3    130.0      1.7     2.15       92        450 W
----------------------------------------------------------------------------
Infill    ER16-617     78.3     78.8      0.5     1.18       66        450 W
                  ----------------------------------------------------------
                      111.9    117.5      5.5     1.12       97        450 W
                  ----------------------------------------------------------
                      152.0    152.5      0.5     2.84      128        450 W
                  ----------------------------------------------------------
                      202.1    205.6      3.5     15.8      171        450 W
                  ----------------------------------------------------------
                      incl.
                      204.8    205.6      0.8     66.6                 450 W
                  ----------------------------------------------------------
                      211.2    211.7      0.5     8.90      178        450 W
                  ----------------------------------------------------------
                      223.2    224.2      1.0     8.50      189        450 W
                  ----------------------------------------------------------
                      260.8    261.8      1.0     2.70      220        450 W
----------------------------------------------------------------------------

Table 2: Snake Lake: Summary of Drilling Results


----------------------------------------------------------------------------
  Drill                                  Gold Vertical
   Hole       From       To Interval    Assay Depth(3)      Interpreted Zone
----------------------------------------------------------------------------
                 m        m     m(1)g/t Au(2)        m
----------------------------------------------------------------------------
                                                          biotite, carbonate
                                                         altered schist with
ER16-594                                                   quartz-tourmaline
             126.3    128.0      1.7     1.34       95               veining
----------------------------------------------------------------------------
                                                           foliated, altered
ER16-596      57.0     58.5      1.5     1.14       39    basalt 5% sulphide
         -------------------------------------------------------------------
                                                           foliated, altered
              67.0     68.0      1.0     2.95       46   basalt tr. sulphide
         -------------------------------------------------------------------
                                                          biotite, carbonate
                                                           altered basalt 5%
              80.6     81.6      1.0     6.38       55              sulphide
----------------------------------------------------------------------------
                                                        altered basalt 1-10%
ER16-599       8.8      9.8      1.0     1.33        7              sulphide
         -------------------------------------------------------------------
                                                             quartz feldspar
                                                       porphyry dyke in tuff
              29.0     33.0      4.0     1.45       21        2-15% sulphide
         ---------------------------------------------
             incl.
              29.0     30.0      1.0     3.74
         -------------------------------------------------------------------
                                                        sulphide mineralized
              41.3     41.8      0.5     5.14       29                  tuff
         -------------------------------------------------------------------
                                                        sulphide mineralized
              46.8     48.8      2.0     1.01       33                  tuff
         -------------------------------------------------------------------
                                                                 mineralized
                                                        basalt/tuff contact,
              66.9     67.9      1.0     4.02       47          10% sulphide
         -------------------------------------------------------------------
                                                      quartz/tourmaline vein
             163.5    166.0      2.5     2.45      113           5% sulphide
         ---------------------------------------------
             incl.
             163.5    164.5      1.0     4.29
----------------------------------------------------------------------------
ER16-600      42.4     44.0      1.6     1.62       31   shear zone, 10% py.
----------------------------------------------------------------------------
                                                      quartz/tourmaline vein
ER16-607      85.5     86.5      1.0     2.30       61           5% sulphide
         -------------------------------------------------------------------
                                                         biotite/actinolite/
                                                          tourmaline altered
             142.0    143.0      1.0     1.80      100                basalt
----------------------------------------------------------------------------
ER16-611                                  NSV
----------------------------------------------------------------------------
                                                         biotite, tourmaline
ER16-615                                                 altered schist, 15%
              28.4     29.0      0.6     8.16       20              sulphide
         -------------------------------------------------------------------
                                                         Altered basalt with
             247.8    249.8      2.0     1.13      169        quartz-epidote
----------------------------------------------------------------------------
ER16-622                                  NSV
----------------------------------------------------------------------------
1.   Intervals are presented in core length; true width will vary depending
     on the intersection angle of the hole with the targeted zone. Holes are
     generally planned to intersect vein structures as close perpendicular
     as possible and true widths are estimated to be 75%-85% of downhole
     widths.
2.   For known mineralized zones, intervals are based on geological
     observations and limited compositing of veins. Assays presented are not
     capped. Intercepts occur within geological confines of major zones but
     have not been correlated to individual vein domains at this time.
3.   Vertical depth is measured from the surface to the mid-point of the
     reported interval.

