3,500 Meter Drill Program At ƒlŽonore South JV Project

 

Eastmain Resources Inc. ("Eastmain", TSX:ER) announced that the 2009 exploration program and budget has been approved by the joint venture partners of the ƒlŽonore South project. Les Mines Opinaca LtŽe. ("Opinaca"), a wholly-owned subsidiary of Goldcorp Inc. (TSX:G, NYSE:GG), have confirmed participation in a $1.6 million exploration program designed to drill-test the sedimentary-hosted discovery at the JT gold zone as well as other priority targets on the property. Azimut Exploration Inc. ("Azimut") has declined participation in funding its share of the program.

Eastmain is the project operator and will manage the joint venture. The project ownership is currently Eastmain 33.34%, Opinaca 33.33% and Azimut 33.33%. Each partner is obliged to fund its portion of the program to maintain its ownership, or see its project interest diluted. Eastmain and Opinaca's interest will

increase to approximately 35.25% upon completion of the 2009 exploration program.

Anomalous gold has been identified at the JT Gold Zone in altered sedimentary rocks over a minimum area of 800 metres in length and approximately 400 metres in width. In 2007, the partners announced surface trenching results of 5.33 g/t Au across 8.0 metres, including an interval grading 20 grams per tonne gold over 2.0 metres, and up to 37.8 g/t Au in a metre-long channel sample (Aug 30, 2007 NR).

Limited preliminary drilling in the JT Zone area, during the winter of 2008, defined a number of wide, goldbearing intervals within aluminous sedimentary rocks containing disseminated arsenopyrite and rock alteration, similar to that observed at the Roberto Gold Deposit. All seven holes drilled into the JT Zone

contain gold. Intervals of up to 10.8 g/t Au over 0.5 metres, and wider zones of up to 1.54 g/t Au over 5.7 metres and 0.70 g/t Au over 10 metres (Jan 21, 2009 NR), may potentially indicate a large gold system nearby.

Important structural controls evident at other gold deposits in the district, have been recognized at ƒlŽonore South. These structures, interpreted from detailed airborne magnetic survey data, will be part of the focus of a 3,500-metre drill program scheduled for the 2009 field season.

"Eastmain and Goldcorp have allocated sufficient exploration funding to continue to evaluate high-priority sedimentary-hosted gold targets at ƒlŽonore South. Current gold resources and grade at the neighbouring ƒlŽonore project have risen dramatically. As of December 31, 2008, the Roberto deposit contained 2.3

million ounces of measured and indicated gold resources at an average grade of 10.05 grams per tonne, and 3.0 million ounces of inferred gold resources at an average grade of 12.75 grams per tonne, thus confirming the tremendous untapped potential of the district." stated Dr. Donald J. Robinson, President & CEO of Eastmain. "The James Bay region of Quebec is evolving into a major Canadian gold district."

The company’s address is 36 Toronto Street, Suite 1000, Toronto, ON M5C 2C5.