Eastmain Resources Inc. owns 100% interest in the Clearwater Property, host to one of five known gold deposits in the James Bay region of Québec. Surface trenching and diamond drilling have outlined an indicated and inferred gold resource in excess of 4 million tonnes, containing approximately one million ounces of gold as of 2005. The Eau Claire gold deposit consists of multiple, parallel veins of quartz and tourmaline that have been traced for 1.5 kilometres in length and to a vertical depth of 900 metres. The deposit is open laterally to the east and at depth.

The Eau Claire gold deposit is located two-kilometres from Hydro Quebec's road network and five kilometres from power. Over the past 16 months, up to April 2009 Eastmain has focused on definition drilling the upper 1/3rd of the Eau Claire Gold deposit, to outline near surface, high grade resources which could be extracted by open pit mining methods. 125 large diameter (HQ) drill holes have intersected over one thousand veins and schist zones. 365 of these vein intersections have an average grade of 14 grams gold per tonne or (0.41 ounces per ton), including over 250 vein intercepts with an average grade of 19.6 grams gold per tonne (0.57 ounces) and 100 vein intercepts at 40.4 grams gold per tonne (1.18 ounces per ton). Recently hole 190 intersected a half-metre wide vein containing 10.2 ounces gold per ton, 580 metres west of the discovery hole which intersected 14 ounces gold per ton across two metres from the same vein. Visible gold has been observed in 147 veins from the recent drilling including 2.54 kilograms gold per tonne in hole 98 (74 ounces per ton) and 92.7 grams gold per tonne (2.71 ounces per ton) over 3 metres in hole 87 at a depth of 18.5 metres.

Major gold mines found throughout many of the world's greenstone belts are often located along well defined regional structural/stratigraphic horizons such as Timmins' Destor Porcupine Fault. It is more often the rule than the exception to find a series or cluster of gold deposits situated along the same geologically-favourable gold-bearing horizon than to find an isolated deposit. The Clearwater property straddles a regional structure referred to as the Cannard Break.

Regional exploration to define and evaluate the potential of other gold showings, in an effort to discover a second deposit, on the 20-km-long property is ongoing. Previous field programs defined a number of gold-in-soil, rock anomalies and magnetic/electromagnetic targets. These targets will be tested in future trenching and drilling programs

Read About the Eau Claire Deposit

The best place to explore for additional ore is beside and below an existing deposit. With three gold deposits discovered to date, and more to be found in the future, the Eastmain/Opinaca region is developing into a formidable mining district. Eastmain Resources Inc. has significant exploration programs in and around all three gold deposits in the district.

Our exploration programs include: 1) regional target generative work - soil sampling, prospecting, geological mapping and detailed airborne VTEM geophysical surveys; 2) local target definition and testing - detailed soil and rock sampling and trenching and 3) deposit evaluation work including a bulk sample and scoping study.

As the price of gold continues its long-term upward trend Eastmain Resources is well positioned to capitalize on its developments in Canada's newest gold mining district.

Regional surface exploration in the search for a second gold deposit on the property is continuing at Clearwater. In light of the recent gold discovery at Eléonore, sedimentary rock formations and margins of felsic intrusions were the focus of our 2005 field work. Several target areas have been identified for early- to mid-staged exploration. These include the Serendipity, Clovis Lake, Labyrinth and North Eau Claire River areas. VTEM (Dream Catcher) airborne magnetic and electromagnetic surveys covering 76 km2 have been completed on three of these key areas of the Clearwater property.

Future Outlook

The Eastmain/Eleonore region is an evolving mining district with future gold production on the horizon. The Corporation is well positioned with 100% ownership of two high-grade gold deposits (Eau Claire and Eastmain Mine) and a new discovery at Eleonore South in joint venture with our major shareholder, Goldcorp. Our near term objectives at Clearwater are to continue the large diameter (HQ) drill program throughout the 2009 field season focused on expanding and outlining near surface gold resources that could be extracted by open pit methods. Drilling over the past 16 months has confirmed the high grade character of the Eau Claire deposit and has expanded its dimensions. Definition drilling will continue both within and outside the known limits of the deposit, especially focused on the newly discovered T Vein series to the north. Surface geological mapping and sampling will focus on a five to eight kilometre corridor lateral to Eau Claire during the 2009 field season

• Eau Claire Gold Deposit - 2009 Drill Plan
Map

• Eau Claire Assays & Metallurgy 35 High Grade Gold-Tellurium intersections 94 to 96% Gravity + flotation gold recovery
News Release