Table 3: Hole Location Information


----------------------------------------------------------------------------
             Drill                     UTM Coordinates       Total
Target        Hole  Azimuth Inclin.                         Length Elevation
                                   ----------------------
                                           Zone 18
----------------------------------------------------------------------------
            Number     Deg.    Deg.    Easting   Northing      (m)
----------------------------------------------------------------------------
Eau
Claire    ER16-591      355     -58     444891    5785064      297       305
----------------------------------------------------------------------------
Eau
Claire    ER16-593      355     -56     444695    5784994      357       286
----------------------------------------------------------------------------
Eau
Claire    ER16-595      355     -50     444913    5785043      324       301
----------------------------------------------------------------------------
Eau
Claire    ER16-598      355     -45     444990    5785045      282       291
----------------------------------------------------------------------------
Eau
Claire    ER16-601      355     -56     444966    5785069      393       295
----------------------------------------------------------------------------
Eau
Claire    ER16-602      355     -55     444717    5785027      297       291
----------------------------------------------------------------------------
Eau
Claire    ER16-605      355     -50     444938    5785122      249       304
----------------------------------------------------------------------------
Eau
Claire    ER16-606      355     -60     444820    5785008      351       291
----------------------------------------------------------------------------
Eau
Claire    ER16-608      355     -59     444845    5785004      375       291
----------------------------------------------------------------------------
Eau
Claire    ER16-609      355     -52     444988    5785122      201       312
----------------------------------------------------------------------------
Eau
Claire    ER16-610      355     -67     445023    5785049      249       301
----------------------------------------------------------------------------
Eau
Claire    ER16-613      355     -65     445065    5785050      252       309
----------------------------------------------------------------------------
Eau
Claire    ER16-614      355     -60     445066    5785076      201       314
----------------------------------------------------------------------------
Eau
Claire    ER16-616      355     -46     445057    5785133      174       323
----------------------------------------------------------------------------
Eau
Claire    ER16-617      355     -57     444897    5785008      351       291
----------------------------------------------------------------------------
Snake
Lake      ER16-594      355     -50     446550    5785015      177       290
----------------------------------------------------------------------------
Snake
Lake      ER16-596      355     -45     446664    5784944      225       294
----------------------------------------------------------------------------
Snake
Lake      ER16-599      355     -45     446750    5785000      177       280
----------------------------------------------------------------------------
Snake
Lake      ER16-600      355     -46     446850    5785000      201       280
----------------------------------------------------------------------------
Snake
Lake      ER16-607      360     -45     447120    5784815      423       280
----------------------------------------------------------------------------
Snake
Lake      ER16-611      360     -45     447419    5784823      216       280
----------------------------------------------------------------------------
Snake
Lake      ER16-615      355     -45     447024    5784813      267       293
----------------------------------------------------------------------------
Snake
Lake      ER16-622      355     -45     447195    5785040      186       265
----------------------------------------------------------------------------

The design of the Eastmain Resources' drilling programs, Quality Assurance/Quality Control and interpretation of results is under the control of Eastmain's geological staff, including qualified persons employing a strict QA/QC program consistent with NI 43-101 and industry best practices. The Clearwater project is supervised by Eastmain's Project Geologist, Michel Leblanc P. Geo.

Drill core is logged and split with half-core samples packaged and delivered to ALS Minerals laboratory. Samples are dried and subsequently crushed to 70% passing a 2 mm mesh screen. A 1000 gram subsample is pulverized to a nominal 85% passing 75 micron mesh screen. The remaining crushed sample (reject) and pulverized sample (pulp) are retained for further analysis and quality control. All samples are analysed by Fire Assay with an Atomic Absorption (AA) finish using a 50 gram aliquot of pulverized material. Assays exceeding 5 g/t Au are re-assayed by Fire Assay with a Gravimetric Finish. Eastmain regularly inserts 3rd party reference control samples and blank samples in the sample stream to monitor assay performance and performs duplicate sampling at a second certified laboratory. For 2016, approximately 10% of samples submitted are part of the Company's laboratory sample control protocols.

This press release was compiled and approved by William McGuinty, P. Geo., Eastmain's VP Exploration and Qualified Person under National Instrument 43-101.

About Eastmain Resources Inc. (TSX: ER)

Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain Mine gold deposits, both of which are located within the James Bay District of Quebec. Clearwater, host of the Eau Claire deposit, is the Company's core asset with access to superior infrastructure in a favourable mining jurisdiction. Eastmain also holds a pipeline of exploration projects in this new Canadian mining district, including being a partner in the Eleonore South Joint Venture.

Forward- Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to the potential success of the Company's future exploration and development strategies. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update such information, except as may be required by law.

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