Eastmain Resources CEO Updates Uptick Newswire’s Stock Day Podcast on The Company’s Value to Investors as They Hit Major Milestones in Gold Exploration

PHOENIX, Sept. 18, 2018 - Eastmain Resources Inc. (“Eastmain” or the “Company” – TSX.ER, OTCQX:EANRF) President, Chief Executive Officer, and Director, Claude Lemasson, recently talked with “Stock Day” host Everett Jolly about the company’s untapped potential in the market.

“We have a solid company with great potential,” said Lemasson. “If you are value hunting for a stock that’s very solid and has gold in the ground in a safe jurisdiction, we are a great opportunity. This is a great entry point for an investor.”

Eastmain Resources is a high-grade gold exploration company with high-quality assets in Québec. Jolly asked specifically just what makes Eastmain a good opportunity for investors. Lemasson explained how their location and quick success makes them stand apart.

“All of our assets are in Quebec, that makes us a little different because the area is known as a safe and stable for gold exploration.” He also added “We’ve been very successful in a small amount of time. We are creating value for the company, while at the same time, due to market aspects beyond our control, we are clearly undervalued, making us a unique value opportunity.”

Much of that success is centered around the company’s project in Eau Claire. Jolly asked Lemasson for more details on the endeavor. Eastmain Resources recently released a Preliminary Economic Assessment on the project, a prelude to full pre-development activities and studies. Something that Lemasson says exploration companies wait their entire lives for.

“The PEA came out with very robust results, it’s now just a question of permitting and engineering.” He also said, “After tax net present value at a 5% discount rate we are looking at around $260 Million Canadian also an after-tax IRR of 27% so very robust numbers.”

Jolly then asked the CEO about what his company is planning to do with the $5.75 million from private placement. Lemasson explained that this money will help keep them operating well into 2019. He says they are “really well funded” and are working towards meeting company goals.

“We have an exploration vision in the company to get to 3 million ounces in the next 3 years and we are already halfway to it. The money is going to the advancing post-PEA work and exploration at the Eau Claire project, as well as exploration of new targets on a recent discovery at the Éléonore South Joint Venture.”

For the full interview with Eastmain CEO and more insights on the future of the company click here:https://upticknewswire.com/featured-interview-ceo-claude-lemasson-of-eastmain-resources-inc-otcqx-eanrf/

To follow Eastmain’s progress on its new ventures, go here: http://www.eastmain.com/

More About Eastmain:

Eastmain is a Canadian exploration company advancing three high-grade gold assets in the emerging James Bay gold camp in Québec. The Company holds a 100% interest in the Eau Claire Project, for which it recently issued a Preliminary Economic Assessment (“PEA”), and the Eastmain Mine Project where the Company prepared a NI 43-101 Mineral Resource Estimate in 2018. Eastmain is also the manager of the Éléonore South Joint Venture which hosts a new high-grade gold discovery found in late 2017 and is located immediately south of Goldcorp Inc.'s Éléonore Mine. In addition, the Company has a pipeline of exploration projects in this favourable mining jurisdiction with nearby infrastructure.
Contact Eastmain: http://www.eastmain.com/contact/contact-details/

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

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SOURCE:
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For more information:

Claude Lemasson, President and CEO
+1 647-347-3765
lemasson@eastmain.com

Laurenn Russell, Investor Relations Consultant
+1 647-347-3735
lrussell@eastmain.com