• New gold target – 254 g/t Au, 640 g/t Ag & >500 g/t Te High-Grade Eau Claire Drill Assays
News Release

• Eau Claire Drilling Intersects Exceptional High-Grade Gold (Table and MAPS included)
News Release

• Eau Claire Winter Drilling - Visible gold intercepted in 27 veins. (Table and MAPS included)
News Release

• Definition Drilling continues at Eau Claire - Metallurgical program on track. (Drill Plan included)
News Release

• Eau Claire: 17.99 g/t Au over 4.7 m in T Vein series 100 vein intersections at 1.05 ounces gold per ton
News Release
Maps

• Eau Claire Gold Deposit - First 20 drill holes hit 51 intersections averaging 0.54 oz gold per ton
News Release

• Clearwater Drill Plan - MAPS
News Release

• Eau Claire Gold Deposit Drilling Underway Visible Gold in first 3 drill holes
News Release

• Eau Claire Gold Deposit VG samples average 70.74 g/t Au, up to 2,540 g/t A
News Release

• April 2008 Clearwater Drilling Plan and Maps
Clearwater Drilling Maps

• Clearwater Drilling Project Completed Visible Gold in 55 intersections.
News Release

• 2007 Update - Visible Gold in 19 intersections.
Clearwater Drilling Maps

• Eastmain increased ownership of Clearwater to 100%
• Located 5 km from Hydro Quebec's EM-1 power generation project
• Eau Claire gold deposit traced for a length of 1.5 km to 750 metres vertical depth
• Deposit is open at depth and to the east
• Indicated resources:
• 1,029,332 tonnes @ 9.46 g/t gold (0.28 oz/ton)
• 310,000 ounces gold or US$140 M* in-situ contained metal
• Inferred resources:
  • 3,049,660 tonnes @ 6.90 g/t gold (0.20 oz/ton)
  • 680,000 ounces gold or US$305 M* in-situ contained metal
    
    *(US$450 POG)
• Deposit exposed at surface - P, JQ, R and other veins average >15 g/t gold
• Access road completed to property boundary
• Discovery cost per resource ounce gold less than cost of cup of cappuccino
• Low total discovery plus acquisition cost at Cdn $5.25 per resource ounce gold
• Scoping study in progress, including preparation for a 10,000-tonne surface bulk sample
• 2005 Exploration program finds other gold occurrences on 200 km2 Clearwater property
• New drill-ready gold target identified on Serendipity block
• 2005 Airborne VTEM survey covering new targets north and east of Eau Claire

Project Map

The region straddles two major geological subprovinces and includes volcanic rock assemblages of the Eastmain group, which are overlain by highly metamorphosed sedimentary rocks (paragneiss) of the Opinaca group. A complex series of intrusive rocks intersect the area.

Clearwater is situated in the Canadian Shield within the 2.75-billion-year-old rocks of the Eastmain River greenstone belt. The Canadian Shield is one of the most prolific mining regions in the world, accounting for the production of more than 200 million ounces of gold.

To date five gold deposits have been identified in the Opinaca/Eastmain region; Eastmain group volcanic rocks host the Eau Claire gold deposit and the Eastmain Mine, while the Roberto deposit, lies within Opinaca group metasediments.

The Eastmain River group consists of volcanic and associated sedimentary rocks extending in an east-west direction for over 150 kilometres. Regional geology at Clearwater is comparable to that found in the large, well-known gold mining camps of Ontario and Québec. The Eau Claire gold deposit straddles the contact between these ancient volcanic and sedimentary rocks. The deposit lies predominantly within high iron-tholeiite mafic volcanic flows of the Eau Claire Formation. Porphyry stocks, dykes and sills have intruded the volcano-sedimentary rock assemblages providing the "heat engine" for the hydrothermal system which deposited the gold. Up to five varieties of felsic porphyry have been recognized within the deposit sequence. Similar porphyries have been identified in major gold districts worldwide.

The Eau Claire gold deposit is situated on the south limb of a regional fold structure (anticline). Airborne magnetic data and field mapping indicate that the deposit also coincides with an east-west trending deformation zone or "gold pathway" typical of volcanic-hosted gold deposits. Eastmain controls a 22-kilometre-long (13.7 mile) portion of this gold-bearing pathway or structure. Such major structures are also essential components of world-renown gold mining camps like Timmins, Val d'Or and Kalgoorlie to name but a few.

Project Map