2. EASTMAIN
2
Forward Looking Statements
Certain information set forth in this Presentation 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. Some of my
commentary may contain forward‐looking information, therefore, you are
cautioned that the Corporation’s actual results could differ materially from
my conclusions, forecasts or projections. I refer you to the section entitled
“Risk Factors” in our Annual Information Form available on
www.SEDAR.com which sets out certain material factors that could cause
actual results to differ.
3. EASTMAIN
3
Eastmain Investment Highlights
Eastmain Mine – Royalty free(1) with New Infrastructure
Clearwater Project (Eau Claire) – Royalty free!
Exceptional 2013 Drilling & Trenching Results
Superior Infrastructure – Power & Road Access
Favourable Jurisdiction with Financial Incentives
High‐Grade Open Pit resource at 4.7 g/t Au (75% M&I)
(1) Franco Nevada Corporation and Virginia Mine Inc. purchased the Initial Production Royalty (2% NSR) from CBay Minerals Inc. on 250,000 ounces of gold. Eastmain purchased the remaining
Production Royalty.
4. EASTMAIN
4
• Two High‐Grade Gold deposits:
− Eau Claire (1.8M ounces)
− Eastmain Mine (former producer)
• 9 Early Stage Exploration Projects
• Eleonore South – Joint with Goldcorp
• Favourable Mining Jurisdiction
• Mine‐ready infrastructure (roads, power)
• Quebec’s Plan Nord – new permanent road
access for Eastmain Mine
• Financial incentives (Quebec rebates)
• Goldcorp largest shareholder (8.8%)
Overview of Eastmain Resources
5.71 MOptions (average price $0.95)
6.77 MWarrants (average price $0.45)
C$6.4 MTreasury (2)
C$35 MMarket Capitalization
132.4 MShares Outstanding (Fully Diluted)
120.2 MShares Outstanding (Basic)
C$0.19 – 0.60Share Price Range (1)
TSX:ERTrading Symbol
EASTMAIN
Summary Market Statistics
Focused on Gold Exploration in Mine‐Friendly James Bay, Québec
Company Overview
(1) As at close on April 9, 2014
(2) As of March 31, 2014, $1M Quebec rebate receivable (not included).
6. GERALDTON
RAINY RIVER
DETOUR
NORANDA
RED LAKE
HEMLO
VAL D' OR
KIRKLAND LAKE
TIMMINS
0 10 20 30 40 50 60 70 80
10
9
8
7
6
5
4
3
2
1
JAMES BAY, QUEBEC
GOLD DEPOSITS
> 3 - 5 M OZ
> 10 M OZ
> 0.3 - 3 M OZ
< 0.3 M OZ
> 5 - 10 M OZ
500 km
Gold Production – Top 10 in the World & Canada
James Bay, Québec – An emerging Mining Camp
CANADA
JAMES BAY, QUE
Past Production + Current Gold Resources (millions oz)
CANADIAN SHIELD
Hemlo
Detour
Val d’Or
RR
KL
GL
CW
EMEL
Note: Canada ranks 7th
in the World in annual gold production. Over 200 million ounces of gold produced from the Canadian Shield. Most “Mining Camps” are defined by one or more deposits >10
million ounces. James Bay, Quebec ranks in the Top 10 gold camps in the Canadian Shield. CW – Clearwater; EL – Eleonore; EM – Eastmain Mine; GL – Geraldton; KL – Kirkland Lake; RR – Rainy River
EASTMAIN
Gold Mining Camps in the Canadian Shield Top 10 Countries (Gold Production)
Top 10 Canadian Gold Camps
Gold Mining Camps in the Canadian Shield
Annual Production (Tonnes)
INDONESIA
MEXICO
GHANA
CANADA
SOUTH AFRICA
PERU
UNITED STATES
RUSSIA
AUSTRALIA
CHINA
0 100 200 300 400 500
10
8
9
7
6
5
4
3
2
1
(Up 30% over 2012)
9. EASTMAIN
9
• High‐Grade Open Pit & Underground Gold Deposit
• Volcanic‐hosted Quartz‐Tourmaline vein system
• Metallurgy – Gold with Byproducts of Te, Bi and Ag
Excellent Metallurgical Properties
• 2013 Drilling: (77 holes – 31,466 m)
132 intercepts @ 10.8 g/t Au / 4.34 m
71 intercepts @ 15.5 g/t Au / 5.48 m
• 2013 Trenching: (>2000 samples)
Up to 39.5 g/t Au / 8.5 m
• Next Milestones: Re‐Model Eau Claire Deposit, Block
Model Resource Estimate & Future PEA
• Objectives – Outline sufficient gold resources at Eau Claire
for a Long‐Life, Low‐Cost, Highly Profitable Gold Operation
Clearwater Project ‐ Eau Claire Gold Deposit
Eau Claire is Higher Grade than 75% of all Gold Deposits Worldwide
Overview
PEOPLE – PROJECTS – PARTNERS
12. EASTMAIN
12
Eau Claire Gold Deposit 2013 Drill Program
Felsic Volcaniclastic rock
Mafic Volcanic rock Felsic Porphyry/Tonalite
Surface Projection of Gold Mineralization, Potential Open Pit Areas & 2013 Drilling
450 West Zone
850 West Zone
250 m
Gold Mineralization
CW
15
BM
Note – Gold Mineralization surface projection represents the 0.5 g/t Au grade shell created in Leapfrog based on drilling up to 2011. Drill hole azimuth N 355E dipping 45 to 60 degrees north.
