EASTMAIN RESOURCES INC.

Metals News - The Corporation is completing a very extensive and integrated gold exploration program within Canada's newest mining district located in James Bay, Quebec – the Eastmain/Opinaca (Éléonore) district. During the period ending July 31, 2006, Goldcorp Inc. increased its ownership in Eastmain Resources Inc. to approximately 10%, with its third equity investment in the Company. Goldcorp, Eastmain and Azimut Exploration Inc. formed a new joint venture by combining the southern third of Goldcorp's Éléonore property with the Azimut C claim block to create the Éléonore South Property. Eastmain Resources Inc. also signed a Letter Agreement to purchase 100% of the Eastmain Gold Mine from Campbell Resources Inc. Upon completion of this transaction, which is subject to normal due diligence and an environmental review of the mine site, Eastmain will own two of the three gold deposits discovered to date in this emergent mining district, and have a major joint venture beside the newest and largest gold deposit in the region. Eastmain exchanged its 50% interest in the Thelon Basin uranium claims, located in the Northwest Territories and Nunavut, for 508,836 common shares of Western Uranium Corporation (WUC: TSX-V). EXPLORATION Éléonore Mining District Eastmain holds three projects within the immediate vicinity of Goldcorp’s Éléonore Project, which hosts the Roberto gold deposit. These high-potential claim blocks comprise the Éléonore South, Azimut D and Dyna properties. The Éléonore project is a major new gold discovery located in a relatively unexplored area of Québec. According to Goldcorp’s website,“ It is a unique and significant property located in the core of what Goldcorp believes to be a promising new gold district in North America.” Goldcorp is continuing scoping studies and development at Éléonore while aggressively exploring the surrounding area through its joint venture with Eastmain and Azimut at Éléonore South, where Eastmain is the project operator. Éléonore South Project (Eastmain-Goldcorp-Azimut) The Éléonore South Project consists of three exploration blocks in two properties; the Main and North Blocks bound Goldcorp’s Éléonore claims to the south. The West Block is located approximately two kilometres west of the southwestern part of Goldcorp’s property. The principal target at Éléonore South is a 15-km-long zone of enriched gold and arsenic within soils (discovered in 2005) along the southern boundary of Goldcorp's Éléonore project. More than 4,880 soil samples have been collected on the largest gold anomaly, located in the northern part of the Main Block. Geological mapping and sampling over the eastern end of this target confirms the presence of altered, sulphide-bearing sediments similar to those hosting the Roberto gold deposit. Finely disseminated sulphides (pyrite, pyrrhotite and arsenopyrite) associated with siliceous and/or strongly potassic altered, fine-grained sediments have been identified in several locations. Andalusite-rich sediments (rock alteration often associated with gold deposition), similar to those found immediately below the Roberto gold deposit have also been delineated on the Main Block. EASTMAIN RESOURCES INC. Corporate Office: 36 Toronto Street, Suite 1000, M5H 2C5 • Exploration Office: RR #1, Orangeville, ON Canada L9W 2Y8 tel. [519] 940-4870 • fax [519] 940-4871 e-mail: robinson@eastmain.com • web site: www.eastmain.com