Eastmain Resources Inc.: Clearwater Project

TORONTO, ONTARIO, Aug 24 (MARKET WIRE) --
Eastmain Resources Inc. (TSX:ER) announces that visible gold (VG) has
been identified in 18 vein intersections from five recently completed
drill holes, on its wholly-owned Clearwater Project, located in James Bay
Quebec. Visible gold detected in intersections from holes 386, and 388 to
391 is principally found within two veins (V19 and T10) located on the
north margin of the Eau Claire gold deposit (see website for 3D Model).
Assays are pending. Results from earlier drilling this year of high-grade
gold intercepts containing VG, include 66.5 g/t Au over 0.5 metre (hole
374-Vein 14) and 38.4 g/t Au over 2.0 metres, including a half-metre
interval of 150 g/t Au within Vein 12 in hole 375. Both intercepts occur
within the 850 West Zone.

Drill holes 386, 389 and 390, collared 25 metres apart, to test the
lateral and depth extensions of the 450 West Zone, have intersected
multiple vein intervals with visible gold. Hole 386 hit three veins
containing multiple grains of visible gold, including 20 grains of VG in
Vein T4 and 14 grains in Vein T10. Hole 389 also intersected 3 veins
containing VG - Veins T, T8 and 4.0-metre-wide section of T10 containing
88 grains of visible gold and 63 telluride grains. Hole 390 hit two veins
(T10 and T16) containing VG, highlighted by a 3.1-metre-wide T10
intersection containing 75 grains of visible gold and 131 telluride
grains.

Drill holes 388 and 391, collared 25 metres apart along the north margin
of the 850 West Zone both intersected visible gold within Vein V19. Hole
388 intersected a 3.1-metre-wide quartz-tourmaline vein containing 18
grains of visible gold and 17 telluride grains from an interval of Vein
V19. Hole 391 also hit a 4.6-metre-wide vein and alteration zone (V19)
containing 74 grains of VG and 40 telluride grains.

To date 48 drill holes have been completed in 2012 for a total of 17,435
metres focused on expanding the measured and indicated open pit-able
resources in the 450 and 850 West Zones respectively. Both the 450 and
850 West Zones are open laterally and to depth. The current 40,000-metre
drill program will continue to focus on expanding lateral and vertical
extensions of both zones. A revised resource estimate currently being
finalized will include all drill data up to hole ER11-350.

CEO Don Robinson states, "Although assays are pending for these VG
intersections, they are significant in that detection of visible gold
indicates a continuation of the high-grade, Eau Claire gold mineralizing
system, well outside the limits of the reported resource. These
intersections also show a marked continuity to super-enriched gold zones
within Eau Claire".

Dr. Donald J. Robinson P.Geo, is the Qualified Person for the information
contained in this press release and is a Qualified Person within the
meaning of National Instrument 43-101.

About Eastmain Resources Inc. (TSX:ER)

Eastmain is a Canadian gold exploration company with 100% interest in the
Eau Claire and Eastmain gold deposits. The Corporation has $14 Million in
its treasury and holds a pipeline of exploration projects within the
James Bay District, including the Eleonore South property, which lies
immediately south of Goldcorp's multi-million-ounce Eleonore property.
Eastmain has allocated $10 million for exploration of its key gold
projects in Quebec for 2012. Work will include 40,000 metres of drilling
at Clearwater.

Notes: Chemical analysis was completed by ALS CHEMEX Laboratories using a
50-gram split and gravimetric techniques. Internal standards provided by
an independent company and blank samples were inserted for quality
control purposes. Assay samples are taken from HQ core, sawed in half
along the core axis with one half sent to a commercial laboratory and the
other half retained for future reference. Sample length approximates true
thickness.

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. 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 and the availability of financing.
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.

Contacts:
Eastmain Resources Inc.
Dr. Donald J. Robinson
President
(519) 940-4870
(519) 940-4871 (FAX)

Eastmain Resources Inc.
Catherine Butella
Exploration Manager
(519) 940-4870
(519) 940-4871 (FAX)
info@eastmain.com
www.eastmain.com

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