Potential
Open Pit Area
N
2013 Drill Hole
2013 Drill Hole with Visible Gold
5,785,750 mN
5,785,000 mN
5,785,250 mN
444,000mE
5,785,000 mN
5,785,250 mN
5,785,500 mN
5,785,750 mN
445,250mE
445,500mE
445,750mE
444,250mE
476
493
533
525
494
512
Gold Grade Shell
490
2013 Drilling Highlights
501 – 10.94 g/t Au / 12.0 m
incl. 19.85 g/t Au / 5.0 m
512 – 4.88 g/t Au / 31.0 m
incl. 8.50 g/t Au / 16.0 m
524 – 131.4 g/t Au / 2.00 m
incl. 257.0 g/t Au / 0.5 m
532 – 25.76 g/t Au / 4.0 m
incl. 39.93 g/t Au / 2.0 m
533 – 44.35 g/t Au / 4.0 m
incl. 82.15 g/t Au / 2.0 m
501
520
521
524522
532
534
13. EASTMAIN
13
Eau Claire Gold Deposit – 3D Model Looking Down
3D Plan View – 0.5 g/t GOLD Grade Shell of Eau Claire
Surface plan of Eau Claire Gold Deposit – 1.8 km long by 150 m wide traced to 900 m depth
• 3D modeling of Eau Claire illustrates a large crescent‐shaped body with a “hinge” forming between the 450 & 850 West Zones
• The gold‐bearing vein system changes direction from the 450 West Zone (E‐W, dipping S & NW Domains dipping SW) to the 850 West Zone (NE‐SW, subvertical dip).
• 490 – 4.78 g/t Au / 21.0 m; 501 – 10.94 g/t Au / 12.0 m; 512 – 4.89 g/t Au / 31.0 m; 520 – 9.69 g/t Au / 10.0 m; 521 – 59.4 g/t Au / 2.0 m; 522 – 8.25 g/t Au / 9.0 m; 524 – 131.5 g/t Au / 2.0 m;
532 – 25.8 g/t Au / 4.0 m; 533 – 44.4 g/t Au / 4.0 m, incl. 88.9 g/t Au / 2.0 m
850 West
Zone
450 West Zone
OPEN
OPEN
375
OPEN
358
426
456
533
490
522
521
411
412
406
524
388
532
501
512
520
High‐grade gold zone (10 to >100 g/t Au)
2012/2013 gold intercept
16. EASTMAIN
16
Eau Claire Gold Deposit – Longsection Looking North
3D Leapfrog view of gold‐bearing drill intersections >0.5 g/t Au
Longitudinal view of Eau Claire Gold Deposit – 450 & 850 Zones
• 2012 & 2013 Drilling has expanded and defined lateral & vertical continuity of the Eau Claire gold deposit within 300 metres of surface
• ER12‐412 – 17.7 g/t Au/6.5 m; ER12‐456 – 10.98 g/t Au /11.0 m; ER13‐490 – 4.78 g/t Au / 21.0 m; ER13‐501 – 10.94 g/t Au / 12.0 m; ER13‐512 – 4.88 g/t Au / 31.0 m; ER13‐520 ‐9.69 g/t Au / 10.0 m;
ER13‐521 ‐ 59.4 g/t Au / 2.0 m; ER13‐522 ‐ 8.25 g/t Au / 9.0 m; ER13‐524 – 131.5 g/t Au / 2.0 m; ER13‐532 – 25.8 g/t Au / 4.0 m; ER13‐533 – 44.4 g/t Au / 4.0 m
2012/2013 gold intercept
Pre 2012 gold intercept
450 West Zone850 West Zone
0 m RL
OPEN
OPEN
1.2 kms
524
ER12‐412
456
512
533
521
490
501
520
522
532534
17. EASTMAIN
17
Clearwater Project – Summary
