Eastmain Resources Inc.: Clearwater Project; Boomerang Showing Grab Sample 188 g/t Au, 828 g/t Ag, 600 g/t Te; Eau Claire Extension Channel Samples Up to 76.8 g/t Au

TORONTO, ONTARIO--(Marketwired - Nov 14, 2014) - Eastmain Resources Inc. (TSX:ER) announces an update on channel and rock sampling recently completed at its wholly-owned Clearwater Project, located in James Bay, Quebec. Rock sampling from the Boomerang showing assayed very high gold-silver-tellurium (Au-Ag-Te) values in both vein and host rock. Surface stripping has also exposed more high-grade gold-bearing quartz tourmaline veins along the north margin of the 450 West Zone, with 0.5 metre-wide samples ranging from 2.05 to 76.8 grams per tonne (g/t) Au. The Company is preparing for a fall drill program with the objective of outlining additional gold resources outside the footprint of the Eau Claire gold deposit.

1,793 channel samples and 636 rock samples from Clearwater have been submitted for assay this season. In excess of 100 rock samples, containing anomalous gold values ranging from 0.10 to 188 g/t, occur within a mineralized system extending both east and west of the Eau Claire deposit, delineating a highly-prospective gold-enriched footprint covering 7.5 kilometres. Numerous quartz-tourmaline veins and altered zones, closely resembling those hosting the Eau Claire gold deposit, were exposed along this 7.5-km-long trend during the 2014 trenching program. This mineralized corridor is associated with a sub-parallel trending regional "crustal-scale" structural break, which runs along the southern portion of the Clearwater property and extends through several other properties held by Eastmain. Major structural breaks occur in most Archean gold camps and are thought to be closely associated with many economic gold deposits throughout the world. Assay data is pending for over a thousand channel samples.

New rock sampling in the vicinity of the Boomerang showing, located 700 metres east of Eau Claire assayed 188 g/t Au, 828 g/t Ag and 600 g/t Te in a quartz-tourmaline vein containing abundant fine grained visible gold and tellurides. The host sediment also assayed 104.5 g/t Au, 537 g/t Ag and 418 g/t Te (Table 1).

2014 surface stripping along the northern extension of the 450 West Zone has exposed multiple 0.5- to 5.0-metre-wide quartz-tourmaline veins and alteration zones. These prolific zones are generally 10- to 50-metres long and range from 1.19 g/t Au over 5.0 metre widths to 25.0 g/t Au over a width of 1.6 metres. They occur north and parallel to the very high grade P, JQ and R veins, which have been exposed for a length of 200 metres and comprise the main

450 West showing. Additional stripping to exposure potentially open-pittable resources at surface is warranted along the northern and eastern boundaries of the 450 West outcrop.

A fall diamond drill program, with the objective of locating a second 450 West Zone, lateral to the Eau Claire gold deposit, is expected to begin before the end of the month.

QP and Quality Control

Dr. Donald J. Robinson P. Geo, President and Chief Executive Officer of Eastmain, Qualified Person under National Instrument 43-101 reviewed and approved the scientific and technical data presented in this press release. Dr. Robinson has supervised the work programs on the Company's properties, visited the properties on multiple occasions, examined outcrops, drill core and trenched areas, reviewed results with on-site geological staff and reviewed both the analytical and quality control results.

Eastmain conducts a quality control program for all of its exploration work, to ensure best practices in the industry from sample shipment and preparation to data collection and analyses. Internal standards provided by an independent company and blank samples are inserted for quality control purposes. Chemical analysis was completed by ALS CHEMEX Laboratories. A 50-gram split of each sample is analyzed using multi-element ME-MS, gold ICP, AA, Fire Assay and gravimetric techniques.

About Eastmain Resources Inc. (TSX:ER) Eastmain is a Canadian exploration company with 100% interest in the Eau Claire and Eastmain gold deposits, both of which are located within the James Bay District of Quebec. Eau Claire, our core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. The Corporation also holds a pipeline of exploration projects in this new Canadian mining district.

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.