Eastmain Resources Inc. announced the discovery of a new gold target at its wholly-owned Clearwater project, located in James Bay, Northern Québec. Surface prospecting along favourable deposit stratigraphy this summer led to the discovery of the Boomerang Prospect, where a composite grab sample of vein material, located one-half kilometre east of the Eau Claire gold deposit, assayed 254 g/t Au (7.42 ounces gold per ton), 640 g/t Ag (18.7 ounces silver per ton) and >500 g/t tellurium (Map 1, website). Other anomalous samples within the Boomerang Prospect area include 30.6 g/t Au (0.89 ounces gold per ton) and 9.04 g/t Au in key volcanic/sedimentary rocks, located up to eight kilometres east of the deposit. The Boomerang prospect contains a highly enriched gold-tellurium metal signature similar to Eau Claire, which suggests it was derived from the same hydrothermal gold-bearing system. Boomerang will be drill-tested in future programs. The current drill program is focused on defining a measured, near-surface resource for potential extraction by open pit methods. A total of 7,400 metres of drilling, to test the Main Group of Veins within the central portion of the deposit and the T-Vein series, found north of the previously defined gold resource, has been completed to date. Drilling will continue throughout the quarter. Significant assay data highlights from the first 8 of 19 drill holes of the current program at Eau Claire (Clearwater project) comprise: 24.81 g/t Au (0.72 ounces per ton) over 2.0 metres, including 69.8 g/t Au (2.04 ounces per ton) over 0.5 metres in hole ER09-198; 10.64 g/t Au (0.31 ounces per ton) over 3.0 metres, including 34.1 g/t Au (1 ounce per ton) over 0.5 metres in hole ER09-203; and 19.75 g/t Au (0.58 ounces per ton) over 2.5 metres in hole ER09-204, including 37.8 g/t Au (1.10 ounces per ton) over 0.5 metres. Fine-grained visible gold, common to the deposit, has been observed in seven of eight drill holes reported herein. Assay data is pending for the remaining 11 drill holes. Over the past 22 months, a total of 28,600 metres (153 HQ drill holes) has been completed to expand the Eau Claire gold resource within the upper 300 metres. In 142 drill holes, 400 gold-bearing quartz-tourmaline vein intervals with an average grade of 13.1 g/t Au (0.38 ounces per ton), at an average thickness of 1.35 metres, have been intersected within the upper one-third of the deposit (Table 1). 350 vein intervals contain an average grade of 14.9 g/t Au (0.43 ounces per ton); 250 vein intervals averaged 19.6 g/t Au (0.57 ounces per ton); 150 vein intervals contain an average of 27.6 g/t Au (0.80 ounces per ton); 100 vein intervals contain 39.4 g/t Au (1.15 ounces per ton) and 50 intersections have an average of 63 g/t Au (1.84 ounces per ton). Near-term exploration objectives include continued definition drilling of the high-grade Eau Claire gold deposit, completion of the metallurgical testing program and updating the resource calculation.

Eastmain Resources Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2009. For the quarter, the company reported loss for the period before interest and other income of CAD 635,837 compared to CAD 253,439 for the same period last year. Loss for the period before income taxes was CAD 623,596 compared to CAD 174,903 for the same period last year. Net loss for the period was CAD 632,959 or CAD 0.01 basic and diluted per share compared to CAD 174,903 or CAD 0.00 basic and diluted per share for the same period last year. Cash used in operations was CAD 806,121 compared to cash provided from operations of CAD 140,148 for the same period last year. For the nine months, the company reported loss for the period before interest and other income of CAD 1,140,886 compared to CAD 752,554 for the same period last year. Loss for the period before income taxes was CAD 1,029,957 compared to CAD 567,114 for the same period last year. Net loss for the period was CAD 1,042,004 or CAD 0.01 basic and diluted per share compared to CAD 513,414 or CAD 0.01 basic and diluted per share for the same period last year. Cash used in operations was CAD 1,083,123 compared to CAD 896,680 for the same period last year.

Eastmain Resources Inc. announced that a 3,500-metre drill program is underway at its Éléonore South project. Les Mines Opinaca Ltée. confirmed its joint participation in a $1.6-million exploration program, designed to drill-test a sedimentary-hosted discovery at the JT gold zone as well as other priority targets on the property. Anomalous gold values have been discovered in altered sedimentary rocks within the JT Gold Zone, over an area 800 metres in length and approximately 400 metres in width. Previously, the partners announced surface trenching results of 5.33 g/t gold (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).