Eau Claire – Potential to be a Low Capex, High Return OPEN PIT & UG Gold Deposit
One of the Highest Grade Undeveloped Gold Deposits in North America
• Exceptional 2013 Trenching & Drilling results add to
the Critical Mass of the Resource;
• >90% of the 2013 Drilling Intercepts are within 300
metres of Surface (Positive for OP Resources);
• Detailed Airborne Surveys have defined a Crustal
Scale – Regional Structural “Break” highly
favourable for additional discoveries;
• Exploration Success Driven by a Revised Geological
Model with Wider Zones & Better Continuity;
• Business Plan – complete Eau Claire Deposit
Interpretation followed by a Block Model Resource
& Future PEA
* Note: The composite average gold content measured in grams x metres (gm) for the R, JQ & P Veins at surface is 109 gram metres Au.
18. EASTMAIN
18
Legend
Expl/Mining Project
Otish Park
Section A: 0-82 km
Section B: 82-143 km
Section C: 143-195 km
Section D: 195-245 km
Route 167 North Extension connected to Eastmain Mine
Quebec’s Plan Nord Infrastructure program adds permanent road access
• Quebec government’s Plan Nord program
provides new infrastructure to James Bay
region; MTQ built Sections A & B of Route 167
North Extension
• Stornoway has constructed Sections C & D
(financial assistance by Quebec)
• Eastmain Mine now linked to Route 167 Nord
Photos courtesy of Stornoway Diamond Corporation; MTQ – Quebec Ministry of Transport
Km 0
Km 195
Km 245
Km 143
Km 82
Sections C & D
Stornoway
97 km of Mine Road
(50 km/hr)
Western Troy
Renard
Eastmain
Strateco
25 km
Temiscamie
Sections A & B
MTQ
143 km of Regional
Highway (70 km/hr)
Route 167
D
A
B
C
19. EASTMAIN
19
• Eastmain Mine and Ruby Hill East
– 100% Ownership (125 km2)
• New Route 167 North provides
permanent road access
• Four High Grade Gold targets
defined by 2013 Exploration
• Eastmain Mine:
Historical M&I resource
255,750 ounces gold
1M tonnes at 9.95 g/t Au (1)
• Mine Trend >10 km long repeated
on Ruby Hill Property
• Substantial Resource Growth &
Discovery Potential
• Second M&A Candidate
Eastmain Mine – Project Overview
High Grade + Growth Potential + Large Land Package + Infrastructure
(1) The Eastmain Mine Historical Resources are not NI43‐101 compliant. A Qualified Person has not done sufficient work to classify them as current mineral resources. The issuer is not treating
these historical resources as current mineral resources and these resources should not be relied upon.
