Eastmain Resources Comments on the Withdrawal of Columbus Gold's Proposed Director Nominees
TORONTO, ONTARIO--(Marketwired - April 8, 2016) -
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Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) acknowledges today's announcement that Columbus Gold Corp. has withdrawn its slate of proposed director nominees for the upcoming on April 29th, 2016 Annual and Special Meeting of Shareholders.
"We are pleased that Columbus Gold recognized the value of our plan going forward," said Laurie Curtis, Chairman of the Board of Eastmain Resources Inc. "This plan is the culmination of our previously planned succession process and a strong slate of director nominees representing the right mix of technical expertise, continuity and experience necessary to advance the Clearwater Project. We are appreciative that Columbus recognizes the value of our strategic plan going forward."
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 Québec. Eau Claire, the Company's core asset, has superior infrastructure within a favourable jurisdiction and is royalty free. Eastmain also holds a pipeline of exploration projects in this new Canadian mining district. In October, Eastmain was presented with the "Discovery of the Year 2015" award by the Association L'Exploration Minière du Québec ("AEMQ") for its contributions to the development of Québec's mining exploration industry.
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. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to any potential director nominations, actions taken in respect of director nominations received by Eastmain, actual results of current and future exploration activities at the Company's properties, and the potential success of the Company's future exploration and development strategies. 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 results of matters to be considered at the upcoming annual and special meeting of shareholders of Eastmain, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. 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. The Company assumes no obligation to update such information, except as may be required by law.
Contact
Investor Contact
Laurence (Laurie) Curtis
Chairman
Eastmain Resources
647.823.2520
Media Contacts
Anne Lachance
416.899.8551
anne.lachance@kaiserlachance.com
Heather MacDonald
647.400.0538
647.400.0538
heather.macdonald@kaiserlachance.com