Eastmain Resources Inc. (ER:TSX)announces that it has completed a non-brokered private placement of 135,000 flow-through common shares at $1.00 per flow-through common share for aggregate gross proceeds of $135,000. Eastmain issued an aggregate of 135,000 shares at a price of $1.00 per share. Officers, directors and service providers of the Corporation subscribed for the total placement.

Proceeds of the placement will be used for the exploration of Eastmain's MegaTEM joint venture located in Ontario.

Eastmain is one of the most active mining exploration companies in Northern Québec. The Company’s primary focus is gold exploration within an emerging mining district in the Eastmain/Opinaca region of Québec. With approximately 66 million shares issued and outstanding, Eastmain has working capital of C$7.5 million and is debt free. Approximately onehalf of the Company is held by over 20 different financial institutions.