Project Geology Project Overview
Eastmain Mine
Property
Ruby Hill East
A & B Gold
Zones
2.5 kms
Winter Road
Route 167 North
Mine Trend
C ZoneMine
Camp
>1 to 5 g/t Au
Rock Assay Data
>30 g/t Au >10 to 30 g/t Au >5 to 10 g/t Au
Priority
Target
Airstrip
N
2
3
4
1
23. EASTMAIN
23Note: ES – Eleonore South, RH – Ruby Hill, LE – Lac Elmer, LH – Lac Hudson, RK – Road King, DY – Dyna, LG – Lidge, RD – Radisson, LL – Lac Lessard
Exploration through Mining Cycle
Project Life Cycle from Area Selection to Discovery to Rehabilitation
Eastmain owns two Advanced‐Stage, one Discovery‐Stage & nine Exploration‐Stage Projects
AREA SELECTION
LAND ACQUISITION
PROSPECTING, GEOCHEM & GEOPHYS SURVEYS
(EXPLORATION STAGE)
DRILLING, TRENCHING
(DISCOVERY STAGE)
ES, RH, LE,
LH, RK, DY,
LG, RD, LL
Reservoir
Clearwater
Eastmain Mine
Development Cycle
Exploration Cycle
RESOURCE DEFINITION
(ADVANCED EXPLORATION STAGE)
DEVELOPMENT
(PEA TO FEASIBILITY STAGE)
PRODUCTION
(MINING STAGE)
CLOSURE AND REHABILITATION
26. EASTMAIN
26
Windfall Lake
Whitney
Wesdome
Wasamac
Valentine Lake
Val-d’Or East
Tetlin
Taylor
REN
Rain
Leitch-Sand River
Lamaque
J & L
Horne 5
HardrockGoliath
Gold River
Goddell
Farley Lake
Elk
Duquesne
Courageous Lake
Clearwater
Cameron Lake
Butte Highlands
Buffalo Ankerite
Brookbank
Bradshaw
Back River
Ardeen
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0
Total Resource (Millions Ounces)
Gold Grade (g/t)
Comparison of Clearwater to Advanced Canadian & US Gold Deposits*
Clearwater Compares Very Favourably to its Peer Group of Development Stage Gold Deposits
Canadian & US Gold Deposits (Development Stage)
>2 g/t Au & >0.5 Million Ounce Total Gold Resource
32 Deposits @ Average Grade of 6.17 & 1.88 M Ounces
* Note – Total Gold Resources include all categories as a weighted average for each deposit as summarized in Appendix A.
28. EASTMAIN
28
$‐
$50
$100
$150
$200
$250
$300
Prodigy Rainy River Brett Trelawney Aurizon Queenston Osisko Virginia
TEV/ounce
$‐
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
Canadian Gold Company M&A Transactions
High Grade projects sold for 3 to 6 times the value of the Low Grade Assets
Note: TEV/ounce – includes total gold resources divided by Market Capitalization. Transaction Value when M&A was completed.
TEV/ounce Producer
TEV/ounce Developer
LEGEND
Transaction Value
With a rising gold price, gold companies
began to chase more marginal ore at
existing mines and develop low‐grade
projects in more remote parts of the world
where infrastructure is lacking, project costs
are high and resource nationalism is more
prevalent.
Transaction Value (Millions)
30. EASTMAIN
30
2014 Exploration Program
Building for tomorrow – today!!
• 16,000 metres of drilling planned on Quebec Projects
• Principal focus on adding High Grade Resources amenable to OPEN PIT Extraction at Eau Claire
• Advance Eastmain Mine and Other Early Stage Projects In house, Joint Venture or Asset Sale
• 16,000 metres of drilling split between Eau Claire & Eastmain
• Advance resource targets lateral to both deposits
• Target generation & testing on other priority projects
Work Planned
• $4.28 M in Flow Through Funds will be allocated principally
to Clearwater & Eastmain Mine; Other priority projects
include Lac Hudson & Lac Lessard
2014 Exploration
Budget
• Complete Eau Claire modeling & resource estimation
• Future PEA
• Initiate Strategic Review
Objectives
Clearwater, Eastmain Mine & Other James Bay PropertiesProjects
(1)Budget assumes equal funding from Eastmain and Goldcorp. (2) Actual program to be determined by the joint venture management committee.
$4.28 Million Exploration Budget for 2014
2014 Program Overview
31. EASTMAIN
31
Reasons to own Eastmain
• Two High Grade Gold Deposits
• Royalty Free & 100% ER
• Mine essential Infrastructure in place
• Top Mining Jurisdiction
• Provincial Financial Incentives
• Goldcorp – long term shareholder
• Evidence for long‐life, low cost, highly
profitable gold deposit at Eau Claire
Clearwater One of the Highest‐Grade Undeveloped Gold Projects in Canada
1 cm
2,540 g/t Au (74.17 oz/ton);
incl. 24.6 g/t Au over 55.6m
S‐Vein (Hole 98 – 65 m depth)
Visible Gold